The majority of European members of NATO are not spending as much on defense as they agreed to. But that may change as the European Union considers a move to a "war economy." Today, we examine what that means and what barriers to a "war economy" look like. Related episodes: The Military Industry ... It's ComplexAre we overpaying for military equipment? (Apple Podcasts / Spotify) Can Just-In-Time handle a new era of war? (Apple Podcasts / Spotify) How to transform a war economy for peacetime (Apple Podcasts / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy

HOOAH! It's our first Beigie Award for 2024! The Beigie Award is back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This edition's winner took us to the City of Brotherly Love, detailing how high home interest rates and low existing home sales in the area are financially affecting our buff brethren in arms: movers. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy