The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
November 10th, 2009
Episode 208 of 910 episodes
When people talk about the current economic crisis they bring up the Great Depression and Japan's lost decade, but the world's history of 'financial folly' spans much larger, through eight centuries and 66 different countries. In their new book, This Time Is Different, economist Ken Rogoff of Harvard, and Carmen Reinhart of University of Maryland, tell the stories of financial crises from medieval currency debasements to the recent subprime mess. Reinhart says our current troubles are nothing new, and what's worse, she predicts we're doomed to repeat the mistakes of our predecessors.