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.
August 10th, 2010
Episode 296 of 902 episodes
Right at this very moment, you and I, and the rest of the country are participating in one of the great economics experiments of all time. An experiment to test whether John Maynard Keynes' prescription for how to get out of a global depression actually works. The Obama administration calls it the American Recovery and Reinvestment Act, you probably know it as the $787 billion stimulus package. Keynes wrote about the idea of stimulus in his 1936 book, The General Theory of Employment, Interest and Money. His theory simply put, was this -- sometimes economies go into a recession and they can't get out, they get stuck in a kind of recession whirlpool and the best way to get them out is a swift kick by the government in the form of spending. The idea being that if the people aren't spending money, the government needs to borrow it from them and then spend it for them. Today on the podcast, we try to answer the question was Keynes right? Did the $787 billion stimulus package worked?
Have you trembled ‘round the campfire as the ghost stories are told? Do tales of horrors wrought by nature and beyond strike fear in your soul? Is it best when you are afraid to turn out the light? Thrill to stories that strike at your deepest fears, as host Stephen Kilpatrick brings the best of horror fiction to your ears and your mind, read to you by the most chilling narrators that podcasting has to offer. <br /> <br /> Podcasting the finest in genre fiction, Tales to Terrify is where the depths of horror reveal the truths of good, evil, and the human spirit in the District of Wonders podcast network. Like all shows in the District of Wonders, Tales to Terrify is supported by a welcoming community of dedicated fans and contributors. Subscribe today, and begin your journey through the spine-tingling depths of storytelling.<br /> <br /> Everyone has a story in the District of Wonders. Come and find yours.