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 31st, 2010
Episode 303 of 943 episodes
Over the past few years, the Fed bought $1.25 trillion* of mortgage bonds. It was a big move for the central bank, intended to prop up the housing market. But in all the discussion about the program, we never heard anybody explain how you actually buy all those bonds. On today's Planet Money, we go inside the Fed to find out. The answer involves a plain room with four small cubicles, a Nerf hoops net and a table-tennis trophy.
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