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 24th, 2010
Episode 328 of 902 episodes
In the teeth of the financial crisis, the government of Ireland decided to issue a blanket guarantee, promising to make good on all the debts of all its banks. That guarantee, we know now, has worked out very badly for Ireland. On today's Planet Money, we hear the story of how Ireland's decision also had huge consequences for Europe and the U.S.