Planet Money


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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.


#235 Planet Money: A Giant Stone Coin At The Bottom Of The Sea

December 11th, 2010

Episode 332 of 901 episodes

A few months back, we bought a tiny gold coin. The idea was to understand gold and its role in the history of money. That coin got us thinking about this really basic question: What is money? The question led us to Yap -- a tiny island in the middle of the Pacific Ocean, where for hundreds of years people used giant stone discs as a form of money. As it turns out, those stone discs say a lot about the meaning of money. If you don't believe us, just ask Milton Friedman.