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.
September 13th, 2011
Episode 408 of 964 episodes
In a classic game of chicken, two cars race toward each other. The loser is the person who swerves out of the way of the oncoming car.As it turns out, chicken is something that game theorists have devoted a lot of thought toChicken is also a pretty good metaphor for the way Congress handled the debt-ceiling debate.On today's show, we talk to Steven S. Smith, a political scientist at Wash U. who studies Congress for a living. He takes us deep inside the debt-ceiling-as-game-of-chicken metaphor. And he explains why the supercommittee may actually work out a deal.