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 30th, 2011
Episode 413 of 974 episodes
In the 1980s, Satyajit Das worked for a finance company that owned a large stake in an airline.Das got the airline to start making speculative bets on the price of oil. That decision was good for the bottom line: One year, the company made more money from trading than it did from selling tickets on its planes.But in the long run, Das says on today's show, this was part of a much larger shift in the global economy — and that shift turned out to be a disaster.