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.
October 5th, 2011
Episode 414 of 964 episodes
On today's show, we visit a place where global economic forces converge: Colo, Iowa.The price of farmland in Iowa has doubled in the past few years. People rush to outbid each other at real-estate auctions, and land owners become millionaires in a matter of minutes.We look visit an auction, look at the broader economic picture, and ask an unavoidable question: Is it a bubble?