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Planet Money

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Business, News & Politics

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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.

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#320: How Fear Turned A Surplus Into Scarcity

January 22nd, 2013

Episode 554 of 910 episodes

Today on the podcast, the story of one of the most destructive and mysterious food shortages in recent memory. Colbert described it on hisThreatdown segment: The global food shortage is finally becoming an important story, because now it is affecting me. Costco and Sam's Club are now both rationing rice. You can't buy more than 80 pounds in a single visit. How am I supposed to make my famous kiddie pool paella?!? The most mysterious thing about this shortage of rice: There was more than enough to go around. It is the epic story of a shortage that wasn't. In this global caper of good intentions gone wrong, there are shadowy trade deals, corrupt government officials, and warehouses full of rice in a country that didn't want it. Note: Today's show is a rerun. It originally ran onNovember, 2010.

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