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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.


#348: 'History Is A Battle Between Creditors And Debtors'

February 25th, 2012

Episode 453 of 974 episodes

"History is a battle between creditors and debtors," Philip Coggan says on today's show. "Every so often these two clash, there is a crisis and the whole system is remade."Coggan, who writes the Buttonwood column for the Economist, is author of the book Paper Promises: Debt, Money, and the New World Order."We had a crisis in the 1930s, in the 1970s and we've got another one now."We're not even close to resolving the latest crisis, according to Coggan. The debate over debt is "what politics and economics are going to be about for the next 10 years," he says.

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