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.
December 18th, 2012
Episode 543 of 964 episodes
On today's show, we visit Fire Station Six in Contra Costa County, Calif.Firefighters don't go to fires as much as much as they used to. That's because, thanks to modern building codes, fires are not as common as they used to be. Yet the fire dept is still set up the same way: big trucks, lots of fire stations, and lots of firefighters who retire with lifetime pensions.Rather than close fire stations, the firefighters in Contra Costa County agreed to take a pay cut a few years back. But the county still couldn't afford the fire department.So the firefighters came up with a new plan: Ask the local citizens to support the fire department by paying higher taxes.