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.
April 9th, 2013
Episode 580 of 922 episodes
Since the start of the year, the Japanese yen has risen by about 12 percent against the dollar. The euro has fallen by about 1 percent. Then there's bitcoin, a virtual currency that doesn't even exist in the physical world. In the past few months, the value of bitcoin has risen by more than 1,000 percent — from less than $20 per bitcoin a few months ago to more than $200 today. On today's show, we ask: Is a skyrocketing value a good thing or a bad thing for bitcoin?