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.
June 18th, 2013
Episode 605 of 902 episodes
Mike Smith lives by himself in a small house in a small town in Kentucky, near the Ohio River. He makes about $1,000 a month, owns his house outright, and doesn't carry any debt. He suspects that his brother and at least one but maybe all of his three grown children have stolen money from him.Over a period of about a year he made exactly six transactions that cost him over $100 — a property tax bill, an insurance payment, a couple big-ticket repairs. And there was the $109 he spent on a pet lizard, which he planned to use as an investment by breeding it and selling its offspring.On today's show, we look at how people create their own financial systems from scratch.Mike has thousands of dollars stashed around his house in different "accounts." Tamara Bullock and Patricia Hamilton are part of an informal savings club. Miguel Rada has a whole bank in his pocket — he takes deposits from some people and lends to others.Mike's story comes to us via theU.S. Financial Diaries Project. (His name isn't really Mike Smith, by the way; the project gave him a pseudonym so he could remain anonymous.
Have you trembled ‘round the campfire as the ghost stories are told? Do tales of horrors wrought by nature and beyond strike fear in your soul? Is it best when you are afraid to turn out the light? Thrill to stories that strike at your deepest fears, as host Stephen Kilpatrick brings the best of horror fiction to your ears and your mind, read to you by the most chilling narrators that podcasting has to offer. <br /> <br /> Podcasting the finest in genre fiction, Tales to Terrify is where the depths of horror reveal the truths of good, evil, and the human spirit in the District of Wonders podcast network. Like all shows in the District of Wonders, Tales to Terrify is supported by a welcoming community of dedicated fans and contributors. Subscribe today, and begin your journey through the spine-tingling depths of storytelling.<br /> <br /> Everyone has a story in the District of Wonders. Come and find yours.