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.
March 19th, 2014
Episode 675 of 911 episodes
We all know how lousy a recession feels. And we know how much long-term damage a recession can cause. But there's still a lot we don't know about recessions — like, if you're in a recession, what's the best way to get out? Today, we tackle the question of how to escape a recession, by going small. Economist Tim Harford walks us through two tiny self-contained economies, a babysitting co-op and a prisoner of war camp, facing what he calls "toy recessions."