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.
July 6th, 2009
Episode 156 of 960 episodes
Should good teachers make more than bad ones? The Obama administration says the nation needs to start rewarding merit, and economist Michael Podgursky of the University of Missouri agrees. It's just that there's no simple means of carrying that out. Plus: A listener has an economic riddle. If colleges compete for students by making it easier to get degrees, then employers can't necessarily tell who's better qualified. What would an economist call this problem and how can it be fixed? Robert Frank, author of the Economic Naturalist's Field Guide, has an answer.