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 16th, 2008
Episode 69 of 902 episodes
The Federal Reserve sliced its benchmark interest rate to the lowest on record. Housing starts notch a historic low. Consumer prices fall again. But Ian Shepherdson says we're still not in deflation yet. Nor are we near the bottom. Plus: A Barnard professor explains the kind of trade a Bernard Madoff might have been making. It's complicated, but you'll get it.