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.
October 29th, 2008
Episode 38 of 911 episodes
As expected, the Federal Reserve lowered the interest rate we all care about by another half point, to 1. Economic historian John Steele Gordon says the idea is to get people to borrow money again — responsibly this time, please. Plus: What's a yen-carry trade?