Planet Money

Planet Money explains itself like this: "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."

#505: A Locked Door, A Secret Meeting And The Birth Of The Fed No ratings yet.

    Episode Description:

    On today’s show, we tell the creation story of the Federal Reserve — one of the most powerful financial institutions on the planet. The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that’s deeply ambivalent about a central bank, and a secret meeting at an island with a sketchy name.

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