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."

#525: Trouble Inside A Babysitting Economy No ratings yet.

    Episode Description:

    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.”

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