Thursday, January 27, 2011

What is Money?

Here is an excellent episode of This American Life on the topic of "What is Money". They cover:

Prologue: The use of giant stone sculptures as money, impractical though such a practice may be.
Act I: The creation of a currency fiction to solve Brazil's problems with its voluble currency valuation.
Act II: The Federal Reserve's actions in response to the recent fiscal crisis.

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