Streams

Episode 525: Trouble Inside A Babysitting Economy

Wednesday, March 19, 2014

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."

Music: Cloud Cult's "Good Friend." Find us: Twitter/ Facebook/ Spotify/ Tumblr. Download the Planet Money iPhone App.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Source: NPR

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