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#525: Trouble Inside A Babysitting Economy

#525: Trouble Inside A Babysitting Economy

Planet Money vor 12 Jahren

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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."