423: The Invention of Money

423: The Invention of Money

Jan 7, 2011
Five reporters stumbled on what seems like a basic question: What is money? The unsettling answer they found: Money is fiction. Photo: Stone money on the island of Yap.
This episode is produced by the Planet Money team.
  • A trip to a country where the fiction that is money completely fell apart. And in this same country, through a truly incredible piece of policy making, the government tricked a 150,000,000 people into believing their money had value again. Chana Joffe-Walt reports. (16 minutes)EconomicsGovernment

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