I started listening to NPR’s Planet Money podcast to understand why The Reserve money market fund broke the buck. I’d read several recommendations for the Planet Money’s analysis, but the financial crisis didn’t shock me until a major money market fund failed to meet my lowest expectations.
My second shock came when I heard a collaborative investigation by NPR and the New York Times that focused entirely on one link in the world’s economic mesh: between Kenosha and Dublin. The story was compelling and illuminating, aside from its personal relevance. It was also riveting to hear how millions of dollars (on paper) moved in 2007, along with me, from the northernmost suburbs of Chicago to the city of Dublin. (more…)