
Darian Woods
Darian Woods is a reporter and producer for The Indicator from Planet Money. He blends economics, journalism, and an ear for audio to tell stories that explain the global economy. He's reported on the time the world got together and solved a climate crisis, vaccine intellectual property explained through cake baking, and how Kit Kat bars reveal hidden economic forces.
Before NPR, Woods worked as an adviser to the Secretary of the New Zealand Treasury. He has an honors degree in economics from the University of Canterbury and a Master of Public Policy from UC Berkeley.
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On today's show we answer questions about silver dollars, Venmo, and Brexit. Why? Because you asked!
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There's a number you could call the most important number for the economy. It's the Federal Reserve's inflation target. The story of how it came to be is a bit random, and begins in New Zealand.
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The Federal Reserve spends a lot of effort trying to target the level of inflation to about 2 percent. Why? Because tiny New Zealand did it first.
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Do recessions have to happen? Is it possible for a country to just not have economic downturns? Australia has gone nearly 30 years without a recession. So what can we learn from it?
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Australia hasn't had a recession in 27 years. Good policy? Or just good luck?