On today's show: A financial crisis that began with the popping of a huge housing bubble and led to a stock market plunge and a banking crisis.
That's right. It's a show about Japan in the 1990s.
We talk to Adam Posen, who argues that the U.S. can learn a lot from Japan's mistakes. Posen is an economist at the Peterson institute and the Bank of England.
Subscribe to the podcast. Music: The New Pornographers's "Crash Years." Find us: Twitter/ Facebook. Note: This podcast originally aired in February, 2009.