In 1934, Werner Zimmermann and Paul Enz created the WIR currency to help stabilize Switzerland’s economy through the pangs of the Great Depression. Today, the WIR still circulates, strengthening and stabilizing local commerce throughout Switzerland. In this episode, we speak with Volker Strohm, Head of Corporate Communication for the WIR bank. We ask him about how the WIR works and potential applications for today’s economic problems.
Economics touches all of our lives. Shouldn’t it be easy to understand? Turns out, it’s mostly common sense. You just need the right person to explain it to you. And that person is Howard Yaruss. Howard Yaruss is an adjunct professor of economics who’s written a book called Understandable Economics: Because You Can’t Improve a System You Don’t Understand. In this episode, we ask him to dispel some common misconceptions about economics and explain why it’s so important for all people to have a solid understanding of this field of knowledge.