On today's Planet Money, we meet a single mother who makes $16,000 a year — and who managed to fund a vacation at a Caribbean resort with an interest-free loan from one of the world's largest banks.
Edith Calzado gets credit cards with teaser zero-percent interest rates — then transfers her balance before the rate ticks up. She signs up for store cards to get discounts — then pays off her bill on time. She gets food stamps and lives in subsidized housing. Her son is doing well in school.
On today's show: Three short stories about trying to figure out what things are really worth.
When Lady Gaga writes a song, does that count as economic output? Is a $20 bill worth $20 in Myanmar? (Spoiler: Probably not.) And how should a young grad decide what to do with his life?