#362: Should Iceland Kill The Krona?




Planet Money show

Summary: <p><span style="font-size: small;">Iceland has about as many people as Staten Island. </span><span style="font-size: small;">It also has its own currency, the krona. This raises a question: Does it make sense to have a currency that's only used by 300,000 people?</span></p><p><span style="font-size: small;">After the country's economy blew up in the financial crisis, the government put the krona on lock down. Now, they're trying to decide whether to stay with the krona, or abandon it, and use someone else's currency.</span></p><p><span style="font-size: small;">Today's show features special guest host Baldur Hedinsson, a</span><span style="font-size: small;"> former Planet Money intern who recently moved back to Iceland.</span><span style="font-size: small;"> We also hear from his sister, who is working in a town where people walk around with rifles to ward off polar bears. </span></p><p><span style="font-size: small;">And we talk to Robert Mundell, who <a href="http://www.nobelprize.org/nobel_prizes/economics/laureates/1999/press.html" target="_blank">won a Nobel</a> for working on questions like the one Iceland </span><span style="font-size: small;">is facing.</span></p>