Rnz: The Podcast Hour

I've always been a bit of a sucker for the duty free shop at the airport. And I'm not alone...the global duty free market is worth an estimated US$70 billion a year and that's predicted to rise to over US$110 billion annually within the next 5 years! NPR's Planet Money has been telling stories about the global economy and the forces that shape it for more than a decade and over 900 episodes. And if economics reporting sounds a little bit dry and dull and not really your thing, then Planet Money might surprise you: it's engaging, explains sometimes complex ideas in a way that makes sense and isn't too patronising, and might even make you laugh! So back to the duty free shop- how did this strange idea that air travel qualifies you to save money on booze, perfume and chocolates even start? Robert Smith and Karen Duffin explain on NPR's Planet Money episode number 841 'The Land Of Duty Free' (originally published on May 11th 2018).