In the 70s and 80s, this movie was on nonstop for a two-odd month period of time. Even Frank Capra, the director at one point, he was reported as telling the Wall Street Journal, "This film has a life of its own now" Did its wonderful life predict one of the most famous Planet Money episodes ever? Find out coming up.
Welcome to the Planet Money Movie Club, a regular series from Planet Money+ in which we watch an economics-related movie and discuss! On today's episode, Kenny Malone, Wailin Wong, and Willa Rubin talk about Frank Capra's 1946 classic 'It's A Wonderful Life.' They discuss CPI adjustments, how a copyright lapse helped make the film more popular, and what exactly a 'Building and Loan' is.
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