"Last month, I was in South America. I was in Santiago Chile, which is a beautiful city. There are parts that actually reminded me of Beverly Hills, you know, glass towers and palm trees and ton of shopping malls. I know I'm from Argentina and the shopping malls in t- lay are like legendary. So I was driving around Santiago with Corolla when tests she's a journalist and filmmaker who's done some amazing reporting until as a Konami. Okay. So now, we are arriving to the Dow co with this very very big mall, and we are going to McDonalds. So you went to a foreign country, and you went straight to McDonald's. I know I know it's pathetic. But I wanted to test out something that I had heard about Chile that I found really hard to believe what I've heard about McDonalds into lay is that we can buy food here. And then we can pay for it in installments, right? You can pay in three stolman. No interest though, or you can pay nine stolman with Inter's. I could buy a hamburger and pay for it in nine installments, right? So we pull up to the window to order. Well, now when I'm -nificant, but I'm he would send was Poile. You'll know maybe that would follow CBS and Mike credit card did not work. So we used Caralis I will be paying for this interview for nine months. I paid her back. But this is the reason I was in Chile it has some quirks that are just really interesting to an economics reporter. I mean, come on. They financialised the hamburger it's like this wonderland of free market capitalism. A rich developed country that is the envy of its neighbors like Argentina and Venezuela. But all this came out, a real cost, and that story is one of the strangest and most dramatic stories in economic history. Hello and welcome to planet money. I'm new well king. And I'm jasmine karst today on the show we go to Chile a country that was one of the battlegrounds of the Cold War the war between Marxism and capitalism between dictatorship and freedom. And in Chile there were a communist on the front lines of this war. Most of them had trained at the university of Chicago. They called them. The Chicago boys. This message comes from NPR sponsor CFP when Morgan McGovern of CFP board earn her certified financial planner certification her favourite part of the process was completing the experience requirements where she got to build relationships with clients the background that a sea of p professional has allows them to take a comprehensive approach to creating a financial plan, which establishes a relationship with each client, helping these clients create a roadmap for their financial future. Discover how a CF p professional can help you create a financial roadmap at let's make a plan dot org. Hey, it's Kenny Malone from planet money the podcast. You're listening to right now with your ears because we are a podcast. However, we are also occasionally a video series, and we have a brand new season of planet money shorts out right now, the covers everything from the tooth fairy and tooth inflation to the man who invented expensive, odd key and convinced us all it was worth paying for. I am in that vodka episode a grew beard for it. And I shaved my beard for it. If you'd like to see that it is at NPR dot ORG slash planet money shorts. That's NPR dot ORG slash planet money shorts. Jasmine, you were the person who I told me about the Chicago boys to the honest. I was a little surprised you'd never heard of them. These guys are super famous in economic circles in South America. So I started reading about them in right away. I thought two things I thought this might be the craziest story about economists that I've ever heard, and I thought I have got to meet t skies. So I spent a couple of months calling around the Chicago boys are old now they're in their eighties. And most of them didn't want to talk to me, they have their reasons. But then finally one of them said, okay. Interest and the. This is very nice building. Okay. And that is how I ended up in Santiago three oh one. Oh, oh. Oh my"