As an aspiring economist, I have been asked of late to share any thoughts and insights I might have on the present financial crisis. The truth is, I don't know all that much about macroeconomics, and I know even less about financial economics. (My research interests are much more humble in scope.)
Before the afternoon session of General Conference today, Maile and I listened to This American Life on the radio. This week's episode, "Another Frightening Show About the Economy," is dedicated to the recent financial events, their causes, and their implications. To date, we have not read or heard a better, clearer explanation of the truly complicated and quickly changing situation in any newspaper, news program, online article, or magazine (including The Economist).
Download or stream the show at:
www.thislife.org/Radio_Episode.aspx?episode=365
Or download it at:
podcast.thisamericanlife.org/podcast/365.mp3 (27.8 MB)
What exactly is going on? Why do we have to worry about it? What is at stake? Whose fault is the crisis? What, if anything, could have been done to prevent it? Is the bailout good or bad? Now that Congress has passed the second version of the bill, what's next? The show gives engaging and understandable--yet worrisome--answers to all of these questions. If you're interested in learning more (and everyone should be), take an hour to listen to it.
1 comment:
I'm half through it(where do people get the time to listen to this every week?) I love it and I've even used it to explain to others about the crisis!
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