Financial Crisis Primer
With the recent financial meltdown, I'd been feeling awfully ill-informed. So I decided to start scouring the web in an effort to understand what the heck is going on, how it all happened and what it all means. This American Life had two recent shows about the crisis. First, there was The Giant Pool of Money
, a show about the housing crisis and what it has to do with the turmoil on Wall Street. Then there was Another Frightening Show About the Economy
which focuses more on the Wall Street end of the crisis. I also came across a piece by Paul Krugman
(who just won the Nobel Prize in economics) in which he uses the analogy of a baby-sitting co-op to explain how economies work (or don't). And then there's this piece by Jim Manzi
on The American Scene who uses a caveman analogy to explain the economy and the recent Wall Street crisis. If you've come across other useful resources to explain the economy and the Wall Street crisis, feel free to leave a link in the comments.