Understanding our financial predicament
The team over at This American Life delivered another exceptional episode explaining our global banking shitstorm [ed: excuse the technical terminology].
This American Life : Bad Bank : Episode 375
There is great value in explaining an extremely complex subject in simple terms, and these guys deliver. Required education (in my humble opinion) to anyone who pays taxes or votes or will do those things some day.
Another gem from the archive is the Giant Pool of Money episode that neatly explains how we got into this mess.
Listen to both of these with an open mind and see how it impacts your understanding and opinion on the subject. I realized I had some fundamental gaps in my understanding that I was trying to cover over with flawed assumptions. I wonder how many members of Congress are in the same boat.
Filed under economics, politics, sites i like : Comments (0) : Mar 8th, 2009 by tadfad
