This is far from my area of expertise, but I’ve been trying to get a better grasp of the economic situation we’re in, and how we got here. Depending on where you get your news, it’s easy to find an email or article to point blame on a person or group. I received an email the other day, placing much of the blame on Barney Frank and Chris Dodd for missing the signs from Fannie Mae and Freddie Mac. And giving kudos to those on the right for recognizing the signs before the democrats. One thing I do understand is that there is plenty of blame to go around, and the crisis was too large to place blame on a few people or one party. For a layman like myself, there has been one source for explaining the economic crisis in simplified terms. This American Life. Which is not only a great radio show, but makes a great podcast for long marathon training runs! The radio show produced two outstanding shows that explain the housing, credit and economic crisis through simple stories and language.
Show 1: Housing Crisis & the Giant Pool of Money
Show 2: Credit Default Swaps and CDOs
The team behind these two shows have also started a blog called Planet Money which has been helpful in tracking daily events, news and stories that relate to the status of our economy.
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February 7, 2009 at 9:26 pm
Keynesian Economics and the Stimulus Plan « Piece of Ash
[...] the duo that brought the brilliant podcasts about how we got into our current economic mess (see previous post), released a new report, making sense of the stimulus plan. Specifically, where does this [...]