Wednesday, September 17, 2008

Very briefly on economics

Back in May, the best show on the radio, This American Life, dedicated an entire episode to the most comprehensive and comprehensible explanation of the Housing Crisis I have heard. The popularity of this episode has spawned a new podcast and blog on NPR--Planet Money. One particular entry, "Who Can I Blame?" is particularly timely as the McCain/Obama show attempts to entertain us with stories about how the other is to blame and how they themselves are not.

Good reading although I don't know if I can go along with the bit about how other countries share the blame for limiting investment. Part of me reads that as "shame on you for being wary of the possibly corrosive affects of the Global Economy and exercising some of the same regulations that may have kept us out of this mess." But I could be wrong.

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