Over and over it’s obvious that the vast majority of people I speak with have no real idea what the current financial situation is all about, how it happened, and how it works.
It’s not often I’ll ask people to take the time to listen to an audio show, no matter what. But in this case, I think it’s important enough. With all the media discussion about the gloom and doom of the current economic mess, there’s been little or no meaningful education about what caused it and where we are now. Panic reporting doesn’t prepare anyone. History and analysis does.
So: Listen to two audio episodes of a show called This American Life, which are linked below, and you’ll be a much more aware citizen. You’ll find yourself much better prepared to think about where we are and where we’re going. Understanding how we got here is critical to understanding where we’re going, and why.
I hope this is helpful to at least one person. I know I found the reporting and explanations cogent, thoughtful, understandable, non-partisan, and non-political, and — as a result — quite valuable.
- 10/3/2008 – This American Life: Another Frightening Show About the Economy
- 5/9/2008 – This American Life: The Giant Pool of Money