Have you heard that the economy's in trouble? I know it's hardly on the news so you might have missed it. What the news tends to say all the time is things are bad. Even the analysis stories don't do a good job of explaining what the hell just happened or what it means. For that, I give you This American Life.
Back in may the NPR radio show did an episode called "The Giant Pool of Money" that did an amazing job explaining the mortgage crisis in terms I could really understand. I've been referring to it constantly as my starting base for everything that's happened in the economy since then. And last week This American Life did an episode called "Another Frightening Show About the Economy" that explains things like the bailout and credit default swaps.
So if you have any interest at all in what's going on in Wall Street or you just want to sound smart in front of your friends, there is no two hours of your life better spent than listening to these podcasts. The first show is archived so you'll have to pay 95 cents for it, but the second show is still free. You can find them in iTunes or here and here. Just think of the 95 cents as your way of helping the economy.
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