Listened to both of these. Now, I THINK that I have a little bit better grasp of the most dramatic shock to the American economic system since before my parents were born:
The Big Pool of Money
Another Frightening Show About the Economy
Religious listeners of This American Life have already heard them. Great explanations and if that fires you up, subscribe to the
Planet Money podcast and blog from NPR and you'll soon be fretting over the LIBOR and TED spread like me.
Of course, in the grand scheme of things, our current fiscal freakout will seem like so much yesterdays news 20 years from now.
I remember very distinctly freaking out back in 1987 with Brother Codpiece thinking that "This is it - a new Great Depression...."
So if you are wigging about the bailout package or the credit freeze, just do what we did back in college: get stoned, listen to the Nuge, and sit out on the roof of the dorm watching the sunset. It'll all sort itself out.
I think Warren Buffet does the same thing.
2 comments:
Ah yes, the daze of roof sitting and paper airplane flying. But I cant help wonder why the crash of 2008 is so much more terrifying than the crash of 1987? And Brother Loud could I please please get a new nickname?!
Why more terrifying? Cuz we actually own stuff now. Stuff that is decreasing in value.
Can you change your nickname? Didn't you read the nicknames post? Sometimes you get stuck with one you don't like.
But fine. 20 years is long enough.
I dub thee: Sparky. Goes with the whole welding thing.
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