I just ran across this little clip which does a great job of explaining what’s going on with the whole subprime drama–check it out.
Yeah, that’s a good one. I have almost no idea of what actually goes on in our financial system, and this makes it very clear.
I think we need to insist that Economics be taught in school right alongside readin’, writin’, and ‘rithmetic. (Or at least, make sure the basics are available someplace, as you are doing here.) We can’t afford to be such ignoramuses about things that affect our lives so deeply anymore.
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