Friday, October 10, 2008

Economic & Political Shorts

Here's a really great This American Life from 10/3 that explains in understandable terms what's going on (or was going on last week) with the financial crisis.


In the This American Life above they talk a lot about how most economists like this stock purchase plan better than just giving away $700 billion (and how it sneaked into the bill signed last week).

On the surface it reeks of socialism (and odd that it's happening during a Republican administration), but does it really? Isn't it more capitalistic to expect to get something in return for giving the financial industry $700 billion?


Who's angry now, Mr. President?


We all new this was going to happen.


But we hadn't counted on this:

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In 1789, the governor of Australia granted land and some animals to James Ruse in an experiment to see how long it would take him to support himself. Within 15 months he had become self sufficient. The area is still known as Experiment Farm. This is my Experiment Farm to see how long it will take me to support myself by writing.