Credit Crisis Explained in Plain English ~ market folly

Saturday, August 30, 2008

Credit Crisis Explained in Plain English

I posted here about a great article that explains the credit crisis in layman's terms. Well, last week, I came across yet another piece that articulates our economic situation in plain English. The way I see it, the more people who understand our situation, the better. That's why I keep posting these links. Please share these reads with anyone and everyone who either is disillusioned or doesn't quite understand what is going on. Here is the piece in the New York Times, written by Tyler Cowen, a professor of Economics at George Mason University.


Anonymous said...

Thanks, I read this NY Times article. Nice thoughts but it didnt really get to the crux of the problem and solutions. Though I did like the pulling cables analogy.