Thursday, September 18, 2008

An Explanation of What's Happening

This is the simplest, clearest explanation of this past week that you're going to find, courtesy of some University of Chicago macroeconomists:
http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/

Update: Sok sends me a Biblical perspective on the crisis.

1 comment:

David Rudel said...

My guess is that it will not be the most welcome view in the world, but here is my take on what Christians can take from the economic crisis.

I don't focus on blame, or economic mumbo-jumbo, but on what Christ might have to say about the silent philosophy behind the whole mess: The American Imperative to own your own house.