VivirLatino

Still Confused about the Economy?

15:38 H | Topics: Business

Never you fear, La Macha has been sitting through hours and hours of television, radio shows and reading newspapers to try to figure it all out for you!

The latest greatest explanation comes from This American Life from NPR Radio in Chicago. In a show aptly entitled, "Another Frightening Show About the Economy," Ira Glass and guests explain the latest Wall Street Freak Out (in the form of the commercial paper market) in easy to understand terminology that gets to the core of how economics in the U.S. work and why said economics in the U.S. is collapsing into hell.

I haven't listened to the entire thing yet--the part I'm looking forward to hearing:

Act Four. What's Next?

Ira and Adam answer the question: Was the $700 billion bailout bill signed into law today a good idea or a bad one? (10 minutes)

Some how, I think I already know the answer to this--and it's not one I will be happy with.

Related

• Obama's New Ad Explains Keating Economics (Tuesday, Oct 07 2008)
• Still confused about the bailout plans and how it might affect you? (Wednesday, Oct 01 2008)