Succinct - Rotten Circuits — LiveJournal
A succinct overview of the collapse of credit:http://www.boingboing.net/2008/09/23/what-went-wrong.html
Maybe I'll start posting links here again, when they're educational. You could do worst than starting athttp://www.chrismartenson.com/crashcourse
I read the boingboing one so far, and it's a decent introduction to money, but I also think it overlooks both some important historical aspects by making it all seem too contrived and controlled (and therefore sinister in intention rather than result). The summary also doesn't really address at all what led to the current crisis rather than simply providing what generally makes money prone to booms and busts and, from another point of view, simply an unsustainable long-term project. While these things are very true and may even become remarkably relevant within the remaining timespan of our generation, again, I'm not sure they're exactly relevant to the immediate financial crisis in a narrow enough way to provide useful information.
I like this primer a lot more
! But I'm very picky.
I'll check out the crash course later, though!
Well, it's not like you really need a primer any more...
I try and read all of the links you post - they're invariably interesting or educational.
The crash course it great, once you get past the first few episodes explaining the maths behind the economics, and if you can tolerate Martenson's repeated insistence that "The Next 10 Years Will Be Radically Different From The Last 10 Years!" He ties together the socio-geographical, economic, and resource and environmental factors to show why there's really no use in sticking our heads in the sand - in fact, at a lot of points, watching it made me feel like there was no use having our eyes open either! There are still two episodes to come, in which he summarises and lays out his views and suggestions.