This American Life, a generally awesome hour long story-telling show from Chicago Public Radio, recently partnered with NPR’s All Things Considered to produce an excellent piece on the credit crunch.
Alex Blumberg, Adam Davidson, and Ira Glass clearly explain what happened and what everyone was thinking during the rise and fall of the housing bubble, and what we can expect from the economy next.
It’s no small trick to explain something as complex and obfuscated as the credit crunch, especially without demonizing anyone along the chain of events that led to this problem. But that’s exactly what This American Life did: provided clarity without the fiery condemnations you might get from talk radio or the 24-hour news networks.
If you want to understand what’s going on right now in the economy, I can think of no better way than downloading and listening to this episode of This American Life.