Or rather, I love money. I would like a whole lot more of it. But I hate thinking about it. I loathe paying bills. I don’t like worrying about investments or retirements. I just hope for the best. So the whole global money crisis? I kind of understand it, but I usually just keep going when people start talking about it.
This American Life, which is my favorite radio show, did a story a few months ago about the whole mortgage crisis. They explained it in an easy-to-understand, interesting and delightful way (well, as delightful as the situation can make it.) The episode takes a whole hour, but instead of watching another Law and Order rerun tonight, how about you curl up with your laptop and have a listen? You will be so very glad you did. No matter who you are, you’ll learn something. Click here to have a listen.
I’d recommend continuing on with another installment here of This American Life about the economy. This episode was made a couple of weeks ago. This isn’t sensationalistic journalism, but rather an explanation of the current situation thoroughly and easily explained through personal stories and interviews. Not the least bit boring. If your entire knowledge of a run on banks has to do with Jimmy Stewart and Donna Reed not being able to go on their honeymoon, then you need to listen to this broadcast. Remember, I hate even thinking about money. So if I recommend it, it must be good!
If you have teens, you should require them to listen to at least the first one of these so they have a good idea of what’s going on. Even pre-teens could probably understand these episodes.
*Thanks to Barb, my bestie from high school, for the links to these.