i pride myself in having some knowledge abt economics, having studied that for a good part of my life. in fact i was just one class short of making it my minor in college...( i just could not justify paying $2500 for that one class... that was bad economics according to me)

however the economic crisis has left me in a stump. i am totally lost as in what the govt should do at a time like this. i am a firm supporter of the classical theory and adam smith's "invisible hand" theory but now i think that is a route america cannot afford to pursue... i do not know what to think anymore.

"this american life" have a great episode abt this crisis. an excellent report, worth an hr of your time to listen to.

http://www.thislife.org/Radio_Episode.aspx?episode=375