What's a Business for #2

August 27, 2009 by dunkinwong   Comments (1)

With all the news we've been hearing about the economy recently, I thought I'd pass these two episodes along of my favorite show along. I think alot of people are turned off at the mere mention of economics or financial markets because these sciences are not intuitive or readily observable in people's everyday life.

These two episodes do an awesome job of explaining, in very concrete and understandable terms, what is going on.

355: The Giant Pool of Money
365: Another Frightening Show About the Economy

The article in my previous post What's A Business For? is talking about exactly the kind of culture that we are now realizing has gotten us into this mess. Wall street has lost sight of what the primary function of a business is for, creating phantom wealth through a system that ends up leaving a hapless public feeling swindled and dumbstruck. The economists are right when it's a problem of consumer confidence, but not just in banks but in the system as a whole.

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