There's no doubt about it. We're living in interesting times, as the Chinese curse goes, and they won't be going away any time soon. Most of us can't afford to ignore what's happening here. So, below, I have highlighted a number of blogs and podcasts that help make intelligent sense of this economic debacle. Here they go...
- Planet Money: NPR is doing a great job of covering the unwinding global economy. The Planet Money blog is a good read, and it includes an essential reading list. But the accompanying podcast is one that I follow regularly. It's a must. And it's generally entertaining. You can access it here: iTunes - Rss Feed - Web Site. (Note: the last episode is not the best example of what it's usually about.)
- EconoTalk: EconTalk was voted "Best Podcast" in the 2008 Weblog Awards. Hosted by Russ Roberts (out of George Mason University), the show "features one-on-one discussions with an eclectic mix of authors, professors, Nobel Laureates, entrepreneurs, leaders of charities and businesses, and people on the street." You can access the show via the following channels: iTunes - RSS Feed - Web Site.
- The Baseline Scenario: Dedicated to "explaining some of the key issues in the global economy and developing concrete policy proposals," The Baseline Scenario is written, among others, by Simon Johnson, former chief economist of the International Monetary Fund, who is now a professor at the MIT Sloan School of Management. Although relatively young, the blog has received a fair amount of acclaim as the financial crisis has unfolded. You may want to particularly check out their collection of content called Financial Crisis for Beginners.
- Realtime Economic Issues Watch: Here, senior fellows of the Peterson Institute for International Economics (a think tank based in Washington) "discuss and debate their responses to global economic and financial developments as they occur each day and offer insights that others might overlook." You will find some of the folks from the Peterson Institute also appearing on the podcasts and blogs mentioned elsewhere on this list. Find the RSS feed here.
- Paul Krugman: A Princeton University economist, a Nobel Prize Winner, a New York Times op-ed writer, Paul Krugman is blogging the global financial and economic crisis daily. It's an opinion that you can't afford to take lightly. You'll also want to see his newly released book, The Return of Depression Economics and the Crisis of 2008.
- Economists' Forum: Run by the Financial Times (UK), this blog brings together a large number of economists who offer a running commentary on the state of the fragile economy. The Wall Street Journal has its own real time blog here.
- Fallout: America's Financial Crisis: Marketplace, the nightly radio program on public radio (iTunes - Feed), also hosts a blog that tracks the week's top stories on America's financial crisis.
- NewsHour with Jim Lehrer: The PBS nightly news program almost always includes an informative segment dedicated to the financial news of the day. The coverage, which typically includes interviews with experts, is excellent. You can download the podcast here: iTunes - Feed - Web Site
- The Becker-Posner Blog: While not updated as frequently as Krugman’s blog, The Becker-Posner blog is a great place to read the thoughts of two Nobel prize winning economists (Gary Decker and Richard Posner) discuss the current economic crisis. Thanks Bryce for the tip.
- This American Life: One of NPR's beloved programs has offered some excellent coverage of the financial crisis. It started with a show called The Giant Pool of Money (May 2008), and it has since included a program called Another Frightening Show about the Economy (November 2008). Now there is a new one called Bad Bank, which explains what's really happening in the trainwrecks that are banks. These programs were put together partly by members of the Planet Money podcast mentioned above.
Are we missing something good? Please let us know in the comments below...