Take an hour to understand what's going on

A group of Princeton economists look at the causes of the financial crisis, and what should be done about it. (And when!)

(This is also available on iTunes U.)
It looks as if the really urgent steps have already been taken – nationalizing Fannie, Freddie, and AIG – and we can afford to spend a few days getting the next steps right. As Paul Krugman observed, we actually have a fair amount of experience in dealing with financial crises, and we ought to relate the current events to known patterns and solutions, rather than making things up as we go along.

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