Crisis of Credit - the 2008 "Great Recession" Explained

The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis.
Part I:

Part II:

Sept. 29, 2008: Vlogbrother Hank explains the crisis of credit... using hats.  Hank (and Hank and Hank and Hank and Hank) give an extremely simplified account of how we got into such a terribly gigantic financial mess in America.

Vlogbrother John explains his thoughts on the Stimulus Package and Keynesian economics.

In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal.

Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy.

For further reading: Mark Zandi (former McCain economics adviser):

Philosophical overview from the LA Times:

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