Freakonomics blog – October 15, 2008
When the financial crisis was just beginning to appear, I did one of the smartest things I’ve ever done: I asked my colleagues Doug Diamond and Anil Kashyap to explain to me what was happening.
What they said was so enlightening that I begged them to write it up for the blog, which they did. Their guest post proved to be wildly popular among readers, rising to be the second-most-emailed article on The New York Times web site. As far I know, no other Freakonomics post has ever come close to making even the bottom of the most-emailed list.
Enough important events have occurred since their original post that we asked them whether they couldn’t bring us up to speed on where the financial crisis stands today, what the government is doing and why, and the long-term prospects for the economy.
I didn’t think it was possible, but this second blog post is even better than the first one.
