The host of a nationally syndicated radio talk show I was listening to recently said he couldn't understand how so many banks have gotten into such deep trouble; that every time he hears an economist trying to explain what's happened to the economy, he gets more confused; and that he wanted "smart people" who were listening to send him an explanation he could understand.
For some reason, I knew I had to speak up, not because I think I'm so smart, but only because I'm so opinionated. And I had this hunch that he would read my email.
Well, the host comes back from commercial break and says he's received over a hundred emails in just the last few minutes, but this one made the most sense to him, and "It's from Mike in Ann Arbor, where there are lots of smart people," and proceeded to read my email over the air to millions of people! Part of my fifteen minutes!
Here it is:
It's so simple it's ridiculous. Everyone got caught up in speculation, including those formerly conservative investment bankers. The solution is simple, too. We must return to an entrepreneurial economy, and regulate speculation (like commodities, hedge funds and indexing). Entrepreneurs create jobs. Speculators feed off an economy without contributing anything of value.
There you have it. A blog about an email being read on the radio and simulcast on web TV.
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Well I think you're "so smart"! ;-)
What show were you on?
Posted by: Jason Edwards | March 06, 2009 at 01:02 PM