Weekend reading, Joseph Stiglitz on the economic crisis

AMERICAblog's favorite economist has an excellent summary of how we got to where we are today and where this is going. It's a long article but also, a long history. John McCain loves to talk about the Reagan years as if it was yesterday and while we may be twenty years down the road from Reagan, it's the mindless faith in ideas brought in back then that ushered in this era. Business is unable to function properly without regulation and self regulation? Don't even get me started.

There is no easy way out but we can still take the wrong path and make this bad situation even worse. Read on and stay alert as our political leaders talk about next steps. We're all in this together and we all need a solution that works for us as a country.