Global Depression

In the end, this article in The Atlantic details a global collapse of the economy that may well dwarf anything ever experienced in the modern era. Damn near each and every paragraph was worthy of quoting. So, instead of trying to select any one, I am just suggesting you go read the whole thing. Yes, it's four pages long, it's about the economy, and it's written by an economic wonk, but I found it engaging, informative, and - quite surprising- easy to understand.

Because I believe this is an important story, I am going to hat tip a blogging elite: TPM. Seriously, don't expect the likes of this anytime soon. Or ever.