Interesting editorial by David Stockman, Ronald Reagan's director of the Office of Management and Budget. Remember him?
http://www.nytimes.com/2010/08/01/opinion/01stockman.html?pagewanted=1&_r=1
if you are a ron paul supporter you may have already seen this series of vids that explain the economy. about an hour but worth it:
http://www.ronpaulforums.com/showthread.php?p=2820191&posted=1#post2820191