DOCUMENTARY; Thurs., Nov. 5, 8.35 PM; ABC1
PRESENTER: David McWilliams
A fog of incomprehension descends on many of us whenever anyone mentions the economy. But if the value of your home, your super and your savings has tumbled into the financial abyss and you want to know why, this is the series to watch. Using simple analogies and snappy graphics, Irish economist McWilliams identifies our addiction to the toxic drug of easy credit as the root cause. The talking heads - they include everyone from a Harvard professor to a Lehman Bros executive and an Australian bank manager - are easy to warm to and easy to understand, demystifying such mysterious terms as derivatives, subprime mortgages and leveraging.
If the Wall Street Journal is your bedtime reading of choice, Addicted to Money will be insultingly oversimplified, but if money talk is all Greek to you, McWilliams is the perfect translator.
Hannah's Review: ****





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