Alert reader Raghav Krishnapriyan provides a useful list of links for understanding the financial crisis:

Anyway, one great thing about this crisis is that for the first time, we have an excellent economic blogosphere (featuring Nobel laureates and former Clinton and Bush administration officials, among others) to cover it. In addition to [Paul] Krugman, these are some of my favorites:

Megan McArdle:

Tyler Cowen and Alex Tabarrok:

Brad DeLong:

The anonymous contributors at Calculated Risk:

Gary Becker and Richard Posner:

Yves Smith at Naked Capitalism:

Greg Mankiw: