U.S. Economic Policy Since the Crash: An Abstract
Sponsored by Department of Economics and the Will Lyons Lecture Fund
Monday, March 3, 2014
We now know that when 2008 Presidential Candidate Barack Obama promised "change you can believe in," he was not referring to the financial crisis or how his administration planned to manage its fallout.
This talk will critically evaluate what has been essentially a bi-partisan approach to resolving the crisis, the collapse of housing prices, corruption within the mortgage industry, the reregulation of finance, and the ongoing failure of the U.S. economy to generate sufficient employment.
Besides "pay-to-play" politics exacerbated by the ignorance of most Congressmen, it will be argued that post-crash policy-making has been rendered ineffective and inadequate at least in part because of flawed ideas and the consequent failure to imagine alternatives to the status quo ante.
This event is open to the public.