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Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. When America’s financial structure crumbled, the damage proved to be not only deep, but wide.
How did the worst economic crisis in postwar American history happen? How did economics and politics interact to create one big mess, not just for America but also for the global economy? And what did the government do to fight it, and what we can do from here—mired as we still are in its wreckage?
Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University and the vice chairman of the Promontory Interfinancial Network, a financial services firm based in Arlington, Virginia. He served as the vice chairman of the Federal Reserve’s Board of Governors from 1994 to 1996 and was a member of President Clinton’s Council of Economic Advisers. He writes a regular monthly op-ed column for The Wall Street Journal and appears frequently on PBS, CNBC, CNN, Bloomberg TV, and elsewhere.
Speaker: Alan S. Blinder
Carnegie Council for Ethics in International Affairs
170 East 64th Street
New York, NY 10065-7478
(212) 752-2432 - Fax
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