UNDERSTANDING THE BOOM-BUST CYCLE
Upheavals in how the U.S. economy operates have transformed Americans from wealth creators to creative borrowers. This course looks at how the repeal of the Gold Standard, a bulwark of the world economy since the Industrial Revolution, has helped replace capital accumulation and investment with credit-fueled consumption. We will look at how this change, combined with an unprecedented wave of deregulation has caused a disconnect between speculative finance and the real economy, massive inequality and systemic instability.
Instructor: Ibrahima Drame
Date: Mondays: 2/17, 2/24, 3/2, 3/9, 3/16
Time: 6:30 PM – 8:30 PM
Registration fee: $5
Payment or proof of payment must be provided at first session.