The Global Financial Crisis and its Remedy
Following the fall of Lehman Brothers in September 2008, an unprecedented taxpayer-financed bailout was implemented to save the banking industry from total collapse. Nevertheless, the ensuing credit crunch turned what was already a severe downturn into the worst recession in 80 years. While massive monetary and fiscal stimuli prevented a new depression, the recovery remains disappointingly weak and mired in uncertainty.
In this special seminar, Andrew Mazzone explores viable alternatives to the banker bailout and speculative asset price prop-up approach also known as Quantitative Easing (QE). He proposes a Neo-Georgist model that would impose prudential constraints on fiat money creation by banks, and channel purchasing power away from real estate to stimulate new capital investment and sustainable job creation.
Instructor: Andrew Mazzone |
Sessions: 1
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Dates: Wednesday, February 3, 2016 |
Time: 6:00 PM – 8:00 PM
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Location: Brooklyn Borough Hall |