Following the failure of Lehman Brothers in September 2008, a huge taxpayer-financed bailout was implemented to save the banking industry from total collapse. 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 weak, compared to previous post-war upturns.

In this course, Andrew Mazzone explores viable alternatives to the banker bailout and speculative asset price prop-up approach also known as Quantitative Easing. He proposes a Neo-Georgist model that imposes prudential constraints on fiat money creation by banks, and channels purchasing power away from real estate to stimulate new capital investment and sustainable job creation.