March 22, 2010
Dean Baker to Discuss False Profits at Public Citizen
1600 20th St NW
Washington, D.C. 20009
CEPR Co-Director Dean Baker discussed his new book False Profits: Recovering from the Bubble Economy, in which he recounts the causes of the economic meltdown, dissects the government's inadequate responses to it and offers a thoughtful progressive program for rebuilding the economy and reforming the financial system.
Baker said he was compelled to write this book because, “The people who somehow could not see an $8 trillion housing bubble still could not understand the bubble even after it wrecked the economy. It was as though their house had burnt down in a fire and they were checking on the burglar alarm."
Robert Weissman, president of Public Citizen, moderated.