The Second Great Depression: How Dumb Can We Be?
April 29, 2010The Second Great Depression: How Dumb Can We Be?
Sarah Lawrence College
Titsworth Lecture Hall
1 Mead Way
Bronxville, New York 10708
CEPR Co-Director Dean Baker discussed why the vast majority of economists somehow could not see the growth of the $8 trillion housing bubble, the collapse of which eventually sank the economy. Even after the fact, they still don't understand what happened. As a result of confusion over basic economic logic, millions of people are likely to remain unemployed for years needlessly wasting trillions of dollars of potential economic output. More event information can be found here.