“From Economic Crisis to the New New Deal: Repairing the American Economy”
This seminar will examine the financial roots of the crisis in the US mortgage business, in Federal Reserve policy during the earlier part of this decade, in global economic imbalances and capital flows, and elsewhere. Four main questions will be addressed: How did we get into this mess? How do we get out of it? And how do we reduce the risk that it might happen again? And how will the crisis and the response to it shape the future of the U.S. economy? We will ask whether the policy response up to now has been adequate and well-designed, and what more needs to be done. We will look with particular care at the proposals of the new administration. And we will look further ahead, asking what changes are needed to our systems of financial regulation and broader economic governance-domestically and internationally-if we are to avoid making the same mistakes again.
Moderated by Clive Crook,senior editor of The Atlantic and chief Washington commentator of The Financial Times. In addition, he writes a column for National Journal and serves as chief editorial adviser to David G. Bradley, the chairman of Atlantic Media Group. He was formerly on the staff of The Economist, latterly from 1993 to 2005 as deputy editor. A graduate of Oxford and the London School of Economics, he has served as a consultant to The World Bank and worked as an official in the British Treasury. He lives in Washington, DC.