Barry Eichengreen, professor of economics and political science at the University of California, Berkeley
Moderated by Michael Hiltzik, Pulitzer Prize-winning journalist and author
January 6, 2015
6:30pm – 8:00pm
As the world slowly shakes off the lingering effects of the Great Recession, a renowned economist, author and policy advisor identifies the similar causes and responses that hampered recoveries from the 2008 financial meltdown and the Great Depression.
At this Milken Institute Forum, Barry Eichengreen will discuss his book, “Hall of Mirrors: The Great Depression, the Great Recession and the Uses – and Misuses – of History.” Eichengreen makes the case that the two worst economic crises of the past 100 years were preceded by credit booms, questionable banking practices and a fragile global financial system.
Eichengreen asks why policymakers in the U.S. and Europe didn’t do better in 2008, given that the lessons of the crash of 1929 were so well known. In his comparison of the two crises, Eichengreen examines the responses of governments on both sides of the Atlantic to explain the missteps that have made the current recovery so slow.