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"America's Economy: How Bad Will it Get? When Will it Improve? "
Tuesday, January 27
For our May 5 Breakfast@65West program, we present a special look at America's economy.
The U.S. economy is gripped by its worst recession in recent memory. Unemployment is up, consumer spending is down. The Federal Reserve has flooded the economy with money and the government has engaged in numerous bailouts and interventions. The Obama Administration and Congress have enacted several of the largest spending bills in history, with accompanying increases in our national debt. The Chinese finance minister has raised the possibility of the dollar’s demise as the global reserve currency and the Europeans politely declined to stimulate their economies as we have ours.
Where is this headed? How bad will it get and when will it improve? What will halt the slide? Keynesian spending? Further expansion of the money supply? Tax cuts? Tax hikes? More regulation? Less regulation?
Please join us as we welcome noted economists who will share their insights and answer your questions in a lively format. Our panel includes:
- Professor Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory, University of Illinois
- Paul K. Hoffmeister, chief economist of Bretton Woods Research LLC
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