Despite low unemployment rates and a rising stock market, 3 out of 4 economists are expecting a recession by 2021. We are already facing a #crisisofpoverty and economic precarity, where 140 million people are poor or low-income, the costs of living are going up and the chances of living are going down. What condition is our economy in today, more than ten years after the Great Recession of 2008, to withstand another economic downturn? What lessons have we learned – or failed to learn – over this past decade?
What lessons can we draw from history to guide us in the months and years to come? Join a conversation with economist Dr. Michael Hudson on the 2008 economic crisis, what’s happened over the past ten years, and what we can anticipate in 2020.
Dr. Hudson is the President of the Institute for the Study of Long-Term Economic Trends (ISLET) and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He has written extensively on the 2008 crisis, including the books, The Bubble and Beyond, Killing the Host, and J is for Junk Economics.
He has also done groundbreaking research on debt and finance in antiquity, most recently in “….And Forgive Them their Debts,” revealing the long history of lending, foreclosure and redemption, and how “debts that can’t be paid, won’t be paid.” The only question is on whose backs those debts will be carried. #recession #2020 #debt