Friday, December 8, 2017


The U.S. economy experienced the dot com bubble in the 1990s and a housing bubble and bust in the first decade of the 21st century. Despite a mandate to keep the economy from “overheating” and maintaining robust employment, the Federal Reserve’s track record as the manager of the economy has been called into question.

Why did the U.S. economy experience back-to-back bubbles? And according to Fed chairwoman Janet Yellen, another financial crisis the likes of the one that exploded in 2008 was not likely “in our lifetime.”

Finance professor Murray Sabrin recently presented the results of his sabbatical research, which challenges the conventional wisdom about money, banking and the Federal Reserve as guardian of the economy’s health.

His presentation is here.


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