Thursday, February 18, 2016

The Big Short and post-film debate with Geoff Schneider and @NakedKeynes

Showing at The Campus Theatre this Saturday, Feb 20th, 4:00pm – THE BIG SHORT – This funny, fact-based film explores the very serious recent collapse of Wall Street and the insiders who saw it coming. Mondragon Bookstore and Susquehanna Valley Progressives are pleased to sponsor this film and a discussion panel of economic and business experts, immediately following the film. Panelists include Dr. Geoffrey Schneider, Professor of Economics, Bucknell University and Dr. Matías Vernengo, Professor Of Economics, Bucknell University. The panel will be moderated by Charles Sackrey, former Bucknell Professor of Economics and owner of Mondragon Bookstore. The panel is free and open to the public and will take place across the street at the Barnes & Noble bookstore's meeting room. Complimentary coffee and refreshments will be offered.

More info here.

PS: In short what I said on the debate, is that, while the film is good in portraying that the crisis was manufactured, and it was a swindle of the American people by Wall Street, it gets a few things wrong, and does not point the deep causes of the crisis. In particular, several people actually knew and said that the economy was unsustainable and the bubble would eventually burst, not just a few geeks and weirdos. And the roots of the crisis are in the increasing inequality and financial deregulation that harken back to the 1980s and 1990s.

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