Dr. Fadhel Kaboub
The University of Redlands Economics Department will welcome special guest Dr. Fadhel Kaboub to speak on “The Story of the New Poor, Bankstas, and the Government” at 4 p.m. Wednesday, Nov. 17 in room 161 of Gregory Hall.
Dr. Kaboub will argue that the “Bankstas” are the architects of a debt-driven system that is void of real income growth for working people. In his work, he looks at the economic activity that preceded, but fostered the financial crisis which led to the Great Recession. In his study he shows that the financial system used a smokescreen of innovations to fuel growth in consumer spending, even as poverty rates were rising.
is an assistant professor at Denison University in Ohio, where he teaches classes on macroeconomics and monetary theory. He is also a research associate at the Levy Economics Institute of Bard College in New York, the Center for Full Employment and Price Stability in Missouri, and the International Economic Policy Institute in Ontario, Canada. From 2006 to 2008, he also served as the director for the Wall Street Semester Program at Drew University.
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