ADVISORY: Amir Sufi presents House of Debt | Washington Center for Equitable Growth: "Please join Equitable Growth...
...for a presentation by Amir Sufi on the findings in his new book, House of Debt: How They (And You) Caused the Great Recession, and How We Can Prevent It from Happening Again. Sufi and... Mian argue that the Great Recession was the result of a sharp fall-off in consumption due to the unequal distribution of household debt run up in the first six years of the 21st century.... Mian and Sufi argue that the run-up in household debt they found to cause economic catastrophes is a preventable occurrence... governments must implement smarter financial systems before crises strike, move away from a reliance on debt, and share risk more broadly if we are to prevent such crises in the future and cultivate sustained economic growth.
Featured author: Amir Sufi, co-author, House of Debt and Associate Professor of Finance, University of Chicago Booth School of Business
Discussants: Michael Barr, professor of law, University of Michigan Law School; former Assistant Secretary for Financial Institutions, U.S. Treasury Department
Moderated by: Heather Boushey, Executive Director and Chief Economist, Washington Center for Equitable Growth
When: Thursday, May 29, 2014
Time: 2:00 p.m. – 3:30 p.m.
Where: Hotel Monaco
700 F Street, NW
Athens Room, 4th Floor