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HASS Presents: The Constitutional Invention and Management of the American Economy and its Money
September 17, 2019 @ 12:00 pm - 1:00 pmFree
Humanities, Arts, & Social Sciences Division
The Constitutional Invention and Management of the American Economy and its Money
by Richard A. Levine
Come celebrate the 232nd anniversary of the signing of the US Constitution with a light lunch and an important discussion about the Constitution and the US economy.
The United States’ government currently runs the second largest deficit in history, spending $1.2 trillion more than it takes in as revenue. ~ this, despite being amidst an historic economic expansion with very low unemployment, and no extraordinary unbudgeted crisis (such as World War II, the Great Depression). That deficit sits atop a $22.5 trillion dollar pile of debt.
Are there any Constitutional limits to US government spending and debts?
As the US is currently in a “trade war” with China. In that context the President ponders by Tweet whether Jerome Powell, head of the Federal Reserve Bank (the “Fed”), is an “enemy” by comparing him to China’s Chairman of the Communist Party.
What is “the Fed”? Is it part of the government? How does it control the US money supply, impact inflation, unemployment and the stock market, and play a role in our Federal budget deficits and the US debt? Is it Constitutional?
Please join Prof. Richard A. Levine (adjunct) of the Humanities, Arts, and Social Sciences division for a thoughtful and timely presentation and discussion of these issues.
Light Lunch will be served
When: 12:00 – 1:00 PM, September 17th 2019
Where: McNeil Room, Student Rec Center
- Room Number
- McNeil Room