Wednesday, October 28, 12pm, Frank Blue Room
Spending beyond one’s means is not unique to American consumers. The Federal Government spends more than it takes in every year, financing the difference with bonds. Debt crises have the potential to damage future economic growth prospects, and many voices in the media have expressed concern about the fiscal irresponsibility of either the Bush or Obama administrations (or both). What will the current spending binge do to future economic growth? Taken in an historical context, should this episode be looked at with more trepidation? What effect will Obama’s economic policies have on the national debt? Realistically, what does the current spending indicate about our futures as Pomona graduates and/or as US citizens?
Join Emeritus Professor of Economics Frank Wykoff in the Frank Blue Room on Wednesday, October 28 from 12-1pm for a talk followed by a Q&A session. All fields of study are welcome!