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Whither the American Economy?

A National Policy Forum on the Economy, the Housing Bubble and What to Do about Recessionary Fears

  • In-Person
  • 国产视频
    740 15th St NW #900
    Washington, D.C. 20005
  • 8:30AM 鈥 12:15PM EDT

Responding to the damage caused by the slowdown in housing, the subprime mortgage crisis, and fears of a U.S. recession, the 国产视频 Foundation held a national policy forum on the need for a new era of public investment on Friday, November 30, 2007.

Despite the recent economic slowdown, 国产视频 Foundation board member opened the conference with an optimistic message. The dynamism of the American economy, Schwartz argues, bolstered by robust public investment, can overcome present challenges. Schwartz and Economic Growth Program director outline a strategy for rebuilding the American economic engine in 鈥,鈥 which appears in the fall issue of Democracy: A Journal of Ideas.

Video of Schwartz’s opening presentation is available at right. Videos of the other presentations and panels — as well as presentation materials, the policy papers released at this event, and other details — are included below.

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Conference Papers


by James Galbraith
James Galbraith examines the depressing effects of the slowdown in housing, the fallout from the subprime mortgage crisis, and the inter-connected problems of failing infrastructure and long-term climate change.


by Joel Kotkin
Joel Kotkin argues that the era of asset price inflation鈥攖he housing and stock market bubbles鈥攈as masked a perilous hollowing out of public infrastructure, the key to sustained and equitable economic growth.

Conference Presentation Materials

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Participant Spotlight


by Zach Karabell, Wall Street Journal
November 30, 2007

“The recent announcement that Citibank received a cash infusion of $7.5 billion from Abu Dhabi’s sovereign wealth fund was greeted with a mixture of relief and bewilderment by the financial markets.” (subscription required)


By Steve Pearlstein, The Washington Post
October 31, 2007

“Remember all those stories about how the nose dive in financial markets was the first big test for Federal Reserve Chairman Ben Bernanke, the academic economist who was still developing his feel for the interplay between the central bank and Wall Street?”

Location

Cosmos Club
2121 Massachusetts Avenue, NW Powell Conference Room

Washington, DC, 20009

See map:

Participants

  • Steve Coll
    President & CEO, 国产视频 Foundation
    Former Managing Editor, Washington Post

  • Steven Clemons
    Director, American Strategy Program, 国产视频 Foundation
    and publisher,
  • James K. Galbraith
    Lloyd M. Bentsen Jr. Chair in Government/Business Relations
    LBJ School of Public Affairs, University of Texas at Austin
  • David Hale
    Chairman, Hale Advisors
    Former Global Chief Economist, Zurich Financial Services Group
  • Simon Johnson
    Economic Counsellor and Director, Research Department, International Monetary Fund
    Publisher,
  • Zachary Karabell
    EVP, Chief Economist, Portfolio Manager
    Fred Alger Management

  • Janet Kavinoky
    Director, Transportation Infrastructure/Congressional Public Affairs Division
    U.S. Chamber of Commerce
  • Joel Kotkin
    Senior Fellow, 国产视频 Foundation
    Author, The City: A Global History and the New Geography

  • Desmond Lachman
    Resident Fellow, American Enterprise Institute
    Former Managing Director, Salomon Smith Barney
  • Steve Perlstein
    Economics Correspondent, Washington Post

  • Bernard L. Schwartz
    Chairman & CEO, BLS Investments
    Chairman of the Board, Third Way
    Retired Chairman & CEO, Loral Space & Communications
    Co-Author, 鈥Public Investment Works,鈥 Democracy: A Journal of Ideas (Fall 2007)
  • Sherle R. Schwenninger
    Director, Global Economic Policy Initiative, 国产视频 Foundation
    Co-Author, 鈥Public Investment Works,鈥 Democracy: A Journal of Ideas (Fall 2007)

Programs/Projects/Initiatives

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