Annual Steinhardt Lecture
Date: February 21 2013 7:30pm - 9:00pm Location: Templeton Campus Center - Templeton Campus Center
The 2013 Steinhardt Lecture will be given by Dr. Randall Wray, Professor of Economics at the University of Missouri-Kansas City. He is also Research Director at the Center for Full Employment and Price Stability. The title of his talk is Fiscal Cliffs, Debt Limits, and Unsustainable Deficits: Can the U.S. Really Run Out of Money?
Although we didn’t leap over the fiscal cliff on January 1, most believe Congress has only put a Band-aid on the deficit problem. Economists argue that government debt is on an unsustainable path. Everyone seems to agree that we need tax hikes and large cuts to our safety net or we’ll become the next Greece. But, is any of this true? Is the sovereign U.S. government really insolvent? Can the currency-issuer ever run out of its own money? According to Dr. Wray, the answers are no, no, and no. Come to the talk and hear him explain why the conventional views are wrong.
Learn more about the Steinhardt Lecture series, established in 1970.