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The Government Shutdown and Debt Crisis: What it Means for the Economy

Tuesday, October 15, 2013 at 9:00 am

The Auditorium at 66 West 12th Street, Alvin Johnson/J.M. Kaplan Hall, A106 66 West 12th Street, New York, NY 10011

The government is closed. Federal workers aren't getting paid. Markets are down and Wall Street lobbyists are flooding Capitol Hill in desperation. Some members of Congress are willing to see the United States default on our debt for the first time in our history. Is this just political theater or are there larger economic consequences to this new normal of extreme political brinkmanship?

The Schwartz Center for Economic Policy Analysis (SCEPA) will host three New School economists to discuss the economic fallout of the government shut down. Professors Teresa Ghilarducci, Rick McGahey and Richard Wolff will discuss the causes of the shutdown, the economic implications of increasing or not increasing the debt ceiling, and what will happen if an agreement is not reached by the deadline of October 17. The event will end with an audience Q&A.

Panelists:

Teresa Ghilarducci, Chair of the Economics Department at The New School for Social Research, and Director of the Schwartz Center for Economic Policy Analysis

Rick McGahey, Professor of Professional Practice in Public Policy and Economics and Director of Environmental Policy and Sustainability Management

Richard Wolff, Professor of International Affairs at The New School for Public Engagement

The event is free, reservations required.

The Schwartz Center for Economic Policy Analysis (SCEPA) is the leader in providing alternatives to mainstream economics.  An economic policy research center within The New School’s Department of Economics, our projects empower policy makers to create positive change. With a focus on collaboration and outreach, we provide scholars, nonprofits, and government officials with original, standards-based research on key policy issues.

This event will be streamed live on New School's Livestream channel.

 

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