In August 2002, Dr. Dean Baker published a paper entitled "The Run-Up in Home Prices: Is It Real or Is It Another Bubble?" Using the simplest of economic measures — the relationship between the cost of renting and buying a house — Baker concluded that there was in fact a housing bubble. The inevitable correction could devastate the economy, he warned. Unfortunately, few law and policymakers paid Baker much heed. Six years later, of course, Baker's prediction came true and most Americans have been paying for it ever since.
On March 18, N.C. Policy Watch is proud to welcome Dr. Baker to Raleigh to help us make sense of the current economic situation. Please join us for this very special
NC Policy Watch Crucial Conversation luncheon-
Making sense of the economy with Dean Baker:
Where are we? Where are we headed? What steps should the country pursue in order to promote a broad-based and lasting prosperity?
Who: Dean Baker is the Co-Director of the Center for Economic and Policy Research and one of the nation's leading progressive economists. In his new book, False Profits: Recovering from the Bubble Economy, he recounts the strategies used by the country's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings for tens of millions of people.
When: Thursday March 18, 2010
(Registration @ 12:00 pm, presentation begins at 12:30 and concludes by 2:00 pm)
–Note special time — One-half hour later than usual
Where: Marbles Kids Museum, 201 E. Hargett Street, Raleigh NC 27601
Cost: $10 (includes a box lunch) Pre-registration required
