Financial Crisis in America: The Global Context

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Jack Rasmus, Ph.D., Professor of Economics at St. Mary's College, Moraga

"The spector hovering above the U.S. economy today is one in which the spearding financial crisis, and the still-deepening credit contraction which is a direct consequence of that financial crisis, is producing a qualitatively different kind of recession--i.e., a significantly deeper and longer economic contraction than has been previously the case with typical post-World War II recessions." from "Financial Crisis, Epic Recession and Depression", a recent article by Jack Rasmus.

Jack Rasmus holds a B.A. in Economics and a Ph.D. in Political Economy, and is currently Professor of Economics at St. Mary's College, Moraga. Jack is the author of The War at Home: The Corporate Offensive from Ronald Reagan to George Bush, 2006.

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Posted by Editor at May 10, 2008
Categories: financial,free market,geopolitics,recession,world bank,capitalism,economic policy,globalization
Tags: financial free market geopolitics recession world bank capitalism economic policy Jack Rasmus globalization
 
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