“Prof. Richard Werner, explains the consequences of allowing the banks to go bust in the United States and abroad. He provides a historical account of how bank failures have had significant adverse impacts on the economy. Additionally, he discusses the importance of small, community banks to ensure individual and national sovereignty.” (52 minutes)
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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One thought on “What is happening in the financial system? A presentation by Prof. Richard Werner”
Thank you so much for this Mark – am a Solari subscriber (how I found you) but somehow missed this.