February 27, 2016
Glendale Heights Campus
Professor Amir Sufi
The severe recession of the late 2000s in the United States and Europe was preceded by a very large run-up in borrowing by households. In this talk, Professor Sufi explains why debt often precedes severe economic downturns, and why we must reform the financial system to reduce its addictive reliance on debt. A more equity-based system would foster sustainable economic growth while avoiding vicious economic cycles.