Seidman Breakfast Series: The Great Recession of 2008-2009

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GRAND RAPIDS, Mich. -- Grand Valley State University's Seidman College of Business is hosting an economic expert to discuss "The Great Recession of 2008-09."

Bradley R. Schiller of the University of Nevada, Reno, will discuss the on-going economic crisis. While detrimental to the global economy, Schiller says the recession never reached the level of The Great Depression of the 1930's in measure of scope, duration and depth of destruction. He says the federal government utilized both fiscal and monetary policy maneuvers to end the worst of the current recession. The short-term outlook is positive, thanks in great part to the monetary stimulus that was enacted in September 2008. Fiscal policy, under President Obama, has been somewhat less effective, because of its focus on long-term structural issues, like energy independence, rather than short-term results, such as, job creation. 

Schiller is the author of "The Economy of Today," "Essentials of Economics" and "The Economics of Poverty and Discrimination."

The event will be held on Friday, October 30. The breakfast will start at 7:30 a.m. with the presentation at 8 a.m. in the Loosemore Auditorium at Grand Valley's Pew Grand Rapids Campus. The breakfast event is sponsored by the Seidman College of Business Alumni Association. For reservations or more information, call (616) 331-7100 or e-mail busalumn@gvsu.edu.