Bostic discusses possible ramifications of Trump economics on California

Raphael Bostic, the Bedrosian Chair in Governance joined Delia Fernandez (certified financial planner with Fernandez Financial Advisory in Los Alamitos), and Chris Thornberg (founding partner of Beacon Economics) on KPCC-FM’s “Take Two.”  They discussed how the California economy may be affected by President-elect Donald Trump’s policies. Bostic said: “As you’ve heard throughout this whole conversation: we don’t…

Bostic quoted in Beverly Hills Patch on employer concerns that cost of living is driving employees out of Los Angeles

Raphael Bostic, Bedrosian Chair in Governance, was quoted in the Beverly Hills Patch regarding concerns of Los Angeles are employers regarding the high cost of living in the city. Employers are counteracting the region’s costly living conditions by offering benefits packages that provide housing and transportation assistance, according to USC professor and study author Raphael Bostic.…

When Bad Loans Happen to Good People: The Horror Story of the “Monster”

While much of my academic career has been spent studying how families get credit to buy homes, the past few years have made me much more aware that simply getting credit isn’t a goal in itself. No, if the credit isn’t sensible and sustainable, the pain can be far worse than any gain that could have resulted. Consider these stories…

You would have never known, unless you were trained to look for the signs, that Clarence and Wendy Wincentsen were a good mark …

Money Power (Part 1)

A historical overview of the emergence of the institution of banking, beginning with an explanation of the emergence of interest-based fractional reserve banking and the problems associated with its institutionalization as standard banking practice. Followed by a quick look at the history of central banking in this country, from the first Bank of the United States to the founding of the Federal Reserve. This history is then reconsidered in terms of a struggle by the money power – the dominant European and American financiers – to gain control over the American monetary system.

Spending to reach more economic equality

Last week, the Bedrosian Center hosted Professor Edward Kleinbard of Gould Law School to discuss his new book, We Are Better Than This: How Government Should Spend our Money. In our conversation, Kleinbard, students, and fellow faculty discussed the themes of federal government spending and how fiscal policy could be implemented more effectively. Kleinbard argues…