By Matthew Kredell
USC Price School of Public Policy Professor Raphael Bostic returned to campus for the first time since taking leave to assume the role of president and CEO of the Federal Reserve Bank of Atlanta, joining Dean Jack H. Knott for a discussion on the state and direction of the U.S. economy, issues of opportunity and inequality, and good governance.
Knott began the Feb. 5 conversation by asking Bostic – the first African-American to serve as president of a Fed regional bank – to explain what the Fed does. In response, Bostic admitted that perhaps few people understand.
Just when you thought the economy was the only good news you could count on, the stock market took a dive on the heels of Janet Yellen’s exit from the Federal Reserve. Suddenly, Americans everywhere wondered whether the volatility and uncertainty in Washington had finally caught up with the long, steady recovery stretching from those dark days in 2009. Should we be worried? Who’s looking out for the economy? And do they have a plan for the risks that await us in 2018 and beyond?
In this episode, USC Price School Dean Jack H. Knott interviews Atlanta Fed President Raphael W. Bostic on the state of the economy and the forces that keep it humming along.
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Los Angeles Times quoted Richard Green of the USC Lusk Center about the potential impact of Saudi officials liquidating U.S. real estate holdings. Through Kingdom Holding, the prince enjoys ownership in some of the world’s most prestigious properties and businesses. It has a majority interest in the Savoy Hotel in London, a controlling interest in…
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…
KPCC-FM’s “AirTalk” quoted Bedrosian Chair in Governance Raphael Bostic about the impact of Donald Trump and Hillary Clinton’s economic plans on Los Angeles’ middle class.
Last year the Bedrosian Center started a new initiative called Policy at the Playhouse as a way to discuss and explore public policy and governance through the lens of art and culture. Artists have often called out and wrestled with politics, leadership and pressing social issues in ways that have as much impact as policy…
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.
Despite the “more is better” approach we’ve been taking, it makes much more sense for the design and implementation of public policy to be guided more directly by the goal of improving the happiness and life satisfaction of people and communities, rather than on increasing economic growth.
In this inaugural edition of the Bedrosian Book Club podcast, four of our faculty discussed Capital in the Twenty-First Century by Thomas Piketty, the French economics book on inequality that is taking the world by storm. Already 9 weeks on the New York Times Hardcover Nonfiction Bestseller list, the book looks at the history of wealth distribution and predicts worsening inequality. The faculty discuss this 600 page behemoth in two parts.
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