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Have Obama's Economic Policies Worsened the Recession?
Start Date: 11/5/2013Start Time: 4:00 PM
End Date: 11/5/2013End Time: 5:00 PM

Event Description:
With the publication of his book, The Redistribution Recession: How Labor Market Distortions Contracted the Economy, Professor Casey Mulligan, University of Chicago, has created a mighty stir among fellow economists and the general public. His argument is simple and unconventional: The U.S. economy remains stuck in the doldrums because the stimulus policies of the Obama Administration have worsened rather than improved the unemployment problem.

Mulligan argues that labor-force participation is stuck at a historical low, despite the Obama stimulus and the Federal Reserve's quantitative-easing policies, because it has become unrewarding to work. His Wall Street Journal article "How ObamaCare Wrecks the Work Ethic" predicts a "second wave" of redistributionist policies that will have the effect of paying people to stay out of the labor force.

This event is sponsored by the Department of Economics and the Beacon Hill Institute.
Contact Information:
Name: Department of Economics
Phone: 617 573 8259
Intended Audience:
  • Faculty
  • General Public
  • Graduate Students
  • Undergraduate Students
  • Sponsor(s):
  • College of Arts & Sciences

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