In his new book, economist Charles Wheelan untangles our complex monetary and banking systems, and why they've veered toward disaster at multiple points throughout our history. Wheelan also highlights the role individuals, as well a financial institutions, have played in spurring economic prosperity and adversity.
This program was originally broadcast on April 5, 2016
- Charles Wheelan, senior lecturer at Dartmouth College and policy fellow at the Rockefeller Center at Dartmouth College. He is the author of several books including the new 'Naked Money: A Revealing Look at What It Is and Why It Matters.'
Listen to Wheelan describing the "chain of bad actors" that led to the mortgage crisis and Great Recession:
- Listen to our earlier conversations with Charles Wheelan about his books Naked Statistics, and Naked Economics.
- Listen to our October 2015 show, The Ghost of Glass-Steagall: Should It Be Brought Back?: Also known as the “Banking Act of 1933,” this law stemmed from the 1920's stock market crash and Great Depression that followed, with restrictions on banks and other financial institutions. Glass-Steagall was overturned about twenty years ago, but some are pushing to bring it back.