Daily Archives: January 29, 2010

Epstein offers alternatives to current financial system in The Real News Network interview

Gerald Epstein, UMass Economics Professor & Co-Director of PERI

Gerald Epstein, UMass Economics Professor & Co-Director of PERI

Gerald Espstein, UMass Amherst economics professor and co-director of  the Political Economy Research Institute, was recently interviewed by The Real News Network.  Epstein discusses solutions to the problems created by large amounts of capital and the speculation it creates that isn’t connected to the everyday economy.  Alternatives to our current financial system, Epstein suggests, could include publicly controlled or oriented financial institutions that are engaged in credit for real investment, as well as democratizing the Federal Reserve.
(The Real News Network, 1/27/10)