Computer Science Seminar Series
Another Inconvenient Truth: A Second Great Depression
April 16, 3:00pm
Weir Hall, Room 235
Dr. Tobin Maginnis
Computer and Information Science
University of Mississippi
Abstract:
Various economic terms will be described to provide a brief background in macroeconomic theory. A series of macroeconomic trends will be analyzed from the start of our nation to the present to show how we have perused a course of extremely high economic risk. Systematic mis-representations by the Bureau of Labor Statistics in GDP, unemployment, and CPI statistics will be documented to reveal the nature of the high economic risk we are facing today. We will also examine past and present Federal Reserve actions as it relates to the economy. And, finally, we will show how the present "sub-prime" mortgage crisis, shown in context, is the first of a three-part trigger that will lead, in all probability, to a hyper-inflationary depression by the year 2010.