MARTIN BERNSTEIN

Event Date: September 19, 2025
Time: 4:00 pm

Martin Bernstein on Zoom –
Money for Nothing: How the Modern Financial Sector is Shaping Our Entire Economy.

The financial sector has changed radically since the Reagan presidency. As the financial sector lends mostly to itself, increased speculation has enriched the  wealthiest among us but has been devastating to the majority of U.S. citizens. The 21st century temporarily props up consumption via household debt, which ultimately leads to stagnant demand without increased supply. Allowing the financial sector to continue driving our economy means persisting on this path. Martin Bernstein will address taking stock of this situation and suggest things we might do about it. We will also talk about the crisis of personal debt in America, the abusive terms issued by credit card banks, and solutions to consider. This is a hot topic for most Americans and we expect a robust discussion to follow the interview.

Martin Bernstein is a PhD student in Economics at Harvard University. He specializes in Macroeconomics and Public Finance. Recently, he penned an outstanding article for Jacobin Magazine, “Money for Nothing: Why the Modern Financial Sector is better at Extracting Rents than Funding the Future.” We will draw from this article and expand on the economic impact that the financial sector is foisting on the American public.

Registration: $20 general – $15 for Praxis Members
Click Here to Register

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