The current American financial crisis, a government bailout in the works, talk of regulation and deregulation, and general unease regarding the nation's economic future have politicians and pundits alike questioning a repeat of the Great Depression. In his essay entitled "Great Myths of the Great Depression," economist Lawrence W. Reed asserts that "students today are often given a skewed account of the Great Depression of 1929-1941 that condemns free market capitalism as the cause of, and promotes government intervention as the solution to, the economic hardships of the era."
On October 23, 2008, at 8:00 a.m. in Colorado Christian University's Beckman Center, Reed will present on his essay which, based on a popular lecture, examines the ways that poor government policy helped enable the historic catastrophe.
Reed became president emeritus of the Mackinac Center for Public Policy in September 2008 after serving as president since its founding in 1988. Also in September, he assumed the presidency of the Foundation for Economic Education (Irvington, N.Y.). The Mackinac Center, a nonprofit, nonpartisan research and educational institute headquartered in Midland, Mich., helps improve the understanding of economic and political principles among Michigan's citizens, public officials, policy makers, and opinion leaders. Under Reed's leadership, the Center has emerged as the largest and one of the most effective of over 40 state-based free market think tanks in America.
During the past 20 years, Reed has authored over 1,000 newspaper columns and articles, 200 radio commentaries, five books, and dozens of articles for magazines and journals in the United States and abroad. His writings have appeared in publications that include The Wall Street Journal, Investor's Business Daily, Policy Review, and USA Today. Since 1978, he has also delivered more than 1,000 speeches in 40 states and 15 countries. Reed's interests in economic and political affairs have taken him as a freelance journalist to 69 countries on six continents. Among many other topics, his reporting has included firsthand looks into hyperinflation in South America, black markets behind the Iron Curtain, and reforms and repression in China and Cambodia.
Reed holds degrees in economics and history from Grove City College and Slippery Rock State University, both in Pennsylvania, and an honorary doctorate in public administration from Central Michigan University. He taught economics at Northwood University from 1977 to 1984.
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