Did Interest Rates Bring the Economic Downturn? | WBEZ
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Eight Forty-Eight

Did Interest Rates Bring the Economic Downturn?

President Obama promises that plans underway will rescue the banking industry and in turn, save our economy. But will that be enough to stabilize the crisis that for months has paralyzed a nation that has seemed born to shop? An article in the latest issue of Harper's Magazine by Tom Geoghegan says that we may have to go a little further back in time to undo the problems of today. Geoghegan is a Chicago-based lawyer and recent 5th district congressional candidate. He's also the author of many books, including most recently See You in Court: How the Right Made America a Lawsuit Nation.

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