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Another "Great Depression" unlikely, W&M professor believes

  • Understanding the current financial crisisTill Schreiber, department of economics, is willing to "bet" on the underlying stability of the financial system.

    Understanding the current financial crisis

William and Mary economist Till Schreiber sees another “Great Depression” unlikely. Noting he told concerned students recently, “If there is another ‘Great Depression,’ unemployment rates going up over 20 percent, I’ll give each of you $1,000. It’s not going to happen; it’s not going to be that bad.”

Schreiber is one of four panelists who will address issues surrounding the current Wall Street crisis in a forum hosted by the College of William and Mary Wed., Oct. 15, 2008. Other panelists will include John Merrick, Richard S. Reynolds associate professor of business and John Boschen, Brinkley-Mason professor, Mason School of Business; and Eric Kades, vice dean, William and Mary Law School. Dick Ash, clinical professor of entrepreneurship and private equity at the Mason School of Business will serve as moderator.

The forum, "Understanding the Current Financial Crisis: A Panel Discussion by William and Mary Faculty," will start at 6 p.m. in the auditorium in the William and Mary Office of Admission. The event is free and open to the public.

The format will feature discussion between business, economic and law professors about not only where the crisis currently stands but will also offer thoughts on where the situation is likely to head. Questions will be taken from the audience.

This event will also be streamed live on the William and Mary web site. To visit that page, click here.