Thank you so much for joining us tonight. My name is kate brouns and on behalf of Harvard Bookstore i am so pleased to introduce this event tonight with robert reich, his new book the system who rigged it, how we fix it. Harvard bookstore brings authors and the book to a committee and our new virtual committed during this unprecedented. Our Event Schedule appears on a website where you can sign up for a newsletter and you can browse our bookshelves. This evenings discussions going to conclude with some time for questions. If you have a question for either of our speakers anytime during the talk goes to the ask your question but at the bottom of the screen and well get to as many as time allows. Also at the bottom of the screen during a presentation you will see a button to purchase the night featured book, the system. All sales to the sling support Harvard Bookstores so huge thank you for your support during this difficult time. Your purchases and your financial contributions are also
About the fed in recent, whether helping to stave off total economic collapse during the 28 financial meltdown or countering the shocks of the covid 19 pandemic or most struggling to lower. As gina makes clear in her new book, these crises along with the actions of some pivotal central bankers like, the current fed chairman, jay powell, have fundamentally changed the feds purpose and function in american society. The fed has taken its Emergency Powers to new, gina writes, stretching its mission as lender of last resort and purchasing backed debt in massive sums. Its gone from insisting that social issues are not in its domain to flying pride, flags and shaping conversations about racial, gender and, geographic inequity with research and expert advice. Fed officials often talk about staying in their lane, but lane, gina observes, has into an avenue. Gina is very well positioned to tell the story of the feds extended and its and its vast influence. Shes been covering the fed and economic
Us this evening journalist gina. Here to talk about her very timely and informative new book limitless. The Federal Reserve takes on a new age of crisis. Now weve all been hearing a lot about the fed in recent, whether helping to stave off total economic collapse during the 28 financial meltdown or countering the shocks of the covid 19 pandemic or most struggling to lower. As gina makes clear in her new book, these crises along with the actions of some pivotal central bankers like, the current fed chairman, jay powell, have fundamentally changed the feds purpose and function in american society. The fed has taken its Emergency Powers to new, gina writes, stretching its mission as lender of last resort and purchasing backed debt in massive sums. Its gone from insisting that social issues are not in its domain to flying pride, flags and shaping conversations about racial, gender and, geographic inequity with research and expert advice. Fed officials often talk about staying in their lane
Number one, i was monitoring the twitter feed on the event, and somebody posted a question there canning was there any rigor or sampling to the interviews you did . And are you trying to present them as representative of them. My own question was if im a person who knows a fair amount about welfare, has read a book or two, a study or two, whats the most original or valuable thing i would get out of this book . They may be related. Yeah. As far as rigor, no, there was not a scientific sampling done by state of who i talked to. This is what i would refer to as random sampling, because i randomly walked around and ran into people. As far as that, that would be my answer. I interviewed whoever would talk to me wherever i went. I walked into lots of different situations from indian reservations to tent cities in seattle where a lot of homeless lived to, you know, i think it was representative of the country which was really important to me. I argue pretty hard for going all over the differe
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