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Wright Discusses “Federal Reserve: 100 Years of Boom and Bust”

Nef Family Chair of Political Economy and Director of the Thomas Willing Institute Dr. Robert Wright was recently featured in a documentary entitled “Federal Reserve: 100 Years of Boom and Bust.” The piece discusses the events leading up to the creation of the Federal Reserve and how The Fed has affected the economy in the past century.

“Federal Reserve: 100 Years of Boom and Bust” was produced by Ramapo College Professor of Finance Murray Sabrin, who has lectured and written about the Federal Reserve for 30 years. The documentary also includes commentary from numerous experts in finance and economics, authors, and professors from universities such as New York University, Ramapo College and Augustana.

Wright received his B.A. in history, summa cum laude, from Buffalo State College in 1990, his M.A. in history from State University of New York (SUNY) at Buffalo in 1994, and his Ph.D. from SUNY at Buffalo in 1997. Before coming to Augustana, Wright served as Clinical Associate Professor of Economics at the Stern School of Business, New York University. He was also a guest curator for the Museum of American Finance. He has written for Barron's, The Chronicle of Higher Education, Forbes.com, and other prominent publications. He has appeared on National Public Radio, C-SPAN, and the BBC, as well as several South Dakota stations.

In addition to editing three series of primary source documents for Pickering and Chatto Publishers, Wright has authored or co-authored 14 books, including winner of the 2012 Small Business Book Award "The Wall Street Journal Guide to the 50 Economic Indicators That Really Matter: From Big Macs to 'Zombie Banks,' the Indicators Smart Investors Watch to Beat the Market" (New York: Harper Collins, 2011) with lead author Simon Constable;One Nation Under Debt: Hamilton, Jefferson and the History of What We Owe (New York: McGraw-Hill, 2008), which explores the untold history of America's first national debt, arising from the immense sums needed to conduct the American Revolution. Another title, Financial Founding Fathers (Chicago: University of Chicago Press, 2006), is a compelling account of the nation's early finances. A second edition his textbook, "Money and Banking," is now available through Flat World Knowledge. His latest book, "Corporation Nation," was published by University of Pennsylvania Press in December 2013.

In 2010, Wright established the Thomas Willing Institute for the Study of Financial Markets, Institutions, and Regulations at Augustana College to promote the public's understanding of the financial system.

View the full documentary on YouTube: