[I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29. The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department. The dual themes were reflecting on the New Deal of the 1930s and how we’re not getting anything remotely comparable in the 2010s.] roots of crisis We all know the story of the proximate causes of the economic crisis – a housing bubble enabled by not merely… Read More