As the tumult continues for the global financial system, news shows are mining the insights of economists who can explain in understandable language what's happened and what the likely long-term consequences. Given that recent events have required most of us to play catch up on the meaning of complex derivatives and credit swaps, you can't have too many.
Two Press authors have gone on public radio in recent days to offer their perspectives. On Monday, Barry Eichengreen was a panelist on The Diane Rehm Show, discussing the G-7 summit and prospects for the new global economy. Eichengreen teaches at the University of California, Berkeley, and is the author or editor of six books with the Press. And yesterday, Frederic Mishkin - a former Fed governor and the author of Monetary Policy Strategy - was a guest on On Point, discussing America's place in the world after the crisis.