Simon Graduate School of Business - University of Rochester
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It's Not the Deficit

Emerging Risks to America's Financial Stability

The deficit and borrowing are in the spotlight when it comes to the US economy, and a lot of time is spent analyzing government spending. But, according to Clifford W. Smith Jr., Epstein Professor of Business Administration and professor of finance and economics at the Simon School of Business, the more important question is, "What is the government spending money on in the first place and how do those expenditures match with our collective valuation of what's being purchased." Smith discuessed that and much more during Simon's Emerging Risks to America's Financial Stability Conference held on May 19 at the Sentry Center in New York City.

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