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Should AIG Have Been Allowed to Fail?

Complete video at: Economists Ward Hanson and Michael Lehmann disagree on whether the government should have bailed out AIG. While Lehmann warns that "the contagion would have spread" if AIG failed, Hanson says AIG demonstrates a "systematic failure of the regulatory structure." ----- A panel of professors discuss how to spot an upturn in the current economic landscape at the Seventh Annual Marketing Forum hosted by The Economist in San Francisco. Speakers include: Ward Hanson, Policy Forum Director, Stanford Institute for Economic Policy Research; and Michael Lehmann, Emeritus Professor of Economics, University of San Francisco. Moderated by Martin Giles, Senior Business Correspondent, The Economist. -- Economist Marketing Forum Ward Hanson studies the economics and marketing of high technology, especially the impact of information technology on business and policy. He is a Fellow at the Stanford Institute for Economic Policy Research Center for Employment and Economic Growth as well as SIEPR Policy Forum Director. His recent writings include " Using the Internet to Accelerate and Improve Fiscal Stimulus," available on the SIEPR website. He published his most recent book on the impact of high technology on business practice, Internet Marketing and Ecommerce, in 2007. Dr. Hanson received his Ph.D. in Economics from Stanford University, and has been on the faculty of the University of Chicago Business School, Purdue University School of Management, and Stanford Universitys Graduate School of Business. He has served in the U.S. Department of Energy, and assisted the Obama campaigns Economic Growth and Innovation policy efforts. Prof. Michael Lehmann obtained his Ph.D. from Cornell University and taught at the University of San Francisco in traditional and on-line venues. He is the author of The Irwin Guide To Using The Wall Street Journal, which sold 250,000 copies in seven editions. Prof. Lehmann also developed a popular seminar, Be Your Own Economist, on business and investment conditions, that he offers to investors, corporations and professional groups. The San Francisco media frequently interview Prof. Lehmann on current economic and investment conditions. You can read his blog at
Length: 03:39


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