Alan Blinder

Psychology has overwhelmed economics. What started last summer as a problem in the mortgage market has now spread into a worldwide financial panic. Financial markets live or die on confidence and while confidence is draining from the system, we all need to take a deep breath. Alan Binder is the Gordon S. Rentschler Memorial Professor of Economics at Princeton University, accomplished author and regular commentator on CNBC. He outlines for audiences a clear plan to restore international confidence in the economy and financial markets including the need for the world's leading central banks and treasuries to restore the public trust, the nation's financial houses to use the breathing space theyve been given by the federal government and put themselves in order, and financial leadership from Washington, DC.