Why the Federal Reserve Sucks: It Causes, Inflation, Recessions, Bubbles and Enriches the One Percent.<\/em><\/strong><\/p><\/div>\nOn August 6, 1949 Murray Sabrin (Moses Schabrinski) arrived in America with his parents, who were the only members of their respective families to survive the Holocaust, and his older brother after a five-day voyage across the Atlantic Ocean. Professor Sabrin\u2019s parents had no more than $150 with them. They were met at a west side Manhattan pier by his mother\u2019s aunt and uncle from Paterson, New Jersey, who thought he was a two-year-old girl because of his long, blond hair.<\/p>\n
The Sabrins settled in lower Manhattan and lived in a three-room railroad apartment sharing a hallway bathroom with neighbors; \nthe kitchen had a bathtub below the porcelain counter. The rent was $26 per month. Soon after Professor Sabrin\u2019s younger brother Max was born the family moved (August 1953) to a two-bedroom Bronx apartment (eventually moving downstairs to a three-bedroom apartment) where he lived until he married Florence in 1968. And in 1959, 60 years ago this past June, Murray raised my right hand at the Federal Courthouse in lower Manhattan and swore to support the U.S. Constitution, when he became a naturalized citizen.<\/p>\n
America has changed dramatically since that hot August day seven decades ago. The good news–the standard of living has increased substantially for youngsters of the baby boom generation who became of age in the 1950s and 60\u2019s. The bad news\u2014the welfare-warfare state, which Professor Sabrin has been criticizing for more than four decades–is undermining our prosperity, and has been violating our fundamental American values of no entangling alliances and peaceful commerce with the rest of the world.<\/p>\n
The events of the past seven decades (the Cold War, the Cuban Missile Crisis, the Civil Rights Movement, the Vietnam War, the Kennedy \nAssassination, the Great Society programs, the Middle East Wars and the Boom-Bust Cycles)\u2014and his family\u2019s history–have shaped Professor Sabrin\u2019s view of business, the economy, social issues and global affairs.<\/p>\n
As this year\u2019s Raciti Memorial Lecturer, Professor Sabrin will give his forecasts about the future of business, higher education, medical care and other major issues for the next seventy years.<\/p>\n
Tonight\u2019s presentation has been made possible by a grant from the Sabrin Center for Free Enterprise.<\/p>\n","protected":false},"excerpt":{"rendered":"
THE 14th ANNUAL RACITI MEMORIAL LECTURE AMERICA: The Next Seventy Years Murray Sabrin, Professor of Finance Wednesday, October 30, 2019 The Trustees Pavilion at 7 p.m. Please RSVP to msabrin@ramapo.edu by October 21. 7:00 p.m. \u2013 Refreshments and Registration 7:15 p.m. \u2013 Welcome Remarks, Scholarship Presentation 7:30 p.m. \u2013 Lecture 8:30 p.m. \u2013 Q&A On […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-374","page","type-page","status-publish","hentry"],"yoast_head":"\n
America: The Next Seventy Years - Sabrin Center for Free Enterprise || Ramapo College of New Jersey<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n