Economic insight available free online to every American
BIRMINGHAM, Alabama - When the AIG and Lehman Brothers bailouts were announced late last September executives at a private university decided to make economics courses available free of charge to members of Congress. That there were no takers was most likely a sign that those in the Senate and House considered it too difficult to learn economic principles. “Obvious by their lack of understanding, our elected representatives somehow must have skipped or slept through Econ 101 when they were in school,” suggested Don Kassner, president of Andrew Jackson University and himself an economist.
Kassner and university CEO Joseph Schmoke decided that, if our senators and representatives were not interested in economic principles, maybe the general population would have an interest. “After all,” Schmoke said, “our friends and neighbors would be – and are – affected by the country’s economic turmoil. And I suspect they would want to know what’s going on and how they might react to it.”
Shortly thereafter Don Kassner initiated a series of short, succinct videos explaining what was happening in the economy, why it was happening, what could be expected to happen, and ideas on how to deal with things on a personal level. This video series, Educate America with Don Kassner, is available free online. The ongoing series is currently on episode seventeen, which is titled “Obama fights Rocky” and can be found at http://www.aju.edu/educateamerica.asp .
On February 19, 2009 the Wall Street Journal featured a front page story about a slew of new seminars addressing the economic crisis. “It’s interesting,” said Kassner, “that all the big name business schools are scrambling to develop six to twelve week seminars or courses on how to survive the economic downturn.”
“Better late to the game than never showing up,” said Joseph Schmoke, “but they should have followed our lead five months ago when Andrew Jackson University launched the free Educate America program.”
Schmoke thought it was ironic that big universities were offering seminars that only a few could afford. “Come and see what our own economist, Don Kassner, has to say about this widespread crisis. It’s informal and in plain English. I guarantee you’ll enjoy the short videos and take some good things away with you, plus it’s free,” offered Schmoke.
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