PABI chairman Jody Guilbeau, guest speaker Peter Ricchiuti, PABI Board Representative Robert Hopkins and PABI Executive Director Bobby Thomas.

Tulane professor talks economic recovery at PABI

By Alex Galbraith
 
Despite what you may have heard on the TV news, Peter Ricchiuti wants you to know that the United States economy is on its way back up with gusto. That was the message of Ricchiuti’s speech at the monthly meeting of the Plaquemines Association of Business and Industry on June 6. The Director of Research at Tulane University’s A.B. Freeman School of Business took the time to dispel several common myths about the current state of the economy. “First off, we are definitely not heading into another great depression,” Ricchiuti said. Ricchiuti explained that the approach taken by the Obama administration after the downturn of 2008 was the exact opposite of the one that followed the stock market crash of 1929.
 
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