FED STUDY: We Conservatively Estimate That The Financial Crisis Cost Us Up To $14 Trillion

Rob Wile, Jul. 29, 2013, 7:09 PM

Dallas Federal Reserve researchers Tyler Atkinson, David Luttrell and Harvey Rosenblum have a new paper out in which they attempt to calculate the true cost of the 2007-2009 financial crisis and recession.

"The 2007-09 Financial crisis was associated with a huge loss of economic output and financial wealth, psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other significant costs," they write.