Ralph Baker’s Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead, is arguably the most-important book on economics since the Great Depression. The Financial Crisis of 2008 seemingly came out of nowhere, yet the New York Shock Exchange, a financial literacy program Mr. Baker started in 2006 for his 11 year old son and other boys his age, discussed the pending recession in investment meetings. Mr. Baker turned chronicled those findings in Shock Exchange. However, the mainstream media, including the Financial Times, refuses to admit the Shock Exchange foretold the Crisis:
Why did economists fail so badly to predict the financial crisis? Read our @FT Rethinking Economics articles to find out https://t.co/Xau45OYSeF
— FT for Schools (@ft4s) March 23, 2018
The fact that the mainstream media ignores black voices and accomplishments is not a happenstance. In the following video, Vicki Dillard of Fly Nubian Queen, explains why.
