EconoMonitor

Great Leap Forward

  • Setting the Record Straight: BofA’s Rebecca Mairone Found Liable for Fraud

    Now here’s Poetic Justice. Back in the fall of 2010, Bill Black and I wrote a two part essay for the Huffington Post calling on Washington to go after the Foreclosure Fraudsters. Specifically, we pointed our fingers at the serial fraudsters at Bank of America. See here: http://www.huffingtonpost.com/william-k-black/foreclose-on-the-foreclos_b_772434.html, and here http://www.huffingtonpost.com/william-k-black/post_1115_b_772820.html? We argued it is […]

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  • Money For Nothing: A Panel Discussion by Black, Kelton and Wray

    On the evening of October 21, 2013, there was a preview screening of the film “Money for Nothing” at the University of Missouri-Kansas City (UMKC). After the film, there was a panel discussion about the film with the filmmaker, Jim Bruce, and UMKC professors Dr. Stephanie Kelton, chair of the UMKC department of economics, economics professor […]

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  • Randy Wray and Bill Black on the JP Morgan settlement and post-shutdown policy

    Stephanie Kelton interviewed Bill Black and me for a podcast: Randy Wray and Bill Black share their thoughts on the JP Morgan settlement and post-shutdown policy. p.odca.st/6302877 Hope you enjoy it. Note: there is something wrong (still!) with my comments section. I cannot respond to comments, and most comments seem to be going into the […]

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  • MINSKY DOES RIO: Notes from a Conference

    I recently returned from conference in Brazil jointly sponsored by the Levy Economics Institute, the Ford Foundation, and the Brazilian research group MINDS. It is part of a bigger project to take Hyman P. Minsky global. In my view, Minsky was hands-down the greatest economist of the second half of the twentieth century and he […]

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  • Flash From the Past: Why QE2 Wouldn’t Save Our Sinking Ship

    Here’s a piece I published in HuffPost back on Oct 18, 2010. A flash from the past–three years ago–predicting that QE2 would prove to be as impotent as QE1 had been. And here we are, folks. No recovery in sight–at least once you get off Wall Street. We’re now set–yet again–to go off the fiscal […]

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  • MMT AND A GOVERNMENT FOR THE PEOPLE

    I’ve saved the best for last. Here is Michael Merrill’s third guest post on MMT, labor, and especially public sector workers. This piece is made all the more important as Economic Terrorists in Washington hold our government hostage. These terrorists do not care that government is largely shut down. In their warped view of the […]

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  • Understanding Modern Money: A Tutorial for Labor

    This is the second part of a series of guest blogs by Michael Merrill. He has written these pieces to introduce MMT to labor. In the first segment—posted yesterday—he argued that Americans should not be fooled by the claims that our government is broke. That piece is timely, given what is going on in Washington. […]

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  • Yes We Can Afford Prosperity! Guest Post

    I just received a copy of the recent newsletter of the Health Services Employees, Local 768, District Council 37, AFSCME, AFL-CIO. It contains three articles by Michael Merrill, Dean of The Harry Van Arsdale Jr Center for Labor Studies, SUNY. Michael presents a good application of MMT to support his argument that our sovereign government can, and […]

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  • MMT’S MOTHER WEARS ARMY BOOTS

    When I was a kid, there was always one response that won any playground argument: “Your mom wears Army boots”. It was the magic trump card that humiliated the opponent and ensured victory. To be sure, I never quite understood why. Was it because she “wore the boots in the family”? Or because she was […]

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  • The Taper, the Debt Ceiling and the Prospects for Growth

    Here’s an interview conducted by my colleague, Stephanie Kelton. http://stephaniekelton.com/2013/09/23/randy-wray-the-taper-the-debt-ceiling-and-the-prospects-for-growth/ Note: if the link doesn’t work, copy it into your browser.

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