Search Results for: uber depression

Comparing Unemployment During the Great Depression and the Great Recession

Posted on April 5, 2013 by | 4 comments

By William K. Black Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession. It is useful … Continue reading →

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21st Century Machiavellians 1.2: Elites View the Democratic Party as a Containment Vessel for Popular Discontent

Posted on January 22, 2020 by | 1 comment

(This is a 3-part essay divided here into a total of 4 installments, with the first part divided into two) By Michael Hoexter, Ph.D. Attracting Popular Discontent The basic structure of concentric circles of the discourse and ideological “space” of … Continue reading →

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Money and Banking-Part 8: The Private Banking Business

Posted on March 12, 2016 by | 6 comments

By Eric Tymoigne The US financial system is extremely complicated and this series shades light only on some corners of that system by focusing on the banking sector. Here is a broad picture of the US financial system (some things … Continue reading →

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The BBC Hates Correa So Much that it cannot Restrain Itself

Posted on September 5, 2014 by | 9 comments

By William K. Black I was peacefully reading a BBC article on Ecuador’s plans to introduce a digital currency to bring banking services to the rural poor, when in the midst of the article the anonymous author decided to attack … Continue reading →

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Degrees of Responsibility for Climate Catastrophe

Posted on February 27, 2014 by | 16 comments

By Michael Hoexter The climate crisis is an event with such profound personal and broadly social moral implications that many shy away from discussing the crisis itself let alone its ethical aspects.  Via our society’s use of fossil fuels we … Continue reading →

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How to Exit Austerity, Without Exiting the Euro

Posted on December 6, 2013 by | 81 comments

By Rob Parenteau First of all, if a government stops having its own currency, it doesn’t just give up ‘control over monetary policy’…If a government does not have its own central bank on which it can draw cheques freely, its … Continue reading →

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Niall Ferguson’s Latest Gay Bashing is the Least of His Problems

Posted on May 6, 2013 by | 33 comments

By William K. Black (Cross posted at Benzina.com) It is always a disaster when devotees of theoclassical economists speak their minds in front of what they think are friendly audiences.  Mitt Romney’s attack on 47% of Americans as leeches that … Continue reading →

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The Lethal Lemons on the Road to Bangladesh

Posted on April 30, 2013 by | 5 comments

By William K. Black I wrote yesterday about the “control frauds” (in which the person controlling a seemingly legitimate entity uses it as a “weapon” to defraud) that target purchasers of bad quality goods (“lemons”) and employees.  The example I … Continue reading →

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Robert Reich has a Good Heart but an Inadequate Grasp of Economics

Posted on April 17, 2013 by | 6 comments

By William K. Black (Cross posted from Benzinga.com) Robert Reich has written a column entitled “Why this is the Worst Recovery on Record.”  It’s an odd title because the article makes no reference to this being “the worst recovery on … Continue reading →

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“Nobody in Europe” sees a “contradiction” between austerity and growth

Posted on April 10, 2013 by | 4 comments

By William K. Black The two most revealing sentences about the gratuitous Eurozone disaster – the creation of the deepening über-Depression – was reported today.  The context (rich in irony as I will explain) is that U.S. Treasury Secretary Lew … Continue reading →

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