Author Archives: Devin Smith

Bernie Sanders Decries Lack of Wall Street Prosecutions

NEP’s Bill Black appears on The Real News and says it’s important to reimplement the Glass-Steagall Act – but it’s not enough to prevent another financial crisis. You can view here with transcript or watch video below.

Randy Wray Discusses his book, Why Minsky Matters, on the Radio

NEP’s Randy Wray will be interviewed tonight on Bob Brinker’s nationally syndicated ABC talk radio show Money Talk, Sunday December 6th at 6:15pm ET for around 30 minutes. Wray will discuss his new book Why Minsky Matters: An Introduction to the work of a maverick economist, Princeton University Press.

The show airs live on 200 ABC affiliates including all major markets. Former guests include Alan Greenspan, Sheila Bair, Alan Blinder, Paul O’Neill, William Isaac, Peter Thiel, Joseph Stiglitz, David Wessel, Gretchen Morgenson, Andrew Ross Sorkin, Nassim Nicholas Taleb, Barton Biggs, Niall Ferguson, David Cay Johnston, Neil Irwin, John Bogle and John Zogby, just to name a few.

Here is the list of stations that carry the show.

Review: Another “Minsky moment” may be on the way

Edward Chancellor over at Reuters has published a review of Randy Wray’s new book on Minsky, “Why Minsky Matters: An Introduction to the Work of a Maverick Economist”. You can read the review here.

MMT and Bernie Sanders

L. Randall Wray

Yesterday Senator Bernie Sanders gave an important speech in which he invoked President Roosevelt’s “second bill of rights” in defense of his platform. As Bernie rightly pointed out, all of Roosevelt’s New Deal social programs to which we have become accustomed, were tagged as “socialism”—just as pundits are branding Bernie’s proposals as dangerous socialist ideas. You can see Bernie’s prepared remarks here.

Just before Bernie’s speech, I was asked to do an interview with Alex Jensen, on TBS eFM’s “This Morning” English radio program in Seoul, Korea. I was sent a list of questions and jotted down very brief responses. Unfortunately, in our radio interview we were only able to get through a few of these. You can listen to the interview (uses iTunes) here. My interview is #8, Name: 1119 Issue Today with Professor L.R. Wray

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The Global Haves And Have-Nots In The 21st Century

NEP’s Marshall Auerback interviews Branko Milanovic, Visiting Presidential Professor, The Graduate Center, City University of New York. This is almost certainly the highest level of relative, and certainly absolute, global inequality at any point in human history. Is there anything we can do to reverse or mitigate this trend? See the interview here.

 

Neil Delamere Talks Economics with Bill Black

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NEP’s Bill Black talks economics and the Irish economy with Neil Delamere on Neil’s Sunday Best program. You can listen here.

Scott Fullwiler’s Central Banking Operations Now in Italian

Our friends over at RETE in Italy have done it again! They have translated and posted Scott Fullwiler’s works on central banking operations into Italian. For our Italian speaking friends, you can now check out Scott’s translated posts here.

Can the Bank of England’s New ‘Ring-fencing’ Rules Work?

NEP’s Bill Black and Wharton professor of legal studies and business ethics Peter Conti-Brown discuss the Bank of England’s move to re-regulate the banking industry in Britain and protect depositors and taxpayers. You can view the article and listen to the podcast here.

Latest Book Honoring Professor Fred Lee

fleeAdvancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee

Edited by Tae-Hee Jo and Zdravka Todorova
Series in the Routledge Advances in Heterodox Economics ISBN: 978-0-415-73031-0 (hardback), 358 pages, $160. August 2015, Routledge. (20% Discount code: FLR40)

For more information visit:
http://www .taylorandfrancis.com/books/details/9780415730310

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UMKC professor among handful of economist to predict Eurozone fiscal downturn

Video and article over at Kansas City’s KSHB highlighting NEP’s Randy Wray’s analysis of the problems with the European Monetary Union and his predictions that it would lead to the European crisis. You can view the video and read the article here.