Tag Archives: Pete Peterson

David Leonhardt Uses the New York Times to Spread Pete Peterson’s Debt Hysteria

By William K. Black
Bloomington, MN: January 12, 2015

David Leonhardt came to my attention because of his column purporting that liberals were wrong about families and education. Given my colleagues’ expertise in macroeconomics, money, and jobs, I decided to look at what views Leonhardt was presenting on austerity. Leonhardt lauds himself for avoiding what he dubs the “safe” approach to journalism and instead “providing a service to readers when we’re willing to make analytical judgments.” What kind of “analytical judgments” does he make about austerians and debt hawks in light of their track record of repeated predictive failures? He loves them.

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The Big Lie at the Core of Pete Peterson’s Attack on the Baby Boomers

By William K. Black

For the purposes of writing a column I ended up reading materials written by the financial industry PR specialist Makovsky and found this nugget. A Makovsky executive was interviewed about Millennials and he explained the finance industry’s perspective on that group.  Millennials have been leading victims of financial fraud and the resultant Great Recession so they have no love of financial firms:  “the four major banks in the U.S, were ranked in the 10 least loved brands among Millennials according to Viacom.

The Millennials’ disdain for big finance is terrifying to finance for an excellent reason that Makovsky quantified.

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