Daily Archives: March 31, 2014

An Economist in Ecuador Gives “William Blake” (sic) a Quiz

Posted on March 31, 2014 by William Black | 6 comments

Dr. Pablo Lucio Paredes, an economist from Ecuador who served as Planning Minister implementing the Washington Consensus in the disastrous run-up to Ecuador’s 1999 financial crisis has responded to a presentation I made at FLACSO in Quito, Ecuador by publicly announcing a quiz about economics he would like to administer to “William Blake.” It is easy to spell foreign names incorrectly. I am happy that the quality of my presentation reminded Paredes of William Blake. Here is the link to my talk.

Paredes plans to be the grader of his quiz. The tone of his “letter” to “Blake” makes it clear that he will declare I have failed his test. He has already provided his conclusion: that I only presented because of my desire to issue “propaganda.”

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Posted in William K. Black

Tagged ecuador, ecuadorian miracle

MODERN MONEY IN SIX SHORT VIDEOS

Posted on March 31, 2014 by L. Randall Wray | 6 comments

By L. Randall Wray

I recently did an interview for Euro Truffa on six topics related to Modern Money – MMT.

They are transcribing my interview to Italian and putting up the videos (I think that only two are up so far). However, they have also posted all of the videos to YouTube.

As you can tell, I did not realize they were recording the video—I might have tried to sit still if I had known. Also, the coffee had not quite kicked in so I was not entirely awake. Here are the links with just a brief indication of the topic for each.

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Posted in L. Randall Wray

Tagged MMT, Modern Monetary Theory

Hoy, a Newspaper in Ecuador, Wants Us to Know How Much It Despises the People of Ecuador

Posted on March 31, 2014 by William Black | 2 comments

By William K. Black

One of the many pleasures that life offers is seeing your critics prove your point. I got to see this dynamic first hand in Ecuador when I was interviewed by Roberto Aguilar, described as the “Content Editor” of Hoy. Aguilar’s column, which seethes with hostility and disdain, unintentionally proves the thesis of my talk.

This first installment responding to Aguilar will discuss only the most important points. I was confused by Aguilar’s column the first few times I read it. His column is so angry that I wondered what terrible thing I said that caused him such pain. I focused too much in these early readings on his ad hominem attacks on my looks, my inability to speak Spanish, and my non-elite nature because I teach in “Kansas” (sic) (“profesor de Kansas”). Aguilar is unable to speak English and does not understand the U.S. system of federalism or he would not write that the University of Missouri is in the state of Kansas rather than the state of Missouri.

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