Daily Archives: April 1, 2015

DealBook’s Willful Blindness Exemplified in the Whistleblowing Article’s First Sentence

By William K. Black
Quito: April Fools’ Day 2015

The odious New York Times “brand” (DealBook) managed in its lead sentence to show that how complete its pro-CEO banker bias is and how that bias prevents it from getting even the most basic aspects of our recurrent crises correct.  The April Fools’ Day article is entitled “S.E.C. Fires Warning Shot About Confidentiality Agreements.”

“A sound that delights regulators and strikes fear in corporations — employees’ blowing the whistle on wrongdoing — is poised to become louder.”

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Modern Monetary Theory

Pavlina R. Tcherneva

Pondering here from my academic station
Why has never before such a simple observation
Caused more confusion and consternation
Amongst the general population

That the government is the currency-issuing monopolist
Is not a radical idea, nor a hypothesis
It is a simple, nay, elementary fact
That is often so fervently attacked

IT conjures fears of hyperinflation
The dread of every civilized nation
A crippling phobia that stunts our facilities
To rationally think about the economic possibilities

Pundits, economists, and the average bloke
Firmly believe that the U.S. government is broke
And defend this dreadful and deadly mythology
“There Is NO Alternative,” they say, without an apology

Inequality, retirement insecurity, mass unemployment
Environmental blight, pay gap, and other disappointments
Are no longer problems intractable, alarming and eerie
With a brief introduction to Modern Monetary Theory

©March 31, 2015