Date: December 3, 2012
Venue: Paasitorni, Sirkussali, Helsinki
It is often argued that the era of full employment and Keynesian economic policy is over. Most orthodox economists claim that, in the long run, real full employment cannot be achieved with demand management policies. Active demand management is, thus, deemed to be too costly and inflationary. Continue reading
Presentated at the conference: Central Banks, Financial Systems, and Economic Development, Banco Central de la Republica Argentina in Buenos Aires, Argentina on 10/2/2012
Thursday, September 29, 2012, William Black, Randall Wray and Michael Hudson appeared on KCUR.org’s Central Standard. The discussion was a roundtable on all things Post-Keynesian. This link will take you to KCUR’s page where you can listen the discussion.
First Session of Modern Money and Public Purpose – The Historical Evolution of Money and Debt featuring L Randall Wray and Michael Hudson.
By L. Randall Wray & Pavlina R. Tcherneva
(Cross posted at Huffington Post)
Everyone recalls the quip by Leona Helmsley: “We don’t pay taxes. Only the little people pay taxes…”. By “we”, of course, she meant the likes of Mitt Romney. By little people, she meant Romney’s 47% – those not worth the bother. As President, the Mitt made clear, he will not be serving them.
Podcast of my August 3rd appearance on Suzi Weismann’s Beneath the Surface on KPFK. Further discussion of “Why We’re Screwed”.
Comments Off on L. R. Wray’s Appearance on “Beneath the Surface” with Suzi Weissman
Posted in L. Randall Wray
Tagged bank fraud, banksters, Libor
I recently appeared on the “From Alpha to Omega” podcast. You can access the episode via the web using the link below:
http://fromalpha2omega.podomatic.com/player/web/2012-08-05T08_51_21-07_00
Excellent piece up by Bill Mitchell on the Neoliberal “work for the dole” scheme (called the Community Action Programme). Neoliberals first throw millions of workers out of their jobs with fiscal austerity. (Note: the UK is monetarily sovereign, so this is a policy choice–there is no economic necessity to adopt austerity.) Next, they tell those who lost their jobs that if they want to collect the unemployment benefits to which they are entitled, they’ve got to work for the dole–for much less than the minimum wage.
Tom Palley calls this British ELR.
Let’s end the debate about who was first to predict the Euro disaster: Nostradamus.
When I was in high school we discovered Nostradamus while goofing around in the library. Man, that guy was prescient! The book included commentary that showed he had foreseen Hueys dropping Napalm on villages in South Vietnam (an issue of the day). After leaving the library I found the book in my bag—and it became a running prank that Nostradamus would show up in lockers and cars, or on desks and occasionally even in mailboxes. I’m not sure where the book ended up—not with me, as I’d be checking it for his predictions on the Euro crisis. But I’m sure it is there in gory detail.
Lest you think NEP is tooting its own hyperbolic horn a bit too much, I borrowed the title of this post from a 2011 piece written by someone who is currently hostile to MMT even though he acknowledges its predictive accuracy. Continue reading
Posted in L. Randall Wray
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