NEP’s William Black appears on Daily Ticker with Henry Blodget. The election in Italy moved markets around the world. Blodget gets an explanation from Bill why Italy has such an impact.
You can view the episode at this link. (Sorry no embedding Yahoo videos).
Posted in William K. Black
Tagged austerity, eurozone crisis, Financial crisis, Italy, MMT, Modern Monetary Theory
By William K. Black
(Cross posted at Benzinga.com)
We are in the midst of the blame game about the “Sequester.” I wrote last year about the fact that President Obama had twice blocked Republican efforts to remove the Sequester. President Obama went so far as to issue a veto threat to block the second effort. I found contemporaneous reportage on the President’s efforts to preserve the Sequester – and the articles were not critical of those efforts. I found no contemporaneous rebuttal by the administration of these reports.
Posted in William K. Black
Tagged austerity, blame game, MMT, Modern Monetary Theory, obama, sequester
By William K. Black
(Cross posted at Benzinga.com)
Introduction to the “Reinventing Government” movement
Anyone who has worked for a large government or firm knows their tendency to be bureaucratic. Everyone has had the experience of dealing with bureaucratic mentalities, including the volunteer soccer referee who lets power go to his head and becomes an arrogant demigod. Everyone has had to deal with a public clerk or a private insurance company’s claim official who drives one nuts. Working for a federal agency meant that I often had to deal with a bureaucratic personality to get things done. That is why so many of us that have worked for a large government or firm are passionately anti-bureaucratic.
Posted in William K. Black
Tagged 1995 speeches, clinton, crony capitalism, gore, reinventing government
NEP’s William Black appeared on The Real News , February 17, 2013, discussing how Ecuador has been dealing with the recession, and some of the things we can learn from it. You can view the video below or if you wish to view the video as well as the transcript posted at TRNN, you can click this link.
Posted in William K. Black
Tagged austerity, correa, ecuador, MMT, Modern Monetary Theory, stimulus
NEP’s William Black is part NYTimes.com’s Room for Debate. You can view his questions that senators should be asking Jack Lew at his confirmation hearings as well as the subsequent comments and debate at NYTimes.com.
Posted in William K. Black
Tagged Jack Lew. Room For Debate, MMT, Modern Monetary Theory
By William K. Black
(Cross posted at Benzinga.com)
Ecuador’s President Rafael Correa has the special ability to drive our most elite media nuts. Failures are self-refuting. It is the successful that drive their opponents to distraction, and much of the media can barely contain its eagerness to write that Correa has failed. In 2009, The Economist practically licked its lips in eager anticipation of what it hoped would be Correa’s (and Ecuador’s) failure due to the “country’s acute financial problems.” Continue reading
NEP’s William Black appeared on al Jazeera discussing the privatization of cities, in effect – charter cities, in Honduras. William Black has a previous post here at NEP on this same topic. If you would like to view the written commentary at al Jazeera, it is available through this link.
By William K. Black
(Cross posted at Benzinga.com)
Roger Erickson brought to my attention a column by Matthew Yglesias that relates to the ethical issues I was discussing in my column yesterday about Yglesias’ ode to GHB (Geithner, Holder, and Breuer’s doctrine of immunity for the largest banks). (In deference to Yves’ endocrinologist, I am renaming it GBH (Brit-speak for “grievous bodily harm”).
Posted in William K. Black
Tagged banksters, Bastiat, Mankiw morality, Matt Yglesias, MMT, Modern Monetary Theory
The Alternative* Frontline Untouchables interview
*This video is a parody of the Frontline Untouchables interview that aired recently on PBS
America needs its financial sector cleaned up and Bill Black tirelessly presses for this to happen!
Posted in William K. Black
Tagged accounting control fraud, banksters, Financial crisis, gresham's dynamic
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