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Search Results for: inflation
Get a TAN, Yanis: A Timely Alternative Financing Instrument for Greece
By Rob Parenteau The recent election of an explicitly anti-austerity party in Greece has upset the prevailing policy consensus in the eurozone, and raised a number of issues that have remained ignored or suppressed in policy circles. Expansionary fiscal consolidations … Continue reading
Oral Testimony of William K. Black
Note: This oral testimony was delivered on February 5, 2015 in Dublin, Ireland before the Oireachtas’ Joint Committee of Inquiry into the Banking Crisis. These are my prepared remarks. My actual oral testimony differed considerably. A transcript is available from the Inquiry, … Continue reading
Posted in William K. Black
Tagged bank fraud, banksters, Financial crisis, gresham's dynamic
Syriza Wins in Greece: NYT and WSJ Still Get Their Re-Writes Wrong
By William K. Black Bloomington, MN: January 26, 2015 I wrote a column Sunday, January 25, 2015 as the Greek election results became sufficiently clear to know that Syriza was receiving a strong plurality from the voters and as the New … Continue reading
Syriza Wins and the NYT and WSJ Coverage Competes for Mendacity
By William K. Black Bloomington, MN: January 25, 2015 The Wall Street Journal and the New York Time’s eurozone reporters, who share the same unshakable devotion to TINA and austerity as the Murdochized WSJ news staff have been thrown into a … Continue reading
Posted in William K. Black
Tagged Austerians, austerity, ECB, greece, merkel, nyt, Syriza, Trokia, WSJ
The Politics of MMT (Strange Bedfellows)
By Jonathan Denn There are the cut-and-dried facts, about how money actually works, which MMT succinctly explains—that those who were unaware—seem to readily grasp. The US is the issuer of currency not just currency users like households, towns, businesses and … Continue reading
Posted in Guest Blogger
The Triumph of Radical Right Economics in Greece – At the Hands of “Socialists”
By William K. Black Bloomington, MN: January 19, 2015 In my January 18, 2015 column, I explained that German Prime Minister Angela Merkel’s sweetest triumph was successfully extorting George Papandreou, Greece’s Prime Minister, head of the Greek Socialist Movemnt (PASOK), … Continue reading
It Would be Well if Economics Were Modest for it has Much to be Modest About
By William K. Black Bloomington, MN: January 13, 2015 One of the many quips ascribed to Winston Churchill is that it was well that Clement Atlee were modest for he had much to be modest about. This article comments on a … Continue reading
What if the Public Understood How Money Works?
By William K. Black Bloomington, MN: January 13, 2015 Economists as the Secular Priestly Caste Guarding Knowledge of the Holy of Holies There’s something invigorating about people freaking out about modern monetary theory (MMT). They treat MMT as akin to … Continue reading
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 … Continue reading
Posted in William K. Black
Tagged Dave Leonhardt, debt, debt hysteria, nyt, Pete Peterson
EU Deflation Arrives and the Troika Continues to Fiddle While the EU Burns
By William K. Black Bloomington, MN: January 7, 2015 The troika (the EU Commission, the ECB, and the IMF) are flirting with throwing the entire eurozone back into a third Great Recession and much of the periphery into the continuation of … Continue reading