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Search Results for: inflation
The Smart Bunny’s Guide to Debt, Deficit and Austerity: A Review
One of the most important parts of the collective effort to spread the good news about the Modern Money Theory approach to macroeconomics is popularization of MMT views. We need short simply-stated cultural artifacts that tell people what MMT has … Continue reading
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The Fraud Shotgun: The Overlapping Fields of Fraudulent Fire that Drove the Crisis
By William K. Black I have written a series of articles recently that focus on appraisal fraud. I did so because appraisal fraud allows such “clean” tests of what (and who) drove the financial crisis and how many different private … Continue reading
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Posted in William K. Black
Tagged accounting control fraud, appraisal, appraisers, Control Fraud, Great Financial Crisis
Why did the Fed Refuse to Heed the Appraisers, Prosecutors, and Industry’s Fraud Warnings?
By William K. Black The Appraisers’ Warning of the Lenders’ Fraud Epidemic Two of my recent columns have explained the effort by a very large number of appraisers to combat the “Gresham’s” dynamic that home lenders and their agents were … Continue reading
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Posted in William K. Black
Tagged accounting control fraud, Control Fraud, Great Financial Crisis, gresham's dynamic, MARI
Heeding the Appraisers’ Fraud Warnings Would have Prevented the Crisis
By William K. Black On July 9, 2013 I participated in a radio interview with a lobbyist for the 100 largest financial firms. The San Francisco radio program host asked me what question I would ask the lobbyist and I … Continue reading
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MMT Scholarship
We thought we would present a relatively comprehensive but non-exhaustive list of academic papers and books written by leading MMTers for your reference. Links are included where full read access is available. All links were live as of 9th July … Continue reading
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Revealed Biases: Why MMT Critics Continue to Rely on Strawman Arguments
By William K. Black Economists of nearly every flavor believe in the concept of “revealed preferences.” What matters is not what people say they will do in a hypothetical situation, but what they actually do. Their actions speak more credibly … Continue reading
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Posted in William K. Black
Tagged Control Fraud, krugman, Lowrey, MMT, Modern Monetary Theory, Thoma
The Heritage Foundation: Where 7.8% Growth is “Moderate” and 4.4% is “Spectacular”
By William K. Black Heritage Foundation is run by Jim DeMint, the former Tea Party legislator. Heritage promptly demonstrated the impact of its new leadership with its purported study of the benefits and costs of immigration that ignored the benefits … Continue reading
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Posted in William K. Black
Tagged anti think tank, correa, ecuador, Heritage Foundation, washington consensus
What Social Security/Medicare Solvency Problem?
By Joe Firestone For years now, economists using the ideas of Modern Money Theory (MMT) have been telling us that the so-called long-term “funding” problems of Social Security (SS) and Medicare emphasized incessantly by supporters of austerity are faux problems. … Continue reading
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Sorry Folks, Austerity’s Not Dead Yet!
It makes a good headline; but it’s dangerous to say “austerity is dead,” just because new budget projections indicate that the deficit has already been cut by $200 Billion more than in previous projections, and because the Reinhart-Rogoff study has … Continue reading
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Posted in Joe Firestone
Tagged austerity, budget plans, budget projections, debt and deficits, MMT, modern money theory
Like a Wasting Disease, Neoliberals, Libertarians & the Right are Eating Away Society’s “Connective Tissue” – Part 1
By Michael Hoexter In an industrial or post-industrial society, a civilization with a complex division of labor dispersed throughout a network of metropolitan regions connected with each other and with smaller cities and rural areas, a class of connecting goods … Continue reading
