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Wall Street Still Doesn’t Get It
Wall Street Still Doesn’t Get It Peasant Insurance, Greek Debts, and CLX Derivatives By L. Randall Wray Forget the bonuses. Sure, it is disgusting that Wall Street is funneling government bail-out...
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Deficit Doves Meet the Deficit Owls
Deficit Doves Meet the Deficit Owls By Stephanie Kelton On July 19, The Daily Beast published a piece by Harold Evans, Joseph Stiglitz, Alan Blinder, Robert Reich and others, urging greater fiscal...
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May the Biggest Loser Win: Euroland’s Race to the Bottom
May the Biggest Loser Win: Euroland’s Race to the Bottom By L. Randall Wray As part of the EU/IMF plan to resolve Greece’s debt crisis and to make its economy more competitive, the government...
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MEMO TO DODD: ELIZABETH WARREN IS WORTH THE FIGHT
MEMO TO DODD: ELIZABETH WARREN IS WORTH THE FIGHT By L. Randall Wray Outgoing Senator Dodd just weighed in on the possibility that Elizabeth Warren might get the top spot heading the new Bureau of...
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The Wingnuts go after Fannie and Freddie
The Wingnuts go after Fannie and Freddie By L. Randall Wray In recent weeks the wingnut right wing ideologues have made a lot of headway in their goal of gutting Social Security. Well-funded by hedge...
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While Labor Unions celebrate Anti-Austerity Day in Europe, European...
While Labor Unions celebrate Anti-Austerity Day in Europe, European Neoliberals raise the ante: Governments must Lower Wages or Suffer Financial Blackmail By Michael Hudson Most of the press has...
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Fannie and Freddie’s Confused Futures
Fannie and Freddie’s Confused Futures By William K. Black (cross-posted with Benzinga.com) A few days after the Obama administration released its vague concepts for the future of Fannie and Freddie it...
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The Perfect Fiscal Storm: Causes, Consequences, Solutions
The Perfect Fiscal Storm: Causes, Consequences, Solutions By L. Randall Wray Approximately a decade ago I wrote a paper with a similar title, announcing that forces were aligned to produce the perfect...
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Time to panic? You Betcha.
Time to panic? You Betcha. By Stephanie Kelton Earlier this week, President Obama talked about the weakening state of the economy, telling us that he’s not worried about a double-dip recession and that...
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The High Price of the President’s Council of Economic Advisors’ Failure to...
The High Price of the President’s Council of Economic Advisors’ Failure to Read Akerlof & Romer By William K. Black (Cross-posted from Benzinga.com) By reviewing the annual reports (2005-2007) of...
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