L Randall Wray: Crisis not Behind Us; Financial Institutions & Spending Cuts Dave Strickler 2016-11-24 | Originally published/uploaded on May 29, 2011L. Randall Wray: Banks are bigger than in '07, are cooking their books to show profits - need regulation and increase in purchasing power and jobs program to avoid bigger crashL. Randall Wray Bio: Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis.Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008.Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.
-Improved Audio- STEPHANIE KELTON The Angry Birds Approach to Understanding Deficits Dave Strickler 2017-10-13 | There is a great deal of federal budget misinformation thrown at the public by politicians to maintain a national confusion on federal deficits. Kelton cuts through the lack of clarity very quickly.Stephanie Kelton BIO: Kelton studied Business Finance and Economics at the California State University, Sacramento, earning a B.S. and a B.A. in 1995. She received a Rotary scholarship to study Economics at the University of Cambridge, receiving her Master in 1997. On a fellowship from Christ's College, Cambridge, Kelton then spent a year at the Levy Economics Institute of Bard College. She obtained a Ph.D. in Economics from The New School in 2001 with her dissertation, "Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems. Professor Kelton is also Chair of the Department of Economics at the University of Missouri-Kansas City explains the Bretton Woods System and the end of the Gold Standard in the 1970s, why comparisons to the Weimar Republic and Zimbabwe made by austerity promoters are wrong, high inflation does not happen in well-functioning democracies, why we think about the deficit in the wrong way, the smart way to think about the Simpson Bowles austerity plan, the purpose of taxes, Hillary Clinton running on bringing down the debt and addressing the inequality crisis, Social Security and inequality, what Thomas Piketty misses, why labor needs to make a comeback and why fighting inequality must go beyond raising taxes at the top.Stephanie Kelton is an Economic Advisor to the Bernie 2016 presidential campaign. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) and is Professor of Economics at the University of Missouri-Kansas City. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis.Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, health care, international finance and employment policy. Follow her on Twitter @stephaniekelton or at her website http://stephaniekelton.com
Dean Baker - Trump Unveils Outline of his Pro Corporate Tax Plan Dave Strickler 2017-05-07 | TRNN Originally Published on Apr 26, 2017Published on Apr 26, 2017Trump would be one of the main beneficiaries of his own tax reform proposal, benefitting from the lowering of "pass-through" income, says CEPR's Dean BakerSpecial Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or Donate to them here: goo.gl/BY0UdrDean Baker co-founded CEPR (Center for Economic and Policy Research) in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. His blog, "Beat the Press," provides commentary on economic reporting. He received his B.A. from Swarthmore College and his Ph.D. in Economics from the University of Michigan.His analyses have appeared in many major publications, including the Atlantic Monthly, the Washington Post, the London Financial Times, and the New York Daily News. He received his Ph.D in economics from the University of Michigan.Dean has written several books, his latest being Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer (Center for Economic and Policy Research 2016). His other books include Getting Back to Full Employment: A Better Bargain for Working People (with Jared Bernstein, Center for Economic and Policy Research 2013), The End of Loser Liberalism: Making Markets Progressive (Center for Economic and Policy Research 2011), Taking Economics Seriously (MIT Press 2010) which thinks through what we might gain if we took the ideological blinders off of basic economic principles; and False Profits: Recovering from the Bubble Economy (PoliPoint Press 2010) about what caused — and how to fix — the current economic crisis. In 2009, he wrote Plunder and Blunder: The Rise and Fall of the Bubble Economy (PoliPoint Press), which chronicled the growth and collapse of the stock and housing bubbles and explained how policy blunders and greed led to the catastrophic — but completely predictable — market meltdowns. He also wrote a chapter ("From Financial Crisis to Opportunity") in Thinking Big: Progressive Ideas for a New Era (Progressive Ideas Network 2009). His previous books include The United States Since 1980 (Cambridge University Press 2007); The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (Center for Economic and Policy Research 2006), and Social Security: The Phony Crisis (with Mark Weisbrot, University of Chicago Press 1999). His book Getting Prices Right: The Debate Over the Consumer Price Index (editor, M.E. Sharpe 1997) was a winner of a Choice Book Award as one of the outstanding academic books of the year.Dean Baker is located on Twitter at twitter.com/DeanBaker13
Michael Hudson on Greece Passes New Austerity for New Loans Dave Strickler 2017-05-07 | TRNN Published on May 5, 2017Bond holders, banks, and IMF bear responsibility for having made irresponsible loans to Greece, so it is not right for them to force yet more austerity on Greece, says Michael HudsonSpecial Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0UdrMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael's economic website and contact information is located on the internet at http://www.michael-hudson.com
Michael Hudson Discusses Junk Economics at The Democracy Collaborative Dave Strickler 2017-04-06 | Published on Feb 27, 2017Renowned Economist Michael Hudson joined us for lunch on February 22 to discuss his new book "J is for Junk Economics: A Guide to Reality in an Age of Deception." Hudson will be working with the Next System Project on a new initiative that revolves around money and banking. Be on the look out for more!Hudson is a Research Professor of Economics at the University of Missouri-Kansas City as well as at Peking University. He is a prolific writer and author of many books, notably "Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy."Michael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.comYou can learn more about Michael Hudson here: http://michael-hudson.comYou can purchase a copy of "J is for Junk Economics" here: amazon.com/dp/3981484258
Chris Hedges Delivers the Ultimate Trump Takedown Dave Strickler 2017-04-06 | Originally Published on Mar 14, 2017Truthdig columnist and Pulitzer-Prize-winning journalist Chris Hedges addresses fascism and the rise of the Trump war machine in the keynote speech at the "After Trump and Pussy Hats" event in Vancouver, British Columbia, on March 3, 2017.Introductions by Cecilia Point of the Musqueam First Nation and Lee Lakeman of Vancouver Rape and Women's Relief Shelter. Credits: Video by Collectivistahttp://www.collectivista.orgChris Hedges BIO: Chris Hedges, whose column is published Mondays on Truthdig, spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans. He has reported from more than 50 countries and has worked for The Christian Science Monitor, National Public Radio, The Dallas Morning News and The New York Times, for which he was a foreign correspondent for 15 years. He has written nine books, including "Empire of Illusion: The End of Literacy and the Triumph of Spectacle" (2009), "I Don't Believe in Atheists" (2008) and the best-selling "American Fascists: The Christian Right and the War on America" (2008). His book "War Is a Force That Gives Us Meaning" (2003) was a finalist for the National Book Critics Circle Award for Nonfiction.
Michael Hudson on the Capitalist Way Cheat, Lie & Steal Dave Strickler 2017-04-06 | Originally Published on Mar 28, 2017We’re living in a time of economic babble, where politicians and economists throw out words like “reform,” “privatize,” and “austerity” to prop up corrupt capitalist opportunists. So says our guest this week, economist Michael Hudson, author of J is for Junk Economics.For more on junk, strikes, and capitalism go to our website. We get our support from viewers like you! www.lauraflanders.com/donatePlus, a report from Diverse Filmmaker’s Alliance on the Yemeni bodega workers who went on strike in New York to protest the Muslim Ban. And Laura’s F-Word on why Donald Trump’s new budget isn’t about cuts -- it’s about conversions. The budget wants to convert public dollars into private funding for military research and spending, for the only government apparatus that never gets audited.Michael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
William K Black - Steve Mnuchin, Who Played Key Role in Foreclosure Crisis, Confirmed As Treasury S Dave Strickler 2017-03-28 | Originally Published on Feb 13, 2017Former financial regulator Bill Black says that a Mnuchin-owned bank made hundreds of billions of dollars of fraudulent mortgage loans that caused a financial catastropheHelp support The Real News by making a donation today: http://therealnews.com/donateBill Black''s BIO: William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. Twitter handle @WilliamKBlack
William K Black: Trump Adds Another Former Goldman Sachs Official to His Administration Dave Strickler 2017-03-28 | Originally Published on Mar 19, 2017James Donovan's area of expertise, like most Goldman Sachs folks, is not economics or finance, but law - because that's how Goldman Sachs makes its money: by evading, controlling and writing the lawsVisit http://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donateBill Black''s BIO: William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. Twitter handle @WilliamKBlack
L Randall Wray - MMT A Balanced Budget Amendment Would Be Disastrous Dave Strickler 2017-03-06 | Deficit Owls Originaly Published on their site on Feb 27, 2017Professor L. Randall Wray discussing the nature of money with Steve Grumbine of Real Progressives. Wray explains that all financial assets are somebody's liability. One person's IOU is always somebody else's asset, their wealth. This means that financial assets equal financial liabilities for the world as a whole, and on the consolidated "world balance sheet," all these financial claims would cancel out and you'd only be left with real wealth (cars, homes, factory equipment, etc).These IOUs are transferable. If I hold Johnny's IOU, I can sell it to Jimmy, by trading him Johnny's IOU for, say, a sandwich, if Jimmy is willing to accept Johnny's IOU. Some IOUs are widely accepted, while some are not.What determines if an IOU will be accepted? First, what does the IOU promise? Is it something that people want? If the IOU promises gold and people want gold, then this will increase acceptability. If you promise to accept your IOU back in payment, and people know they will need to make payments to you, then this will increase the acceptability of your IOUs. And second, how credible is this promise? If I promise to convert my IOUs into gold on demand but it's widely known that I have no gold, then these IOUs won't be very widely accepted.The things we call "money," (such as currency, bank deposits, and central bank reserves) are no different. They are somebody's IOU, either the government, or your bank, or whatever. And there are promises associated with those IOUs. In the case of government money, the government promises to accept its IOUs back to settle payments to the government, like for taxes. In the case of bank money, the bank promises to accept its IOUs back to settle payments to the bank, and also promises to convert on demand into government money. So we can see here why government money (government IOUs) are widely accepted. Because the government imposes a tax obligation on many of its citizens, and threatens a penalty for non-payment, this means that many citizens will need to make payments to the government. And the government only accepts its own IOUs for these payments. This ensures that government money will be widely accepted.See the whole interview here: https://www.youtube.com/watch?v=-7Stb...L. Randall Wray Bio: Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky. http://www.levyinstitute.org/scholars/l-randall-wray
Michael Hudson on TRNN J is for Junk Economics 5 of 5 Dave Strickler 2017-03-06 | Originally Published on TRNN : Mar 4, 2017Economist Michael Hudson explains why social security does not need to be ‘pre-funded’ by its beneficiariesHelp support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Michael Hudson on TRNN J is for Junk Economics 4 of 5 Dave Strickler 2017-03-06 | riginally Published on Mar 2, 2017Economist Michael Hudson takes on the mythology surrounding government budgets and explains how the term ‘stability’ has been used as a cover for financial fraudHelp support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Michael Hudson on TRNN J is for Junk Economics 3 of 5 Dave Strickler 2017-03-06 | Originally Published on Mar 2, 2017Economist Michael Hudson explains that Trump is planning to turn the U.S. economy into a Russian-style kleptocracy, says economist Michael HudsonHelp support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Michael Hudson on TRNN J is for Junk Economics 2 of 5 Dave Strickler 2017-03-06 | Originally Published on Feb 28, 2017Economist Michael Hudson reveals that Trump’s infrastructure plan will privatize all the benefits for the financiers and make sure that the population at large gets zero benefit from it while paying the costs, says economist Michael HudsonHelp support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Michael Hudson on TRNN J is for Junk Economics 1 of 5 Dave Strickler 2017-03-06 | Originally Published on Feb 26, 2017Economist Michael Hudson, author of the newly released 'J is for Junk Economics,' says the media and academia use well-crafted euphemisms to conceal how the economy really worksHelp support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Michael Hudson The Orwellian Turn in Contemporary Economics Dave Strickler 2017-02-06 | (Originally Publiished November 16, 2016) Help support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael is located on the internet at http://www.michael-hudson.com
Mark Blyth - Guest Speaker at AUP ~ The Future of The Eurozone Dave Strickler 2017-02-06 | Mark Blyth Guest Speaker at AUP - The Future of The Eurozone(Originally Published on Dec 4, 2015)On Monday, November 9 Mark Blyth, Brown University Eastman Professor of Political Economy, spoke to the AUP community on the future of the Eurozone. Professor Blyth is the acclaimed author of the 2012 book Austerity: "The History of a Dangerous Idea". His talk addressed some of the challenging questions facing the European Union and by definition the global economy. Will Greece emerge from the insolvency ward of the monetary hospice? Is the future of the euro secure? What about the Eurozone itself? What are the various economic and political factors at play? Don’t miss hearing from a renowned international economist on this very timely and important topic.Mark Blyth: I was born in Dundee, Scotland, in 1967. I grew up in relative poverty, in a very real sense a “welfare kid”. Today I’m a professor at an Ivy League university in the USA. Probabilistically speaking, I am as an extreme example of intra-generational social mobility as you can find anywhere. I received my PhD in political science from Columbia University in 1999 and taught at the Johns Hopkins University from 1997 until 2009. Since then, I have been Professor of International Political Economy in the Department of Political Science at Brown University and a Faculty Fellow at Brown’s Watson Institute for International Studies. My research interests lie in the field of international political economy. More specifically, my research trespasses several fields and aims to be as interdisciplinary as possible, drawing from political science, economics, sociology, complexity theory, and evolutionary theory. My work falls into several related areas: the politics of ideas, how institutions change, political parties, and the politics of finance. The politics of ideas focuses upon how agents deal with complexity and uncertainty in the design of institutions and the expression of their interests. Institutional change focuses upon evolutionary dynamics in complex systems, especially financial systems. I am interested in how, again, agents act within such systems given the non-linear dynamics that they generate. My work on political parties has focused upon how political parties self-insure against uncertainty via cartel structures. My work on finance focuses upon the politics of regulatory change, the role of macro-prudential regulation, the distributional costs of financial crises, and the power of financial ideas in politics.His Twitter handle is @MkBlyth
William K. Black - Wilbur Rosss Economic Expertise Exploiting Tax Law Dave Strickler 2017-02-06 | Originally Published on Jan 18, 2017White collar criminologist Bill Black says Donald Trump is the only president in modern times who has not disclosed, nor will end, his massive conflicts of interest before taking office.Help support The Real News by making a donation today: http://therealnews.com/donateBill Black''s BIO: William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. Twitter handle @WilliamKBlack
Mark Blyth - Austerity The History of a Dangerous Idea -pub2013- Dave Strickler 2017-02-06 | Mark Blyth - Austerity: The History of a Dangerous Idea(Originally Published on Apr 18, 2013)Mark Blyth: I was born in Dundee, Scotland, in 1967. I grew up in relative poverty, in a very real sense a “welfare kid”. Today I’m a professor at an Ivy League university in the USA. Probabilistically speaking, I am as an extreme example of intra-generational social mobility as you can find anywhere. I received my PhD in political science from Columbia University in 1999 and taught at the Johns Hopkins University from 1997 until 2009. Since then, I have been Professor of International Political Economy in the Department of Political Science at Brown University and a Faculty Fellow at Brown’s Watson Institute for International Studies. My research interests lie in the field of international political economy. More specifically, my research trespasses several fields and aims to be as interdisciplinary as possible, drawing from political science, economics, sociology, complexity theory, and evolutionary theory. My work falls into several related areas: the politics of ideas, how institutions change, political parties, and the politics of finance. The politics of ideas focuses upon how agents deal with complexity and uncertainty in the design of institutions and the expression of their interests. Institutional change focuses upon evolutionary dynamics in complex systems, especially financial systems. I am interested in how, again, agents act within such systems given the non-linear dynamics that they generate. My work on political parties has focused upon how political parties self-insure against uncertainty via cartel structures. My work on finance focuses upon the politics of regulatory change, the role of macro-prudential regulation, the distributional costs of financial crises, and the power of financial ideas in politics.His Twitter handle is @MkBlyth
Mark Blyth After the Crisis -pub2012- Dave Strickler 2017-02-06 | The Van Leer Jerusalem Institute - מכון ון ליר בירושלים How to Tell the Forest from the Trees When You Are not Yet out of the Woods(Originally Published Wednesday, February 22, 2012)Lecture by: Prof. Mark Blyth, Brown UniversityChair: Prof. Gabriel Motzkin, Director, The Van Leer Jerusalem InstituteDiscussants: Prof. Reuben Gronau, The Hebrew University of JerusalemDr. Tal Sadeh, Tel Aviv UniversityMark Blyth: I was born in Dundee, Scotland, in 1967. I grew up in relative poverty, in a very real sense a “welfare kid”. Today I’m a professor at an Ivy League university in the USA. Probabilistically speaking, I am as an extreme example of intra-generational social mobility as you can find anywhere. I received my PhD in political science from Columbia University in 1999 and taught at the Johns Hopkins University from 1997 until 2009. Since then, I have been Professor of International Political Economy in the Department of Political Science at Brown University and a Faculty Fellow at Brown’s Watson Institute for International Studies. My research interests lie in the field of international political economy. More specifically, my research trespasses several fields and aims to be as interdisciplinary as possible, drawing from political science, economics, sociology, complexity theory, and evolutionary theory. My work falls into several related areas: the politics of ideas, how institutions change, political parties, and the politics of finance. The politics of ideas focuses upon how agents deal with complexity and uncertainty in the design of institutions and the expression of their interests. Institutional change focuses upon evolutionary dynamics in complex systems, especially financial systems. I am interested in how, again, agents act within such systems given the non-linear dynamics that they generate. My work on political parties has focused upon how political parties self-insure against uncertainty via cartel structures. My work on finance focuses upon the politics of regulatory change, the role of macro-prudential regulation, the distributional costs of financial crises, and the power of financial ideas in politics.His Twitter handle is @MkBlyth
Steve Keen: Private Debt - Keens solution Peoples QE Dave Strickler 2017-01-23 | Originally Published on Dec 10, 2016Prof. Steve Keen of Kingston University London joined us at Room for Discussion on friday the 9th of December to talk about his critique on mainstream economics, the danger of vast private debt and his proposed solution, people's QE.For more information about Room for Discussion visit our website: roomfordiscussion.comSteve Keen's BIO: Keen is one of very few economists ( out of twelve worldwide) - globally - who perfectly predicted the 2008 financial crisis. More recently he also predicted the Chinese economic downturn and deflation in Europe. Keen quoted, "I am Professor of Economics and Head of the School of Economics, Politics and History at Kingston University London. I am also a prominent critic of conventional economics. Economics has come under challenge from pundits, the public and students since the 2007 crisis, and so it should. Mainstream economists failed to anticipate the crisis, not because it was an unpredictable “Black Swan”, but because false pre-determined beliefs meant they ignored the cause of the crisis: banks lending too much money to finance speculation rather than investment. I did anticipate the crisis because banks, debt and money play an integral role in my dynamic (as opposed to equilibrium) approach to economics. Many mainstream economists think what I do is more like engineering than economics, and I’m proud of that. My book Debunking Economics explains the many logical and empirical flaws in mainstream (and Marxian) economics without using mathematics. It has been translated into Chinese, French and Spanish. I have about 70 other academic publications." unquote - Steve Keen can be followed on twitter at @profSteveKeen and here at http://www.debtdeflation.com/blogs
Michael Hudson: Trump’s Infrastructure Plan -Public Investment, Private Profit Dave Strickler 2017-01-23 | Originally published on TRNN on Jan 20, 2017The newly inaugurated president says his plan will benefit all Americans, but the 99% are likely to pay for it while the 1% profit, says economist Michael Hudson.Help support The Real News by making a donation today: http://therealnews.com/donateMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Michael Hudson is at: http://www.michael-hudson.com
Thom Hartmann with Richard Wolff - How Trump Could Bring on the Crash of 2016 Dave Strickler 2017-01-10 | Originally Published on Dec 28, 2016Thom Hartmann discusses Trump’s economic and trade policies with economist and professor Dr. Richard Wolff. If Trump cuts taxes and ramps up defense spending, the U.S. could be looking at a shift back to Reagan-era economics.Richard D. Wolff small BIO: WOLFF is Professor of Economics Emeritus, University of Massachusetts, and a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York City. He has authored or co-authored more than a dozen books, including his most recent; Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010- 2014, and he hosts the weekly Economic Update podcast. John Nichols' many books include The "S" Word: A Short History of an American Tradition...Socialism, and, most recently, Dollarocracy: How the Money-and-Media-Election Complex is Destroying America. This episode also features a commentary from Laura Flanders on renaming capitalism.Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info and his twitter handle is @profwolff
Chris Hedges with Mark Blyth: The Cost of Austerity Dave Strickler 2017-01-10 | Originally Published on Sep 10, 2016On this episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008.In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.About the Author: Mark Blyth is a faculty fellow at the Watson Institute, professor of international political economy in Brown's Political Science Department, and director of the University's undergraduate programs in development studies and international relations.He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; editor of The Routledge Handbook of International Political Economy: IPE as a Global Conversation, which surveys different schools of IPE around the globe; and co-editor of a volume on constructivist theory and political economy titled Constructing the International Economy. He is working on a new book that questions the political and economic sustainability of liberal democracies, called The End of the Liberal World? Blyth is a member of the Warwick Commission on International Financial Reform. He is a member of the editorial board of the Review of International Political Economy, and his articles have appeared in journals such as the American Political Science Review, Perspectives on Politics, Comparative Politics, and World Politics.He has a PhD in political science from Columbia University and taught at Johns Hopkins University from 1997 to 2009. His Twitter handle is @MkBlyth
Chris Hedges with David Cay Johnston A Tax System Rigged for the Rich Dave Strickler 2017-01-10 | Originally Published on Oct 15, 2016On this week’s episode of On Contact, Chris Hedges sits down with David Cay Johnson, author of “The Making of Donald Trump” to examine how the Republican presidential nominee and the rich are benefiting from a rigged tax system. RT Correspondent Anya Parampil further explores how the U.S. tax code has been rewritten to benefit the wealthy.David Cay Johnston, an investigative reporter who won a Pulitzer Prize while at The New York Times, teaches business, tax and property law of the ancient world at the Syracuse University College of Law. Johnston’s innovative coverage of tax issues in The New York Times prompted tax policy changes by Presidents Clinton and George W. Bush that Congress valued at more than $250 billion. He is the best-selling author of “Perfectly Legal,” “Free Lunch” and “The Fine Print” and the editor of the new anthology “Divided: The Perils of Our Growing Inequality.”
Dean Baker: A Public Option is the Solution to the Un Affordable Care Premium Jumps Dave Strickler 2017-01-09 | Originally Published on TRNN on Oct 27, 2016Dean Baker of CEPR says if people could buy into a public option, it could seriously mitigate the price hikesDean Baker BIO: Dean Baker co-founded CEPR (Center for Economic and Policy Research) in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. His blog, "Beat the Press," provides commentary on economic reporting. He received his B.A. from Swarthmore College and his Ph.D. in Economics from the University of Michigan.His analyses have appeared in many major publications, including the Atlantic Monthly, the Washington Post, the London Financial Times, and the New York Daily News. He received his Ph.D in economics from the University of Michigan.Dean has written several books, his latest being Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer (Center for Economic and Policy Research 2016). His other books include Getting Back to Full Employment: A Better Bargain for Working People (with Jared Bernstein, Center for Economic and Policy Research 2013), The End of Loser Liberalism: Making Markets Progressive (Center for Economic and Policy Research 2011), Taking Economics Seriously (MIT Press 2010) which thinks through what we might gain if we took the ideological blinders off of basic economic principles; and False Profits: Recovering from the Bubble Economy (PoliPoint Press 2010) about what caused — and how to fix — the current economic crisis. In 2009, he wrote Plunder and Blunder: The Rise and Fall of the Bubble Economy (PoliPoint Press), which chronicled the growth and collapse of the stock and housing bubbles and explained how policy blunders and greed led to the catastrophic — but completely predictable — market meltdowns. He also wrote a chapter ("From Financial Crisis to Opportunity") in Thinking Big: Progressive Ideas for a New Era (Progressive Ideas Network 2009). His previous books include The United States Since 1980 (Cambridge University Press 2007); The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (Center for Economic and Policy Research 2006), and Social Security: The Phony Crisis (with Mark Weisbrot, University of Chicago Press 1999). His book Getting Prices Right: The Debate Over the Consumer Price Index (editor, M.E. Sharpe 1997) was a winner of a Choice Book Award as one of the outstanding academic books of the year.Special Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0Udr
Chris Hedges on RAI: Wages of Rebellion - The Moral Imperative of Revolt (3/3) Dave Strickler 2017-01-09 | Originally PUblished on TRNN on Jul 7, 2015On Reality Asserts Itself, Chris Hedges and Paul Jay discuss the role of violence in revolution and the Bernie Sanders campaignChris Hedges BIO: Chris Hedges, whose column is published Mondays on Truthdig, spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans. He has reported from more than 50 countries and has worked for The Christian Science Monitor, National Public Radio, The Dallas Morning News and The New York Times, for which he was a foreign correspondent for 15 years. He has written nine books, including "Empire of Illusion: The End of Literacy and the Triumph of Spectacle" (2009), "I Don't Believe in Atheists" (2008) and the best-selling "American Fascists: The Christian Right and the War on America" (2008). His book "War Is a Force That Gives Us Meaning" (2003) was a finalist for the National Book Critics Circle Award for Nonfiction.Special Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0Udr
Chris Hedges on RAI: Wages of Rebellion - The Moral Imperative of Revolt (2/3) Dave Strickler 2017-01-09 | Originally PUblished on TRNN on Jul 7, 2015On Reality Asserts Itself, Chris Hedges and Paul Jay discuss Ferguson, Baltimore and the need to build a movement with candidates that targets white supremacy and corporate capitalismChris Hedges BIO: Chris Hedges, whose column is published Mondays on Truthdig, spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans. He has reported from more than 50 countries and has worked for The Christian Science Monitor, National Public Radio, The Dallas Morning News and The New York Times, for which he was a foreign correspondent for 15 years. He has written nine books, including "Empire of Illusion: The End of Literacy and the Triumph of Spectacle" (2009), "I Don't Believe in Atheists" (2008) and the best-selling "American Fascists: The Christian Right and the War on America" (2008). His book "War Is a Force That Gives Us Meaning" (2003) was a finalist for the National Book Critics Circle Award for Nonfiction.Special Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0Udr
Chris Hedges on RAI: Wages of Rebellion - The Moral Imperative of Revolt (1/3) Dave Strickler 2017-01-09 | Originally Published on TRNN on Jul 7, 2015On Reality Asserts Itself, Chris Hedges discusses his new book with Paul Jay; in part one they focus on the revolutionary significance of the life of Tom Paine, a man who understood the moral imperative of revolt and was willing to pay the priceChris Hedges BIO: Chris Hedges, whose column is published Mondays on Truthdig, spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans. He has reported from more than 50 countries and has worked for The Christian Science Monitor, National Public Radio, The Dallas Morning News and The New York Times, for which he was a foreign correspondent for 15 years. He has written nine books, including "Empire of Illusion: The End of Literacy and the Triumph of Spectacle" (2009), "I Don't Believe in Atheists" (2008) and the best-selling "American Fascists: The Christian Right and the War on America" (2008). His book "War Is a Force That Gives Us Meaning" (2003) was a finalist for the National Book Critics Circle Award for Nonfiction.Special Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0Udr
Leo Panitch: Can Trump’s Gangster Capitalism Manage the Global Economy Dave Strickler 2016-11-30 | Special Thanks to The Real News Network for permission to use on DaveStricklers YouTube channel, be sure to visit them for further comprehensive coverage, other news aspects or donate to them here: goo.gl/BY0UdrLeo Panitch Bio: Panitch is the Canada Research Chair in Comparative Political Economy and a distinguished research professor of political science at York University in Toronto. He is the author of many books, the most recent of which include UK Deutscher Memorial Prize winner The Making of Global Capitalism: The Political Economy of American Empire and In and Out of Crisis: The Global Financial Meltdown and Left Alternatives. He is also a co-editor of the Socialist Register, whose 2013 volume is entitled The Question of Strategy.
L Randall Wray: MMT - What Modern Money Theory is NOT Saying Dave Strickler 2016-11-29 | Originally published by DEFICIT OWLS on Aug 19, 2016Professor L. Randall Wray on a few things that Modern Money Theory is NOT saying, but people seem to hear anyway. They include: the government CAN buy anything for sale, but that doesn't mean it should; MMT policies are not inherently inflationary, but there COULD be an impact on exchange rates; and overspending by the government CAN lead to inflation. L. Randall Wray Bio: Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.
Stephanie Kelton: What Is A Deficit Owl Dave Strickler 2016-11-29 | Originally published by DEFICIT OWLS on Aug 10, 2016Professor Stephanie Kelton (former Chair of Economics at the University of Missouri-Kansas City, and economic advisor to Bernie Sanders) explains the term "Deficit Owls," which she coined. Deficit Owls, mostly proponents of Modern Money Theory, recognize that in our current floating exchange-rate system, government deficit spending is the only way for the non-government sector to gain net financial assets. As such, any sovereign currency-issuing government should be deficit spending most of the time.Stephanie Kelton BIO: Kelton studied Business Finance and Economics at the California State University, Sacramento, earning a B.S. and a B.A. in 1995. She received a Rotary scholarship to study Economics at the University of Cambridge, receiving her Master in 1997. On a fellowship from Christ's College, Cambridge, Kelton then spent a year at the Levy Economics Institute of Bard College. She obtained a Ph.D. in Economics from The New School in 2001 with her dissertation, "Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems. Professor Kelton is also Chair of the Department of Economics at the University of Missouri-Kansas City explains the Bretton Woods System and the end of the Gold Standard in the 1970s, why comparisons to the Weimar Republic and Zimbabwe made by austerity promoters are wrong, high inflation does not happen in well-functioning democracies, why we think about the deficit in the wrong way, the smart way to think about the Simpson Bowles austerity plan, the purpose of taxes, Hillary Clinton running on bringing down the debt and addressing the inequality crisis, Social Security and inequality, what Thomas Piketty misses, why labor needs to make a comeback and why fighting inequality must go beyond raising taxes at the top.Stephanie Kelton is an Economic Advisor to the Bernie 2016 presidential campaign. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) and is Professor of Economics at the University of Missouri-Kansas City. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis.Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, health care, international finance and employment policy. Follow her on Twitter @stephaniekelton or at her website http://stephaniekelton.com
Bellofiore, Mosler and Wray: The Recessionary Architecture of the EMU Dave Strickler 2016-11-24 | Originally Published on May 20, 2015. Event took place on May 16th, 5 p.m.Riccardo Bellofiore Bio: Bellofiore is a professor of monetary economics and history of economic thought at the University of Bergamo, is Professor, Department of Economics 'Hyman P. Minsky', also Faculty of Economics, University of Bergamo, Italy and Research Associate, History where His main research interests are monetary theory, value theory and the history of economic analysis. Also part of the Economics Group, Faculty of Economics and Econometrics, University of Amsterdam, Netherlands. Warren Mosler Bio: Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.An entrepreneur and financial professional, Warren Mosler has spent the past 40 years gaining an insider’s knowledge of monetary operations. He co-founded AVM, a broker/dealer providing advanced financial services to large institutional accounts and the Illinois Income Investors (III) family of investment funds in 1982, which he turned over to his partners at the end of 1997. He began his career after graduating from the University of Connecticut with a B.A. in Economics in 1971 and has been deeply involved in the academic community, giving presentations at conferences around the world and publishing numerous articles in economic journals, newspapers, and periodicals.He is attributed with creating Mosler’s law that states, “there is no financial crisis so deep that a sufficiently large fiscal adjustment cannot deal with it.”Mosler is the author of “The Seven Deadly Innocent Frauds of Economic Policy” located here from Mosler's website: goo.gl/xOeKRT that has been translated into Italian, Polish, and Spanish.L. Randall Wray Bio: Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis.Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008.Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.
L Randall Wray The Return of Full Employment Policy Dave Strickler 2016-11-23 | Originally published on Dec 4, 2012Professor L. Randall Wray (University of Missouri Kansas City) at the seminar The Return of Full Employment Policy on 3 December 2012 in Helsinki on the topic of "Money, the State, and Employment as Anti-Poverty Policy: A Minskian Approach".L. Randall Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky. MMT COURSE PRIMER - here - goo.gl/9X4sqI
L Randall Wray vs Mike Tanner AUDIO Part 2 of 2 Dave Strickler 2016-11-23 | Originally published on March 5, 2011Michael D. Tanner is Senior Fellow at the (Neoliberal) Cato Institute; Institute senior fellow, Michael Tanner heads research into a variety of domestic policies with a particular emphasis on poverty and social welfare policy, health care reform, and Social Security.Tanner is the author of numerous other books on public policy, including Going for Broke: Deficits, Debt, and the Entitlement Crisis. Under Tanner’s direction, Cato launched the Project on Social Security Choice, which is widely considered the leading impetus for transforming the soon-to-be-bankrupt system into a private savings program. Time magazine calls Tanner, “one of the architects of the private accounts movement,” and Congressional Quarterly named him one of the nation’s five most influential experts on Social Security. The New York Times refers to him as “a lucid writer and skilled polemicist.”Tanner’s writings have appeared in nearly every major American newspaper, including the New York Times, Washington Post, Los Angeles Times, Wall Street Journal, and USA Today. He writes a weekly column for National Review Online, and is a contributing columnist with the New York Post. A prolific writer and frequent guest lecturer, Tanner appears regularly on network and cable news programs.Tanner’s education is listed as: BA English, Norwich University, Vermont. His Twitter @MTannerCatoL. Randall Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.
L Randall Wray vs Mike Tanner AUDIO Part 1 of 2 Dave Strickler 2016-11-23 | Originally published on March 5, 2011Michael D. Tanner is Senior Fellow at the (Neoliberal) Cato Institute; Institute senior fellow, Michael Tanner heads research into a variety of domestic policies with a particular emphasis on poverty and social welfare policy, health care reform, and Social Security.Tanner is the author of numerous other books on public policy, including Going for Broke: Deficits, Debt, and the Entitlement Crisis. Under Tanner’s direction, Cato launched the Project on Social Security Choice, which is widely considered the leading impetus for transforming the soon-to-be-bankrupt system into a private savings program. Time magazine calls Tanner, “one of the architects of the private accounts movement,” and Congressional Quarterly named him one of the nation’s five most influential experts on Social Security. The New York Times refers to him as “a lucid writer and skilled polemicist.”Tanner’s writings have appeared in nearly every major American newspaper, including the New York Times, Washington Post, Los Angeles Times, Wall Street Journal, and USA Today. He writes a weekly column for National Review Online, and is a contributing columnist with the New York Post. A prolific writer and frequent guest lecturer, Tanner appears regularly on network and cable news programs.Tanner’s education is listed as: BA English, Norwich University, Vermont. His Twitter @MTannerCatoL. Randall Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.
Richard D. Wolff: Global Capitalism -What Now Economics & the New Government Dave Strickler 2016-11-23 | Originaly published by Democracy at Work on on Nov 15, 2016Read Prof. Wolff's post-election message here: goo.gl/M1acSDSpecial thanks to Will Cooper of San Diego, CA, who has sponsored this month's episode. Become a sponsor: democracyatwork.info/sponsor---Global Capitalism, Monthly Economic Update:"What Now? The Real Economic Issues and the New Government"with Richard D. Wolff Co-sponsored by Democracy at Work,Left Forum & Judson Memorial ChurchWednesday, November 9, 2016 at 7:30pmJudson Memorial Church Assembly Hall239 Thompson Street at Washington SquareThese programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. This month, these issues will include: 1. Where is this capitalist system going?;2. Monopolies, yet again, and deepening economic inequalities;3. Alternative, non-capitalist economic structures & opportunities.Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.Richard D. Wolff BIO: WOLFF is Professor of Economics Emeritus, University of Massachusetts, and a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York City. He has authored or co-authored more than a dozen books, including his most recent; Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010- 2014, and he hosts the weekly Economic Update podcast. John Nichols' many books include The "S" Word: A Short History of an American Tradition...Socialism, and, most recently, Dollarocracy: How the Money-and-Media-Election Complex is Destroying America. This episode also features a commentary from Laura Flanders on renaming capitalism.Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info and his twitter handle is @profwolff
Michael Hudson: How Taxes Were Shifted off the Donald Trump’s of the World & onto Homeowners Dave Strickler 2016-11-21 | Originally Published on Nov 21, 2016.Special Thanks to The Real News Network for permission to use on my YouTube channel, be sure to visit them for further comprehensive coverage on other news aspects here: goo.gl/BY0UdrEconomist Michael Hudson, author of the Economic Insiders Dictionary ‘J is For Junk Economics, explains how the rising prices of homes came at a great cost to the middle and work classesMichael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. MMT COURSE PRIMER goo.gl/9X4sqI
Michael Hudson: Donald Trump Wants to Make the 1% Even Richer Dave Strickler 2016-11-19 | Originally Published on The Real News Network on Nov 17, 2016Economist Michael Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is goingVisit http://therealnews.com for more videos.Michael Hudson BIO: Hudson is one of very few economists - globally - who perfectly predicted the 2008 financial crisis.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.
Michael Hudson: How Private Debt Makes the Rich Richer Dave Strickler 2016-11-18 | Originally Published on channel Klett-Cotta on Oct 17, 2016How Private Debt Makes the Rich RicherMichael Hudson talks about the causes of inequality in the 21st centuryOur author Michael Hudson summarizes some important theses from his book "The Sector - Why Global Finance Is Destroying Us".The interview took place on the occasion of the 16th International Literary Festival in Berlin for a symposium titled "Inequality in the 21st Century. Progress, capitalism and global poverty. " The authors, Angus Deaton, David Graeber and Michael Hudson, presented the most important theses of their current books.Michael Hudson Bio: Michael Hudson is one of very few economists - globally - who perfectly predicted the 2008 financial crisis.Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.
William K Black: America Economic Collapse Financial AUDIO ONLY Dave Strickler 2016-11-18 | ORiginal Published on Nov 12, 2016William K Black, America Economic Collapse.Economic Collapse - America - Financial Cr - US dollar collapse - William K. Black I created this video with the YouTube Video .America 2016 - Economic Collapse Bill Black''s BIO: William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. Twitter handle @WilliamKBlack
Bill Black - United States of Amnesia & the Economics of the RNC Dave Strickler 2016-11-12 | Uploaded on Jul 20, 2016Former financial regulator Bill Black responds to House Speaker Paul Ryan’s speech, and says the RNC chairperson has created a false image about the reality of unemployment, interest rates, and inflation under the Obama presidencyBill Black''s BIO: William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. Twitter handle @WilliamKBlackMMT COURSE PRIMER - here - goo.gl/9X4sqI
Meet the Renegades Steve Keen Dave Strickler 2016-11-12 | Originally Published by Renegade Economists on Dec 21, 2015Steve Keen's BIO: Keen is one of very few economists - globally - who perfectly predicted the 2008 financial crisis. More recently he also predicted the Chinese economic downturn and deflation in Europe. Keen quoted, "I am Professor of Economics and Head of the School of Economics, Politics and History at Kingston University London. I am also a prominent critic of conventional economics. Economics has come under challenge from pundits, the public and students since the 2007 crisis, and so it should. Mainstream economists failed to anticipate the crisis, not because it was an unpredictable “Black Swan”, but because false pre-determined beliefs meant they ignored the cause of the crisis: banks lending too much money to finance speculation rather than investment. I did anticipate the crisis because banks, debt and money play an integral role in my dynamic (as opposed to equilibrium) approach to economics. Many mainstream economists think what I do is more like engineering than economics, and I’m proud of that. My book Debunking Economics explains the many logical and empirical flaws in mainstream (and Marxian) economics without using mathematics. It has been translated into Chinese, French and Spanish. I have about 70 other academic publications." unquote - Steve Keen can be followed on twitter at @profSteveKeen and here at http://www.debtdeflation.com/blogsHow does he keep getting these predictions correct? The secret is to look at the elements of the economy that all mainstream economists deliberately ignore. In this episode of Meet the Renegades he shares his secret and reveals how economics is a bankrupt profession._______________________________________Renegade Inc. provides its members with the content and connections that help navigate the ‘new normal’. Finding the people who are thinking differently about the world means we offer an alternative perspective on business, leadership, economics, education and the arts.Support us by subscribing here http://bit.ly/1db4xVQ- Become a Renegade Inc. member at our website here: http://www.RenegadeInc.com- Follow us on Twitter at twitter.com/RenegadeEcon- Find us on Facebook at facebook.com/RenEconomist______________________________________________MMT COURSE PRIMER - here - goo.gl/9X4sqI
Meet the Renegades Michael Hudson Dave Strickler 2016-11-12 | Originally Published by Renegade Economists on Nov 2, 2016Michael Hudson is one of very few economists - globally - who perfectly predicted the 2008 financial crisis.With every major financial recovery since the second World War beginning in a place of greater debt than the one before it, how could we not have foreseen the financial crisis of 2008? In this episode of Meet the Renegades, economics professor and author, Michael Hudson argues we did.How could an economy that created so much debt also save the banks rather than the economy itself, following the 2008 financial crisis? Michael discusses the phenomenon of debt inflation and how the economic curriculum should change."If you're teaching economics, you should begin with the relationship between finance and the economy, between the build up of debt and the ability to pay."Michael discusses the 'Great Moderation', a common misrepresentation of a healthy economy in which job productivity was increasing, labor complacency was at an all-time low was a complete myth. Michael argues that 'traumatized' workers were too in debt to fight for better working conditions leading up to the 2008 financial crisis and how this reflects neo-classical ideas.Michael offers solutions - urging the importance of writing down the debt and keeping basic services in the public sector, ridding the economy of financial tumors through a proper tax policy based upon the this public sector model.Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. ___________________________________________________Renegade Inc. provides its members with the content and connections that help navigate the ‘new normal’. Finding the people who are thinking differently about the world means we offer an alternative perspective on business, leadership, economics, education and the arts.Support us by subscribing here http://bit.ly/1db4xVQ- Become a Renegade Inc. member at our website here: http://www.RenegadeInc.com- Follow us on Twitter at twitter.com/RenegadeEcon- Find us on Facebook at facebook.com/RenEconomist______________________________________________MMT COURSE PRIMER - here - goo.gl/9X4sqI
Stephanie Kelton -The Economic Movement of Bernie Sanders Dave Strickler 2016-10-26 | Originally Published on Oct 18, 2016Professor Stephanie Kelton served as the economic advisor of Senator Bernie Sanders during the USA presidential campaign.Interviewers; Jochem Jordaan & Elias AsselbergsStephanie Kelton BIO: studied Business Finance and Economics at the California State University, Sacramento, earning a B.S. and a B.A. in 1995. She received a Rotary scholarship to study Economics at the University of Cambridge, receiving her Master in 1997. On a fellowship from Christ's College, Cambridge, Kelton then spent a year at the Levy Economics Institute of Bard College. She obtained a Ph.D. in Economics from The New School in 2001 with her dissertation, "Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems. Professor Kelton is also Chair of the Department of Economics at the University of Missouri-Kansas City explains the Bretton Woods System and the end of the Gold Standard in the 1970s, why comparisons to the Weimar Republic and Zimbabwe made by austerity promoters are wrong, high inflation does not happen in well functioning democracies, why we think about the deficit in the wrong way, the smart way to think about the Simpson Bowles austerity plan, the purpose of taxes, Hillary Clinton running on bringing down the debt and addressing the inequality crisis, Social Security and inequality, what Thomas Piketty misses, why labor needs to make a comeback and why fighting inequality must go beyond raising taxes at the top.Stephanie Kelton is an Economic Advisor to the Bernie 2016 presidential campaign. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) and is Professor of Economics at the University of Missouri-Kansas City. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis.Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, health care, international finance and employment policy. Follow her on Twitter at twitter.com/stephaniekelton or at http://stephaniekelton.com_______________________________________________MMT COURSE PRIMER goo.gl/9X4sqI
Steve Keen -Alternative economics 1 Credit, Islamic Finance, & Preventing Economic Crises Dave Strickler 2016-10-26 | Alternative economics 1: Credit, Islamic Finance, & Preventing Economic CrisesPublished on Oct 16, 2016This is the first third of a workshop on alternatives to Neoclassical economics that I gave in Malaysia on October 15 2016, after giving the keynote speech at the Symposium on Islamic Economics & Finance Education. I cover:(1) the recent change in the attitude of mainstream economists to their own models [Minutes 0-12](2) building macroeconomic models from macroeconomic identities [12-30](3) Can equity-based lending prevent crises? [[30-38](4) Some questions INCLUDING "What is a sustainable private debt level" WITH FROM 44 TILL 52 MINUTES a fascinating DYNAMIC BUBBLE CHART of private debt and credit levels for the last 50 years [38 till end of presentation]Steve Keen's BIO, quote "I am Professor of Economics and Head of the School of Economics, Politics and History at Kingston University London. I am also a prominent critic of conventional economics. Economics has come under challenge from pundits, the public and students since the 2007 crisis, and so it should. Mainstream economists failed to anticipate the crisis, not because it was an unpredictable “Black Swan”, but because false pre-determined beliefs meant they ignored the cause of the crisis: banks lending too much money to finance speculation rather than investment. I did anticipate the crisis because banks, debt and money play an integral role in my dynamic (as opposed to equilibrium) approach to economics. Many mainstream economists think what I do is more like engineering than economics, and I’m proud of that. My book Debunking Economics explains the many logical and empirical flaws in mainstream (and Marxian) economics without using mathematics. It has been translated into Chinese, French and Spanish. I have about 70 other academic publications." unquote - Steve Keen can be followed on twitter at @profSteveKeen and here at http://www.debtdeflation.com/blogs
L. Randall Wray: Imagining Economics in an Age of Stein, Clinton, Trump or Johnson HD Dave Strickler 2016-09-29 | The Radical Imagination: Imagining Economics in an Age of Stein, Clinton, Trump or JohnsonOn this episode of “The Radical Imagination,” host Jim Vrettos of John Jay College of Criminal Justice talks with Professor Randall Wray about the science of economics and what a U.S. economy will look like under the administration of Stein, Clinton, Trump or Johnson.original posting here: vimeo.com/180109442L. Randall Wray is a senior scholar and professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray is the author of Money and Credit in Capitalist Economies, 1990; Understanding Modern Money: The Key to Full Employment and Price Stability, 1998; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, 2012 (2nd rev. ed., 2015). He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, 2006, and Keynes for the 21st Century: The Continuing Relevance of The General Theory, 2008. Wray taught at the University of Missouri–Kansas City from 1999 to 2015 and at the University of Denver from 1987 to 1999, and has been a visiting professor at the Universities of Paris and Rome (La Sapienza). He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky.___________________________________________MMT COURSE PRIMER goo.gl/9X4sqI
Richard Wolff: On Bernie Sanders and Socialism Dave Strickler 2016-08-29 | Originally published on Jul 14, 2015Is socialism still an American taboo? Not so much, says professor Richard Wolff; nor was it in the past, says Nation columnist John Nichols. Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, and a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York City. He has authored or co-authored more than a dozen books, including his most recent; Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010- 2014, and he hosts the weekly Economic Update podcast. John Nichols' many books include The "S" Word: A Short History of an American Tradition...Socialism, and, most recently, Dollarocracy: How the Money-and-Media-Election Complex is Destroying America. This episode also features a commentary from Laura Flanders on renaming capitalism.Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.
James S. Henry: Why Ongoing Efforts to Address Tax Havens Are Failing Dave Strickler 2016-08-29 | BIO: James S. Henry is a U.S. economist, attorney, and investigative journalist who has written extensively about global banking, debt crises, tax havens and economic development. In the corporate world, Henry served as Chief Economist, McKinsey & Co. (NYC global h.q.); VP Strategy, IBM/Lotus Development Corporation (Cambridge), Manager, Business Development, the Chairman’s Office (Jack Welch), GE (Fairfield), and senior consultant Monitor Group,the international consulting firm. As Managing Director of Sag Harbor Group, a strategy consulting firm, his clients have included such enterprises as ABB, Allen & Co., AT&T, AT Kearney, Calvert Fund, Ce-mex, ChinaTrust, the Scotland Yard/FBI Task Force on Caribbean Havens, IBM/Lotus, Intel, Interwise, Lucent, Merrill Lynch, South Africa Telkom, Rockefeller Foundation, the Swedish Power Board, TransAlta, UBS Warburg, Volvo, and Monitor Company. A member of the New York Bar, he has served as a pro bono cooperating attorney for the NYCLU on First Amendment issues, and as Vice President, New York Civil Liberties Union – Suffolk County. He is author of the acclaimed investigative economics book The Blood Bankers, and his articles and citations have appeared in The New York Times, The Wall Street Journal, The New Republic, The Nation, The Conference Board, The Washington Post, Harpers, Fortune, Jornal do Brasil, The Manila Chronicle, La Nacion, and many others. He is an Edward R. Murrow Fellow at Tufts University’s Fletcher School of Law and Diplomacy and INSPIRE Fellow at its Institute for Global Leadership.More information on James Henry can be found here: http://globaljustice.macmillan.yale.edu/people/james-s-henry-0
Mark Blyth: Austerity - The History of a Dangerous Idea Dave Strickler 2016-08-24 | Published on Jun 2, 2013Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.About the Author: Mark Blyth is a faculty fellow at the Watson Institute, professor of international political economy in Brown's Political Science Department, and director of the University's undergraduate programs in development studies and international relations.He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; editor of The Routledge Handbook of International Political Economy: IPE as a Global Conversation, which surveys different schools of IPE around the globe; and co-editor of a volume on constructivist theory and political economy titled Constructing the International Economy. He is working on a new book that questions the political and economic sustainability of liberal democracies, called The End of the Liberal World? Blyth is a member of the Warwick Commission on International Financial Reform. He is a member of the editorial board of the Review of International Political Economy, and his articles have appeared in journals such as the American Political Science Review, Perspectives on Politics, Comparative Politics, and World Politics.He has a PhD in political science from Columbia University and taught at Johns Hopkins University from 1997 to 2009.His Twitter handle is @MkBlythThis talk was hosted by Boris Debic on behalf of Authors@Google.
