Devin Smith

Yglesias Cheers a Double Betrayal of Cyprus – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black Slate’s Matthew Yglesias writes columns about economics and finance.  Yglesias has been writing about Cyprus, and my critiques of the policies he has been proposing are the subject of this column.  The short…

O’Donnell Thinks Krugman is “a lonely voice opposing austerity” because he listens to MSNBC – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black On March 18, 2013, Lawrence O’Donnell stated that John Boehner’s admission that the U.S. faces no current debt crisis vindicated Paul Krugman, who O’Donnell described as “a lonely voice opposing austerity.”  It is…

The SEC embraces irony – its enforcement “inflection” “point” – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black Many readers doubtless shared my doubt that the SEC was capable of exercising the critical self-examination and sense of humor about itself as a flawed institution that would make it capable of deliberate…

The EU Needs a Bill Seidman to Save It from Itself: Cyprus and the “Reverse Toaster Theory” – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black Everyone involved in financial regulation in modern times with any broad knowledge of the field will know of Bill Seidman, Chairman of the FDIC and the RTC.  In 1989, the newly elected President…

Without an Effective Macroethics, Our Civilization is Doomed – Michael Hoexter – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Michael Hoexter In a previous post, I outlined how leaders in positions of political power, especially at the national level, are chosen to fulfill a unique ethical role that differs from that which is appropriate for…

Slate Agrees that Obama’s Vanity Drives the Grand Betrayal – and Praises the Betrayal – William K. Black

Slate Agrees that Obama’s Vanity Drives the Grand Betrayal – and Praises the Betrayal

By William K. Black Slate’s John Dickerson leads its (and CBS’) political reportage so his specialty is in examining what is actually driving politicians’ policies and their efforts to “spin” those policies.  Dickerson authored an article entitled “Why Obama’s Outreach … Continue reading

Slate Agrees that Obama’s Vanity Drives the Grand Betrayal – and Praises the Betrayal

The I.O.U. in the U.S. Dollar – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By J.D. Alt One of the strangest things to understand about Modern Money Theory is why, if government doesn’t need your tax dollars in order to spend, does government tax at all? Here is an attempt at…

Government Debt and Deficits Are Not the Problem. Private Debt Is.- Michael Hudson, New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Michael Hudson (Remarks by Prof. Michael Hudson at The Atlantic’s Economy Summit, Washington DC, Wednesday, March 13, 2013) There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels –…

Which Aspect of the FDIC’s Litigation Failures is the Most Embarrassing and Damaging? William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black On March 11, 2013 the Los Angeles Times published a revealing article by E. Scott Reckard entitled:  “In major policy shift, scores of FDIC settlements go unannounced.” The article’s summary statement captures the…