Devin Smith

Is It Really About “Dysfunctional” Partisanship? New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. The popular narrative in Washington, DC these days among the MSM pundits is that the Congress is “dysfunctional” in the sense that it is very difficult for it to pass a budget and rise above periodic “fiscal”…

IN PRAISE OF POLITICAL DYSFUNCTION – Marshall Auerback – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Marshall Auerback The lamentable state of American political parties has become common sport amongst the chattering classes in DC and beyond, although one wonders whether this dysfunction has really been such a bad thing when considering…

“Pervasive” Fraud by our “Most Reputable” Banks – 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 A recent study confirmed that control fraud was endemic among our most elite financial institutions.  Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market.  Tomasz Piskorski, Amit Seru & James Witkin (February…

The Sequester Is Awful And Obama Didn’t Even Try To Stop It – William J. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. NEP’s William Black appears on Daily Ticker with Henry Blodget. With two days to go before “sequestration” chops an indiscriminate $85 billion out of Federal government spending, the blame game has reached a fever pitch. Bill explains it…

Why Italy’s Election Has Caused Global Markets to Crater – William J. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. NEP’s William Black appears on Daily Ticker with Henry Blodget. The election in Italy moved markets around the world. Blodget gets an explanation from Bill why Italy has such an impact. You can view the episode at…

Why Obama Refuses to Kill the Sequester- 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 We are in the midst of the blame game about the “Sequester.”  I wrote last year about the fact that President Obama had twice blocked Republican efforts to remove the Sequester.  President Obama…

Krugman is Right about Simpson-Bowles: The Buzzards Circle the Fiscal Cliff- New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By L. Randall Wray (Cross posted from economonitor.com/lwray) In a powerful piece, Paul Krugman blasts Alan Simpson as an ignoramus when it comes to federal government budgets. He rightly wonders why anyone takes this nutter seriously: Simpson…

Correa’s and Ecuador’s Success drive The Economist Nuts- 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 (Cross posted at Benzinga.com) Ecuador’s President Rafael Correa has the special ability to drive our most elite media nuts.  Failures are self-refuting.  It is the successful that drive their opponents to distraction, and…

The Wrong Debate – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. Everyone is arguing about the economic recovery in terms of what the debt-to-GDP ratio should be. The right question is: how do we get a stronger recovery going NOW? Stephanie Kelton appeared on HuffPost Live Tuesday (2/5/13)…