L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NY. A student of Hyman P. Minsky, Wray has focused on monetary theory and policy, macroeconomics, financial instability, and employment policy. He has published widely in journals and is the author of Understanding Modern Money: The Key to Full Employment and Price Stability (Elgar, 1998) and Money and Credit in Capitalist Economies (Elgar 1990). Wray received a B.A. from the University of the Pacific and an M.A. and Ph.D. from Washington University in St. Louis. He has served as a visiting professor at the Universities of Rome and Bologna in Italy, the University of Paris, and UAM and UNAM in Mexico City.

Recent Blog Posts by L. Randall Wray

• APOLOGIES: GREAT LEAP FORWARD WILL BE BACK SOON May 14th, 2012
• Martin Wolf’s Liquidity Traps and Free Lunches Through Fiscal Expansion May 1st, 2012
• A Modest Proposal to Stop Foreclosures April 26th, 2012
• Money and the Public Purpose: The Modern Money Theory Approach April 26th, 2012
• LOUISIANA SUES BANKSTERS UNDER RICO LAWS: Will the Biggest Banks Finally Go the Way of the Gambinos? April 21st, 2012
• DOES CHAIRMAN BERNANKE KNOW SQUAT ABOUT MONEY? April 19th, 2012
• 21st Annual Hyman P. Minsky Conference: Debt, Deficits, and Financial Instability April 13th, 2012
• Developing the ‘Financial Instability Hypothesis’: More on Hyman Minsky’s Approach April 11th, 2012
• KRUGMAN VERSUS MINSKY: Who Should You Bank On When It Comes to Banking? April 2nd, 2012
• America Needs Healthcare, Not Health Insurance April 2nd, 2012
• WHY MINSKY MATTERS: Part One March 28th, 2012
• THE $7 TRILLION DOLLAR QUESTION THAT HAUNTS BANKS: When Will the Obama Administration Recognize that MERS Destroyed the Chain of Title Making All Foreclosures Suspect? March 16th, 2012
• SECRET DEALS, FORECLOSURE SETTLEMENTS, STRESS TESTS, AND VAMPIRE SQUID WHISTLE-BLOWERS: YOU JUST CAN’T MAKE THIS STUFF UP March 15th, 2012
• THE FINANCIAL CRISIS AND SHREK’S ONION OF FRAUD March 9th, 2012
• When is Foreclosure Theft? When the Mortgage is Recorded at MERS March 1st, 2012
• Will the Central Bank Bail-Outs Ever End? February 23rd, 2012
• Yes, Virginia, Foreclosure Is Theft February 22nd, 2012
• MMT On the Web February 21st, 2012
• LET’S MAKE A DEAL: The Bail-Out of Wall Street in Unusual and Exigent Circumstances February 16th, 2012
• State AGs Cave to Banksters February 9th, 2012
• WEEKEND ROUNDUP: MORE NEWS FROM THE FRONT February 4th, 2012
• $30 TRILLION TO PROMOTE CRONY CAPITALISM: The Fed’s Bail-Out of Wall Street February 3rd, 2012
• OBAMA DISCOVERS FRAUD (and other news from the Front) January 28th, 2012
• The Fetish for Liquidity (and Reform of the Financial System) January 26th, 2012
• MORTGAGE FRAUD REVISITED: Why Did the Fed Pump and Dump US Real Estate Markets? January 18th, 2012
• THE $29 TRILLION BAILOUT OF WALL STREET: Why Should Anyone Care About High Crimes and Misdemeanors? January 11th, 2012
• THE JOB GUARANTEE: Finally Moving Beyond Theory to Implementation January 4th, 2012
• The Job Guarantee as an Alternative to Enforced Idleness. But What Will They Do? Examples from the WPA December 26th, 2011
• PAYROLL TAX HOLIDAYS AND MMT: It’s a Funny World, News Recap on the Eve of Xmas December 21st, 2011
• The $29 Trillion Bail-Out: A Resolution and Conclusion December 14th, 2011
• BERNANKE’S OBFUSCATION ON THE 29 TRILLION DOLLAR BAILOUT: RESPONSE TO CRITICS December 11th, 2011
• BERNANKE’S OBFUSCATION CONTINUES: The Fed’s $29 Trillion Bail-out of Wall Street December 9th, 2011
• MORE SECRETS OF THE TEMPLE: Time to Demand Transparency and Accountability of Our Public Stewards November 30th, 2011
• Time to Abolish the Fed? Maybe Andrew Jackson Was Right, After All November 23rd, 2011
• UC Davis Chancellor Should be Fired Today November 22nd, 2011
• Occupy UC Davis: Chancellor asks Campus Cops to Fall on Swords November 21st, 2011
• A Photo to Spark a Movement: OWS at UC Davis November 21st, 2011
• OCCUPY WALL STREET: THE RIGHT SIDE OF HISTORY November 19th, 2011
• Warren Mosler’s Big Fat Greek MMT Exit Strategy November 17th, 2011
• EURO CRISIS IS SPREADING FROM PERIPHERY TO CENTER: The System Designed to Fail WILL Fail November 16th, 2011
• Time to Downsize the Fed November 13th, 2011
• Paul Krugman Does Modern Money Theory: Today’s Links November 12th, 2011
• Is This the End of the Faith-Based European Monetary Union? November 10th, 2011
• Imbalances? What Imbalances? A Dissenting View November 2nd, 2011
• Money and the Public Purpose: The Modern Money Theory Approach October 27th, 2011
• Recommendations for Weekend Reading October 22nd, 2011
• There Will Be Blood: The Vampire Squid of Wall Street Is Hemorrhaging October 19th, 2011
• Upcoming Event: The Second Annual Forum on Capital as Power October 16th, 2011
• MMT at OWS October 16th, 2011
• MMT-NEP Occupy Wall Street This Saturday October 13th, 2011
• The European Troika’s Rescue Plan Will Fail. Time to Choose an Endgame October 12th, 2011
• SLOGANS FOR SIGNS TO OCCUPY WALL STREET October 6th, 2011
• Are the Big Banks Insolvent? October 5th, 2011
• The Most Subversive Sign Seen at the “Occupy Wall Street” Protest October 4th, 2011
• Commodities Bubble Interview September 30th, 2011
• Euro Toast, Anyone? The Meltdown Picks Up Speed September 29th, 2011
• Is the Commodities Bubble a Case of Index Speculation by Money Managers? September 27th, 2011
• The Biggest Commodity Bubble of All Time: Response to Critics September 23rd, 2011
• The Biggest Bubble of All Time: Commodities Market Speculation September 22nd, 2011
• Fear of Flying September 21st, 2011
• Framing Modern Money September 16th, 2011
• Framing: Morality Trumps Reason When it Comes to Vampire Squids and Other Blood Suckers September 14th, 2011
• An Alternative to President Obama’s Jobs Plan September 8th, 2011
• Helicopter Ben: How Modern Money Theory Responds to Hyperinflation Hyperventilators, Part 3 September 7th, 2011
• Not Worth a Continental! How Modern Money Theory Replies to Hyperinflation Hyperventilators (Part 2) August 31st, 2011
• Zimbabwe! Weimar Republic! How Modern Money Theory Replies to Hyperinflation Hyperventilators (Part 1) August 24th, 2011
• Paul Krugman Still Gets it Wrong: Modern Money Theory August 16th, 2011
• Update on S&P and Fraud August 13th, 2011
• MMT as an Alternative to Austerity August 10th, 2011
• More on the Shock Doctrine August 5th, 2011
• The Budget Compromise: Congress Creates a Rube Goldberg Doomsday Machine August 2nd, 2011
• President Obama Weighs-In on the Debt Limit Debate July 26th, 2011
• Raise the Debt Limit or Abolish the Debt? July 20th, 2011
• Graphic for the Day July 14th, 2011
• Progressives and the Debt Limit Debate July 14th, 2011
• Shock Doctrine and the Debt Limit July 13th, 2011
• Lessons We Should Have Learned from the Global Financial Crisis July 6th, 2011
• Can Greece Survive? June 28th, 2011
• New York’s U.S. Bankruptcy Court Rules MERS’s Business Model Is Illegal February 17th, 2011
• Support Representative Kaptur’s Bill: Time to Shut Down MERS and to Restore the Rule of Law November 23rd, 2010