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Kelton with Chris Hayes; Crazies vs Trillion Dollar Coins
Just too much excitement in recent days. Stephanie Kelton appears on UP with Chris Hayes Stephanie Kelton will be appearing on UP with Chris Hayes on MSNBC this Saturday January 12, 2013 at 8:00 AM Eastern; you cannot miss that one (unless, like me, you are TV-less; let us hope they post up the video [...]
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Bill Black and Matt Taibbi on Bankster Fraud
Amy Goodman interviewed Black and Taibbi on Democracy Now! If you missed it, it is posted on the DN! website in 2 parts, which you can see here: Part 1: http://www.democracynow.org/2013/1/11/failure_of_epic_proportions_treasury_nominee Part 2: http://www.democracynow.org/2013/1/11/matt_taibbi_william_black_on_bailout They begin with an “epic” take-down of Obama’s replacement for Timmy Geithner. Get ready for more special deals to keep fraudster banksters [...]
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More on the Bankster License to Steal (Homes)
Excellent piece today by Real estate attorney Roy Oppenheim, who writes some of the best stuff on illegal foreclosures by our Banksters. Quoting: “When word came out about this so-called “independent” process last year, few bought into it. I certainly never did, and most homeowners knew from the beginning that it lacked any pretense of [...]
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Breaking News: Citi Gets Treasury
Looks like Goldman is going to lose the bid for Treasury. The WashPost reports Citi is going to get it. http://www.washingtonpost.com/business/obama-said-to-name-jack-lew-to-replace-geithner-at-treasury/2013/01/09/3256b2c4-5a71-11e2-b8b2-0d18a64c8dfa_story.html?wpisrc=al_comboPNE_b Oh, I know that Timmy Geithner was not technically an employee of Goldman, but recall that Mayor Bloomberg–like everyone on Wall Street–presumed he was working for Goldman. And he denied that he was ever [...]
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Update on Trillion Dollar Coin: Not Inflationary–it is a Duration Trade
The Platinum coin has been all over the blogosphere as well as the media. Some have been arguing it will cause hyperinflation. How can issuing a coin to be held at the Fed to allow the Treasury to spend up to budgeted amount lead to hyperinflation? It has no first round effect that is different [...]
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BREAKING NEWS: OCC AND FED Endorse Bank Fraud
The US Office of the Comptroller of the Currency (OCC) and the US Federal Reserve agreed today that for now and forever they would not hold banks accountable for illegal activities related to stealing homes from Americans. http://www.rianovosti.com/business/20130108/178635935/US_Foreclosure_Settlement_Angers_Wall.html They made clear that the rule of law is no longer a rule of law in the [...]
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BOND VIGILANTES AND MATH SUSTAINABILITY OF FISCAL DEFICITS
(Part 1): Does Sovereign Government Set Its Own Interest Rates? Last week we began our series exploring where MMT parts company with “Keynesian” macroeconomics. This is a response to Ed Dolan’s useful post here: http://www.economonitor.com/dolanecon/2012/11/28/what-does-it-mean-for-fiscal-policy-to-be-sustainable-mmt-and-other-perspectives/ Let me just very quickly recount our conclusions on the first two definitions of sustainability that Ed posed: Is MMT [...]
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FDL Book Salon: Bill Black’s Introduction
FDL Book Salon Welcomes L. Randall Wray, Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems Saturday, January 5, 2013 1:55 pm Pacific time Welcome L. Randall Wray (Modern Money and Public Purpose) (EconoMonitor.com) and Host William K. Black, UMKC Economics, Law (New Economic Perspectives) Modern Money Theory: A Primer on Macroeconomics for [...]
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The USA’s First Trillion Dollar Platinum Coin!
First Trillion Dollar Coin: The Deficit Owl!
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The good, bad and ugly of the Fiscal Cliff with Randy Wray on economic prospects and John Nichols on the political fallout and why Progressives like Tom Harkin voted no
Today on Beneath the Surface Friday 5-6pm on KPFK 90.7FM, streaming live and archived at www.kpfk.org UPDATE: archived here http://archive.kpfk.org/index.php Today at 5: The good, bad and ugly of the Fiscal Cliff with Randy Wray on economic prospects and John Nichols on the political fallout and why Progressives like Tom Harkin voted no; plus Stephen [...]













