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New Economic Perspectives

Living in the Web of Soft Climate Denial

Michael Hoexter, Ph.D. Contents Conventional “Hard” Climate Denial A Web of Soft Climate Denial The Foundations of Soft Climate Denial in Economics Settling on Neoliberal, “Market-Based” Carbon Gradualism Soft Climate Denial, Fossil Fuels, and the Hedonic Self 1. Conventional “Hard” Climate Denial The Rio Olympics opening ceremony highlighted global warming as a major theme of international concern even on an occasion of diversion from the cares of the world.  That most Brazilians...

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Minsky Meets Brazil Part III

By Felipe Rezende This part of the series (see Part I and II, here and here) will focus on macroeconomic and microeconomic aspects to financial fragility and provision for liquidity. Minsky’s framework not only sheds light on how to detect unsustainable financial practices, but the position adopted in this paper is that the current Brazilian crisis does fit with Minsky’s instability theory. This is a Minsky’s crisis in which during economic expansions market participants show greater...

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Complaining of “Taco trucks on every corner” Is Capitalist Heresy

By William K. BlackSeptember 2, 2016     Bloomington, MN Donald Trump’s opponents have been having a field day with the latest gift from a Trump surrogate.  One of Trump’s few remaining Latino supporters, Marco Gutierrez, a businessman and founder of Latinos for Trump, made an unintentionally hilarious prediction about how awful America’s future would be if Trump were not elected. “My culture is a very dominant culture and it’s imposing and it’s causing problems,” he told MSNBC. “If you...

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Robbing Banks

NEP’s Bill Black appears on the Ralph Nader Radio Hour. Nowadays we have zero prosecutions of any of the people that led the three fraud epidemics that drove this crisis. And now they are highly skilled and have seen that they can get away with financial murder. And so they are already back in the business, already selling other toxic stuff and they’re going to produce the next crisis… You can listen to the podcast here. Share this:

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Trump is Goldman’s Golden Goose

By William K. BlackAugust 23, 2016     Kansas City, MO The reporting of Susanne Craig of the New York Times and David Cay Johnston, who won a Pulitzer Prize for his reporting when he was with that paper, and has recently published The Making of Donald Trump, combine to allow us to draw a critical insight about Trump and Goldman Sachs.  From Susanne Craig, we learn: [A]n office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan....

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Minsky Meets Brazil Part II

By Felipe Rezende This series will discuss at length the underlying forces behind Brazil’s current crisis. Building on Keynes’ investment theory of the cycle, Minsky’s work suggests that the structure the economy becomes more fragile over a period of tranquility and prosperity. That is, endogenous processes breed financial and economic instability. While Minsky adopted Keynes’ “investment theory of the cycle”, he added a financial theory of investment, with a detailed exposition of the...

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Covering Up Whistleblowers’ Disclosures Should Be Illegal

By William K. BlackAugust 22, 2016     Kansas City, MO James Stewart has written a column about Roger Ailes’ alleged sexual predation on female Fox News personnel over the course of many years.  He entitled it “Secrecy of Settlements at Fox News Hid Bad Behavior.”  Ailes was the CEO of Fox News.  I write to show how two concepts Stewart did not employ would aid the analysis and to suggest a fundamental change in the law that would make the world a far better place. The two concepts I add to...

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The CEO’s Great Advice About Whistleblowers Never Mentions Them

By William K. BlackAugust 22, 2016     Kansas City, MO The New York Times has a columnist who interviews business leaders.  He interviewed, Bracken Darrell, Logitech’s CEO in a column entitled “Be Sure to Tell the Boss What’s Wrong.”  When we, the co-founders of Bank Whistleblowers United, here a phrase like that our ears perk up.  It is exactly the right message the CEO should send.  The people who most obviously take that message to heart, in the most difficult circumstances for the...

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