New Economic Perspectives

By William K. BlackJune 24, 2016     Kansas City, MO Tony Blair Tony Blair disgraced his office as Prime Minister and continues to disgrace it as lobbyist for murderous kleptocrats.  Blair’s column claims personal credit for a series of supposed triumph, blames the BREXIT vote on the Tories, and throws Jeremy Corbin, his successor as Labour Party leader, under the bus.  The title of Blair’s article refers to the democratic vote in favor of BREXIT as a “coup,” which helps explain why he...

By William K. BlackJune 27, 2016     Kansas City, MO Thomas Frank is a historian and writer.  He is also the man who tried to save the Democratic Party and our Nation from great harm.  He is the great chronicler of one of the most grievous, self-inflicted wounds in modern American history.  Twelve years ago, in What’s the Matter with Kansas? How Conservatives Won the Heart of America, Frank tried to warn the Democratic Party’s dominant elites’ that their policies and contempt for workers...

By William K. BlackJune 24, 2016     Kansas City, MO Roger Cohen Roger Cohen published a column decrying BREXIT. Warnings about the dire consequences of a British exit from President Barack Obama, Britain’s political leaders, major corporations based in Britain and the International Monetary Fund proved useless. If anything, they goaded a mood of defiant anger against those very elites. This resentment has its roots in many things but may be summed up as a revolt against global capitalism....

By William K. BlackJune 24, 2016     Kansas City, MO The UK vote in favor of BREXIT has stoked the fears of the New York Times to a fevered pitch.  Their greatest collective fear is the rise of “populism.”  The NYT fashions itself the last redoubt of “serious people” under siege by the rabble.  BREXIT is an opportunity to drive home to the rabble the folly of failing to fall in line with the policies of the serious people featured in the NYT.  The moral of the story is a simple one – when...

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By J.D. Alt I spent the last couple days reading and contemplating “Political Aspects of Full Employment”, the transcript of a lecture―given in 1942!!―to the Marshall Society by economist Michal Kalecki. This was recommended to me by Nat Uerlich in his May 2 comment to my post “False Choice or Real Possibilities.” Many thanks to Mr. Uerlich for taking the time to make the comment. I urgently recommend Professor Kalecki’s lecture to anyone who feels a little fuzzy (as I have lately been...

[unable to retrieve full-text content]The Myriad Mendacious Myths of “Market Regulation” of Finance By William K. Black June 7, 2016     Bloomington, MN Representative Jeb Hensarling, Chair of the House Financial Services Committee has announced that he will introduce a Republican plan to repeal key provisions of the Dodd-Frank Act and replace them with “market-based” … Continue reading → The Myriad Mendacious Myths of “Market...

NEP’s Pavlina Tcherneva speaks with Bloomberg’s Joe Weisenthal about Basic Income Guarantees. You can view the segment here. Share this:

By William K. BlackJune 5, 2016     Bloomington, MN Proponents of the Trans-Pacific Partnership (TPP) know that they have a major problem.  Bernie Sanders, Hillary Clinton, and Donald Trump each oppose the deal.  CEOs, however, have not given up on their dream of being able to rig the international system through the creation of kangaroo tribunals that can, effectively, destroy effective regulation and the enforcement of rules to protect the public.  As I explained in my most recent column...

By William K. BlackJune 4, 2016     Bloomington, MN When last we read Paul Krugman he was repeatedly demanding that Bernie Sanders cease criticizing Hillary Clinton for a lifetime addiction of taking tens of millions of dollars in political contributions and hundreds of thousands of dollars in speakers’ fees from Goldman Sachs and other business interests.  (I am an economic adviser to Bernie.)  While Professor Krugman consistently stressed that the data show that business campaign...