Tag Archives: William K. Black

Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says NEP’s Bill Black on The Real News. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea. You can view here with a transcript. [embedded content]

During his State of the Union speech, Trump touted the recent stock market boom as proof of how well the U.S. is doing. However, as NEP’s Bill Black explains, the boom has nothing to do with new investment. You can view with a transcript here.[embedded content]

Using private debt-collection firms to collect debt from low-income Americans is not only morally reprehensible, but it’s also terrible business, says NEP’s Bill Black in his latest appearance on The Real News Network. You can view here with transcript. [embedded content] [Translate]

Billionaire investor Warren Buffett bet that hedge funds were a bad investment. Ten years later, Buffett’s wager proved that hedge funds earn only one third of what a stock index investment does. NEP’s Bill Black explains the numbers on The Real News Network. You can view here with a transcript. [embedded content] [Translate]

After President Trump signed the GOP tax plan into law, some of the bill’s corporate beneficiaries have offered workers minor bonuses. But NEP’s Bill Black says they’re keeping most of the money for themselves — and starting a new global race to the bottom for corporate taxes. You can view here with a transcript. [embedded content] [Translate]

NEP’s Bill Black appears on The Real News discussing Congressional Republicans have approved their tax bill, a massive upward transfer of wealth that fulfills a decades-long right-wing goal of permanent tax cuts for corporations. You can view here with a transcript.[embedded content] [Translate]

By William K. Black December 22, 2017     Bloomington, MN As Brad DeLong aptly puts it, John Cochrane was once an economist.  Cochrane is now a right wing ideologue surrounded by similar ideologues at Hoover.  He is pushing his new chapter in a Hoover book entitled American Exceptionalism in a New Era.  His chapter’s title is “Law and the Regulatory State.”  I will be writing several articles responding to Cochrane’s chapter, but this first piece concentrates on one key belief that...

By William K. Black December 19, 2017     Bloomington, MN Lawrence J. Christiano was the lead author of the article announcing the Dilettante doctrine that I discussed in the first column in this series.  His ‘dilettante article’ claimed that modern macro got the last crisis so wrong because it ignored the ‘shadow’ financial sector.  I have found a 2008 article by him and two Minneapolis Fed co-authors that illustrates modern macro’s blindness to the shadow financial sector.  The article...

By William K. Black December 18, 2017     Bloomington, MN The truly exceptional thing about ‘modern macroeconomics’ devotees is not that they are so consistently and horrifically wrong or that they persist in their errors – but their exceptional combination of arrogance and disdain for those who have dramatically better records and broader and more relevant expertise.  Kartik Athreya, the Richmond Fed’s Research Director, led the modern macro parade on June 17, 2010 with his blog (which...

Nine million children will go without health insurance under the new GOP tax bill, says NEP’s Bill Black in his latest appearance on The Real News Network. You can view here with a transcript. [embedded content] [Translate]