Category Archives: Banking industry

Bill Black: If Current Laws Prosecuting Bankers Aren’t Used, What Can Warren Change?

Bill Black demolishes the notion that we can’t prosecute banksters with laws now in place. He there’s no need to pass new laws – as Senator Elizabeth Warren proposes – but instead to appoint regulators and legal officers who’ll use what we know about dealing with criminogenic environments to prosecute white collar criminals. And to provide them with support and resources.

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Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”

Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)

How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.

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The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?

Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)

Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.

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Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose

At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.

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