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The Austerity Beatings of Greece Will Continue Until Its Morale Improves

By William K. Black April 17, 2016     Bloomington, MN

The old joke, that conveys a critical truth, is the poster that says “The daily floggings will continue until morale improves around here.”  The troika misses the irony in the poster,...

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Money and Banking Part 12: Economic Growth and the Financial System

By Eric Tymoigne

Money is the blood of capitalist enterprise and finance is about money now for money later. As such a well-developed financial system is essential for economic activity in a capitalist economy. The broader the range of promissory notes that can be issued, the more...

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AEI Pushes Government Propaganda Telling Women to Marry Schlubs

By William K. Black April 5, 2016     Bloomington, MN

I wrote a two-part column on the joint report by AEI and Brookings on poverty reduction.  Part two of my column focused on the policy that report pushed most prominently – a government program of...

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Money and Banking – Part 11: Inflation

By Eric Tymoigne

We are done with the study of banking operations. The next step is to incorporate them into the analysis of macroeconomic issues and this post begins on such topic by focusing on inflation. When inflation is mentioned, it is usually in relation to the cost of buying newly produced goods...

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Money and Banking-Part 8: The Private Banking Business

By Eric Tymoigne

The US financial system is extremely complicated and this series shades light only on some corners of that system by focusing on the banking sector. Here is a broad picture of the US financial system (some things have changed since the time I made this). Since the beginning of...

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The Clintons Have Not Changed: The Clintonian War on the IGs

By William K. Black February 23, 2016     Bloomington, MN

Secretary Hillary Clinton is asking Democratic voters to believe that she has experienced a “Road to Damascus” conversion from her roots as a leader of the “New Democrats” – the...

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We will always want to trade with Europe, because it's rich and close. The only question is the terms on which we will do so...
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The Urgent Need to Save Orthodox Economists from their Crippling Myths

William K. Black February 29, 2016     Brooklyn, N.Y.

A blogger has trolled all heterodox economists as believers in the “occult.”  More precisely, he is upset about “econ people” (who are likely not economists) and who tweet him...

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What would happen to British exports after a vote to Leave? Would Britain face a decade of economic turmoil? We answer your questions...
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We hear a lot about the risks of Brexit, but here's a dispassionate look at what could happen if we remain in the European Union...
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