L. Randall Wray
L. Randall Wray's Latest Articles | 39
What Caused the Budget Deficit? Not What You Think!
Despite all the conservative uproar against Obama’s stimulus plan, the largest portion of the increase in the deficit has come from automatic stabilizers and not... Read »
Worst Revelation Yet in the On-going Goldman-AIG-NYFed Scandal
Richard Teitelbaum reported today that Timothy Geitner’s New York Fed hid the smoking gun that proves Goldman played the key role in bringing down AIG. The... Read »
Memo to Greece: Make War Not Love with Goldman Sachs
In recent weeks there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro... Read »
Time to Throw Some Water on the Deficit Hysteria Fire
Can or should the federal government balance its budget? Nowadays the only thing on everybody’s mind is the level of government deficit and national debt.... Read »
Wall Street Still Doesn’t Get It
Peasant Insurance, Greek Debts, and CLX Derivatives Forget the bonuses. Sure, it is disgusting that Wall Street is funneling government bail-out funds straight to... Read »
Why Do Progressives Claim that Deficits Today Mean More Pain Tomorrow?
Yesterday I posted a blog here arguing that we should not conflate a sovereign government’s balance sheet with that of a household. One is the issuer of the... Read »
Let Banks Choose: Bonuses or Bank Charters?
Now here is the best idea we have seen yet. Britain’s Financial Services Authority has come up with the ultimate response to bank claims that they must pay... Read »
What President Obama Ought to Say in His State of the Union Address
President Obama: Over the past year it has become amply clear that targeting most of the Federal Government’s assistance toward Wall Street rather than Main... Read »
Will Bernanke Be Reappointed? Does It Matter?
There is a lot of speculation over the reappointment of Ben Bernanke to continue to head the Fed, with the Obama Administration pushing hard. Of course, Wall Street... Read »
Bye, Bye Pensions, Goodbye
I recently attended a financial markets conference at which some pension funds managers as well as a former head of the Pension Benefit Guarantee Corporation (PBGC,... Read »
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- Zorro for the Common Good .. Lefty — thanks for the kind words, but I think you’re...
- Thomas .. Germany is the world’s largest Exporter along with China, best infrastructure in...
- Luis de Agustin .. Give credit to Dr. Roubini for getting the depth of the great recession right....
- Lefty .. Aspen.. Calling someone a Rookie, when they obviously are very well versed in something...
- Jim .. Really? Germany’s not in trouble? OK, I know to take any financial advice from the...
- Ken .. Cramer doesn’t like big oil anymore? It must be a buy…
- John P .. The US or the UK will not default on its debt at all. Marc Faber’s assertion that...
- Duke .. Live long enough you’ll hear it all. Mark. Costs are artificially high especially...
