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L. Randall Wray

Affiliation: University of Missouri

L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute.

His research expertise is in: financial instability, macroeconomics, and full employment policy.

Visit: L. Randall Wray's Page




L. Randall Wray's Latest Articles | 57

It Takes Real Skill to Lose $2 Billion

Sep 18, 2011| 

Sometimes you come across a story that really warms the cockles of your heart. I am talking, of course, about the report on UBS’s star trader, Kweku M. Adoboli... Read »

Should European Nations Repudiate the Debt?

Jun 13, 2011| 

It is becoming increasingly clear that the global economy (at least in the West) is heading for a steep downturn. Almost all the US data coming out in recent days... Read »

Should Irish Voters Follow the Example Set by Icelandic Voters?

May 5, 2011| 

Voters in Iceland have rejected their government’s attempt to foist on them the costs of bailing out foreign creditors. Iceland’s oversized big banks had made... Read »

The S&P Downgrade: Much Ado about Nothing Because a Sovereign Government Cannot go Bankrupt

Apr 23, 2011| 

The claims about “unsustainable deficits” gained new urgency this week as S&P warned that it was downgrading US federal government debt from stable to ... Read »

Modern Budget Cutting Hooverians Want a Return to the 1930s

Apr 6, 2011| 

In a Wall Street Journal article this week three Hoover Institute economists (Gary Becker, George Schultz and John Taylor) endorsed Republican efforts to make large... Read »

The Perfect Fiscal Storm: Causes, Consequences, Solutions

Apr 1, 2011| 

Approximately a decade ago I wrote a paper with a similar title, announcing that forces were aligned to produce the perfect fiscal storm. What I was talking about... Read »

Pressures on the Paradigm: The Fall of the New Monetary Consensus

Jan 10, 2011| 1

The following is a paper given at the ASSA conference in Denver this past week for a panel organized by James Galbraith, titled Pressures on the Paradigm, sponsored... Read »

Liberals Need Not Fear Obama’s Tax Deal: Why a Payroll Tax Holiday Actually Helps Support Tomorrow’s Retirees

Dec 13, 2010| 1

The commentary in the aftermath of President Obama’s announced tax deal with the GOP has been both predictable and, for the most part, misconceived. Leaving... Read »

Boehner Gets One Right: Fire Obama’s Economics Team

Aug 25, 2010| 2

In a surprising turn of events, Representative Boehner finally got something right: Obama’s entire economics team has got to go. Many have already jumped ship,... Read »

The Wingnuts Go After Fannie and Freddie

Aug 19, 2010| 2

In recent weeks the wingnut right wing ideologues have made a lot of headway in their goal of gutting Social Security. Well-funded by hedge fund manager Pete Peterson... Read »

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