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 | 61

Robin Hood Rides to the Rescue

Mar 4, 2014| 

Memo to Obama: Don’t tie progressive spending policy to progressive tax policy. Each can stand on its own. Reported today in the Washington Post: Obama proposes... Read »

What If China Dumps US Treasury Bonds?

Nov 13, 2013| 

Our deficit hysterians love to raise the specter of China. Supposedly Uncle Sam is at the mercy of the Chinese, who have a stranglehold on the supply of dollars... Read »

A Plan for All the Detroits Out There

Jul 24, 2013| 

Should the federal government bailout Detroit?  That’s the question everyone is debating.  We think the discussion should be expanded well beyond this narrow... Read »

How’s that Euro Thingy Working Out?

May 1, 2013| 

European integration was a grand plan, perhaps driven by lofty motives. I don’t take a position on that since I’m not European. But as we have argued from the... Read »

Nostradamus and the Euro

Jul 30, 2012| 

Let’s end the debate about who was first to predict the Euro disaster: Nostradamus. When I was in high school we discovered Nostradamus while goofing around in... Read »

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 »

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