When a newspaper abandons journalistic standards in its news pages one hardly expects to find much commitment to truth on its opinion pages. Therefore it is not surprising that the Washington Post opened its pages to Tennessee Senator Bob Corker to spread the story that government support for homeownership through Fannie Mae and Freddie Mac was the cause of the housing bubble.
|By: Dean Baker Friday November 25, 2011 4:00 pm|
|By: masaccio Sunday November 28, 2010 12:00 pm|
Quantitative easing hurts small savers and retirees. It might work, and it’s the only thing left, since the conservatives won’t use fiscal policy. Let’s hope it works, because it is hurting a lot of people who did not cause the Great Crash.
|By: William Black Saturday July 17, 2010 2:00 pm|
Dr. Wolff is a prominent Marxist economist who teaches at U. Mass and The New School. The book is composed of scores of short essays he did for Monthly Review beginning in 2005. The publicity blurb sent to potential reviewers states that Dr. Wolff “predicted the economic meltdown years ago.” The book does not contain specific predictions of the meltdown beyond the omnipresent Marxist prediction that capitalism is inherently unstable. Dr. Wolff’s articles take note of the bubble and nonprime assets in the articles in the book after the collapse of the bubble and after the crisis in nonprime assets were obvious. Readers interested in the scholars that predicted the specific crisis should consult Jamie Galbraith’s article.
Dr. Wolff’s emphasis is explaining his overall Marxist critique of capitalism’s defects. The articles can be read easily by the general reader. No economic expertise is required and Dr. Wolff writes in English without the Marxist jargon that non-specialists find confusing.
|By: masaccio Sunday March 28, 2010 10:30 am|
Alan Greenspan once admitted that there was a flaw in his thinking about markets. Now he falls back on failed theories and false talking points to defend his failure to act.