Why Krugman's Latest Attack on Sanders' Economic Plans Is Wrong

[Jefferson23]

Economists Bill Black and Michael Hudson respond to Paul Krugman's latest New York Times column, "Sanders Over the Edge"

April 9, 2016

Video only, running time, 15 min,approx.

biography

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents. His most recent book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.

William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=16087

[Peace Patriot]

1. Paul Krugman is on my shit list forever!

But I have to say that it's amusing to see the pigs squealing out of the pigpen in stark horror at the threat of slop cutbacks on their very piggy lifestyles. Eek! Eek! Bernie's going to make us pay our taxes. EEEEEK! Bernie's going to PUT A TAX on WALL STREET SPECULATION! Eeky-Zeeky horrors! Bernie's gonna break up my golfing partners at Citibank!

Okay, I'm going to stop insulting pigs.

I'm feeling THE BERN so bad I can't stand it! Humans can be such shits when THEY'VE GOT THEIRS!

[Jefferson23]

2. Bill K Black is not someone I would want going after me.n/t