Discussing the failure of modern macro to incorporate the financial system into its models, Ben asks, why did the bursting of the housing bubble spank the economy so much harder…

…the impact of the global financial shock that had begun in the U.S. The borrowers did not require extensive conditionality, although there were measures to strengthen their financial sectors, particularly…

…of Defense, even if he sells all those financial interests in defense contractor companies that the ad says he has, and in that company that invests in Iran, and stops…

…a tax law expert, a historian, PhDs in economics, business consultants and financial professionals provide perspectives on the financial world. Despite their expansive coverage of economic issues, their articles are…

…a very close relationship with the financial sector. Simple examples of this include: a. Of the three advisory committees that advise the Board of Governors of the Federal Reserve directly,…

Yves Smith, Matt Taibbi, and Bill Moyers talk on the financial Follies of Big Banks and Government Matt Taibbi: The question I wanted to ask is, was, really more about…

…the poor. You could call either (as in Carmen Reinhart’s “pity the poh’ bondholders” perorarations) “financial repression” — though the charge seems sadly misplaced in one of the two contexts….

…the complexities of financial management and address potential risks proactively. To summarize: 1) Over the last 30 years banking has devolved from a necessary financial function involved in the allocation…

…consumer, student, vacation and health-care-related spending, and therefore to the depletion of home equity as an element in the financial security of the middle class. As the process unfolded over…

…and the wealthiest 1% who own a substantial portion of the financial assets received significant benefits. Much of the argument in favor of reducing taxation on the income from capital…