Reinventing Government: the 1995 Speeches Announcing the Road to Ruin

by William K. Black, New Economic Perspectives Introduction to the “Reinventing Government” movement Anyone who has worked for a large government or firm knows their tendency to be bureaucratic.  Everyone has had the experience of dealing with bureaucratic mentalities, including the volunteer soccer referee who lets power go to his head and becomes an arrogant …

The Great Debate©: Did Fannie and Freddie Cause the Great Financial Crisis?

The Neville Awards Case Against Fannie and Freddie Written by John Lounsbury The Neville Awards is a website that has collected published media reports and opinion about the role of Fannie Mae and Freddie Mac in creating the Great Financial Crisis.  The attribution for this section of The Neville Awards is: Compiled by Gary Starr …

Update: The Best Way to Rob a Bank is to Own One

by William K. Black, New Economic Perspectives Editor’s note: This is a summary of the writings of Prof. Black over the past several years encompassing the manifest destiny of the political and economic thinking that resulted in the Great Financial Crisis.  The author has called this a “postscript” to his widely acclaimed book.  This editor …

The Great Debate©: Deficits, Robert J. Samuelson vs. William K. Black

Introduction to the Debate by John Lounsbury Robert J. Samuelson, opinion writer at The Washington Post, believes that both presidential candidates are avoiding addressing the U.S. budget problems and are misleading the American public.  Prof. William K. Black, University of Missouri Kansas City, counters with the assertion that Samuelson is deliberately misleading his readers and …

The Great Debate©: Is More Financial Regulation Needed?

The debate is started by a Wall Street Journal column written by Wendy Long, Republican/Conservative Candidate for the U.S. Senate from New York.  The reply is by William K. Black, a frequent contributor to Global Economic Intersection. A Smarter Approach to New York’s Banks by Wendy Long Since the financial crisis began in 2008, four …