Send a Tweet
Most Popular Choices
Share on Facebook 8 Share on Twitter 1 Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 4/2/14

Dr. Draghi Prescribes a Dose of Deflation for Spain as his latest Quack Cure

By       (Page 3 of 3 pages) Become a premium member to see this article and all articles as one long page. (View How Many People Read This)   2 comments
Author 83093
Message William K. Black, J.D., Ph.D.
Become a Fan
  (42 fans)

They also never bring up the alternative of a true fiscal stimulus.  (Both WSJ articles use the word "fiscal," but neither of them even mentions the alternative of a fiscal stimulus involving spending on the eurozone's tremendous unmet needs and a jobs guarantee program.)  The NYT article is so disgraceful that it does not even mention the unemployment (that exceeds Great Depression levels in Spain, Italy, and Greece or any of the resultant human suffering).  We know why the troika-trolls want human suffering to disappear from the narrative, but since it should be the overwhelming focus of any article about these topics we have to ask why journalists continue to display such malign malpractice no matter how many times we spell out in detail the errors.

We know why the "there is no alternative" (TINA) chorus is desperate to avoid discussing the obvious, long-proven alternative to failed austerity.  What is incomprehensible is why U.S. financial journalists continue to parrot the troika-trolls and TINA-twits without even approaching the degree of critical thinking and knowledge about the economy that our freshmen undergraduate students are required to display to succeed in their first test in their first course in macroeconomics.

UMKC's offer still stands.  We'll hold a free two-day seminar for a group of journalists who want to learn the basics of macroeconomics and critical thinking necessary to write in this field.

Next Page  1  |  2  |  3


Must Read 1   Well Said 1   Supported 1  
Rate It | View Ratings

William K. Black, J.D., Ph.D. Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

William K Black , J.D., Ph.D. is Associate Professor of Law and Economics at the University of Missouri-Kansas City. Bill Black has testified before the Senate Agricultural Committee on the regulation of financial derivatives and House (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Incredible Con the Banksters Pulled on the FBI

History's Largest Financial Crime that the WSJ and NYT Would Like You to Forget

The Greek Depression, the Troika, and the New York Times (videos)

What if the Public Understood How Money Works?

The New York Times Urges the Troika to "Make an Example of Greece"

Rajan Calls Krugman "Paranoid" for Criticizing Reinhart and Rogoff's Research | New Economic Perspectives

To View Comments or Join the Conversation: