- Sep 2022
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Indicative of howclose many Americans are to poverty, a recent study by the Federal ReserveBank found that 37 percent of Americans do not have enough savings put asideto protect them from a $400 emergency.20
- Federal Reserve Bank, “Report on the Economic Well-Being of U.S. Households in 2019” (Washington DC: Board of Governors of the Federal Reserve System, 2020).
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- Jul 2021
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www.economicliberties.us www.economicliberties.us
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BlackRock employs a stable of former policymakers, underscoring the importance the company occupies in both financial and policymaking ecosystems, in something akin to a shadow government entity.[157] Good government groups have documented 118 examples of “revolving door” activity by the company—cases in which a government official joined BlackRock’s roster, or vice versa.[158] In one particularly troubling example of how Washington’s revolving door operates, in 2017, a former BlackRock executive was put in charge of reviewing the FSOC’s work for the Treasury Department.[159] Unsurprisingly, the Department’s conclusion was that FSOC should “prioritize its efforts to address risks to financial stability through a process that emphasizes an activities-based or industry-wide approach,” the company’s preferred position.[160] This conclusion all but ensures that BlackRock will not be designated for greater regulation by the FSOC under the Trump administration.
To Big To Fail? Above The Law? Shadow Government?
The term "shadow government" comes up often when investigating Revolving Door partnerships between corporations and former government policymakers. One particular public corporation, BlackRock Investments is the poster child of revolving door activity and comparisons to a shadow government.
BlackRock is front and center in the manipulation of todays Real Estate bubble.
BlackRock should be marketed as;*The Largest Asset Manager and Keeper of The Neo-liberal Flame; We Kill Children to Make You Money and We Enjoy Doing It!*
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- Aug 2020
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www.nber.org www.nber.org
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Correa, R., Du, W., & Liao, G. Y. (2020). U.S. Banks and Global Liquidity (Working Paper No. 27491; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27491
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Bianchi, F., Faccini, R., & Melosi, L. (2020). Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength (Working Paper No. 27112; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27112
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- Apr 2016
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marketmonetarist.com marketmonetarist.com
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The paper with the ambitious title Optimal Monetary Policy at the Zero Lower Bound Bullard has co-authored with Costas Azariadis, Aarti Singh and Jacek Suda.
Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
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- Oct 2015
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ilearn.sfsu.edu ilearn.sfsu.edu
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The parallels with the 1970s are uncanny—including the immediate easy-money response of the Federal Reserve in 2007–08, which will almost certainly generate strong currents of uncontrollable inflation,
Sometimes there isn't an easy fix for the repercussions of an easy fix we made before to a previous issue.. Instead of a band aid, we need to input the necessary monetary/other resources to completely fix the issue, or it will be a constantly recurring issue
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- Jul 2015
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www.stlouisfed.org www.stlouisfed.org
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This working paper was discussed in the Washington Post's Wonkblog on 28 May 2015 http://wapo.st/1LN3snw
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Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
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www.washingtonpost.com www.washingtonpost.com
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active link to this working paper Optimal Monetary Policy at the Optimal Level Bound
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Bullard's co-authors are Costas Azariadis of Washington University and the St. Louis Fed, Aarti Singh of the University of Sydney and Jacek Suda of the Narodowy Bank Polski.
Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
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