{"id":22669,"date":"2016-05-15T10:58:13","date_gmt":"2016-05-15T14:58:13","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22669"},"modified":"2016-05-15T10:58:13","modified_gmt":"2016-05-15T14:58:13","slug":"mankiw-morality-in-a-mash-up-with-mankiw-myths","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/05\/15\/mankiw-morality-in-a-mash-up-with-mankiw-myths\/","title":{"rendered":"Mankiw Morality in a Mash Up with Mankiw Myths"},"content":{"rendered":"<p><em>New Economic Perspectives<\/em> has the article <a href=\"http:\/\/neweconomicperspectives.org\/2016\/05\/mankiw-morality-mash-mankiw-myths.html\" target=\"_blank\">Mankiw Morality in a Mash Up with Mankiw Myths<\/a>.<\/p>\n<blockquote><p>Bernie\u2019s explanations of how the financial system is rigged, however, use conventional economics that people like me (one of his economic advisers) have long employed in our research.\u00a0 I will show that Mankiw is actually spreading rather than refuting myths about the rigged system.\u00a0 Mankiw\u2019s own economic \u201cprinciples\u201d support Bernie\u2019s explanation of why the financial system is rigged.<\/p><\/blockquote>\n<p>Read Bill Black&#8217;s eloquent take-down of anybody who pretends that there weren&#8217;t massive crimes committed during the build-up of the financial bubble and its inevitable bursting in 2008\/2009.<\/p>\n<p>Hillary Clinton&#8217;s challenge to Bernie Sanders to name one crime that was committed could have been answered by his handing her this article from one of his own economic advisers. I was surprised when Bernie Sanders came unarmed to that fight (debate). That mistake might cost Bernie the election.<\/p>\n<p>In the article, Black mentions that not all CEO&#8217;s are incentivized to commit fraud, but he never explicitly states why.\u00a0 The disincentive to commit fraud has always been the threat of being sent to prison for committing the fraud.\u00a0 Now that President Obama and his Attorney Generals have buried the disincentive, what is left to stop this rampant crime on Wall Street?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Economic Perspectives has the article Mankiw Morality in a Mash Up with Mankiw Myths. Bernie\u2019s explanations of how the financial system is rigged, however, use conventional economics that people like me (one of his economic advisers) have long employed in our research.\u00a0 I will show that Mankiw is actually spreading rather than refuting myths [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22669"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22669\/revisions"}],"predecessor-version":[{"id":22670,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22669\/revisions\/22670"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}