Category Archives: Moral hazard

How Experts Enable Corruption: The Role of Conflicted Lawyers at CalPERS and Other Public Pension Funds

As Trump is about to be sworn in, the press and pundits are agog about his and his fellow Cabinet members’ deep and extensive conflicts of interest, and how dangerous they is for democracy.1 But the hue and cry about conflicts of interest is late in coming. They’ve been tolerated more and more over time […]


Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance

A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.