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Nine People Who Saw the Greek Crisis Coming Years Before Everyone Else Did

Professor’s Forstater, Kelton and Wray are among the Nine People Who Saw the Greek Crisis Coming Years Before Everyone Else Did.

Although the problems in Greece didn’t begin making big headlines until 2009, a number of economists, politicians and professors spotted cracks in the European currency union as early as the 1990s. Meanwhile, it’s interesting to note that the country had a tough time making it into the single currency in the first place. Continue reading

UMKC professor among handful of economist to predict Eurozone fiscal downturn

KANSAS CITY, Mo. – It’s not something Dr. Randall Wray wanted to be right about.

“When you have your own currency, you have sovereign power,” said Wray, a professor at the University of Missouri Kansas City.

But when it came to predicting Europe’s financial downturn, the economics professor was spot on. Continue reading