These questions are each worth 60 points and refer to Mehrling’s book, The New Lombard Street.
In Ch. 4, starting p. 79, Mehrling has a section titled “Brave New World.” The discussion started here runs through the following section, “From Modern Finance to Modern Macroeconomics,” which runs till the end of the chapter on p. 91. These pages in the book are also covered in my slides 140-151. There are also Mehrling videos to accompany linked to for class on March 22.
The assignment here is to explain the financial innovations that Mehrling is discussing and their significance for Modern Finance (e.g., CAPM) and Mehrling’s critique that they’ve ignored liquidity.
In Ch. 6, Mehrling discusses the Fed’s (and Treasury’s) reactions to the financial crisis. You will want to read the entire chapter (much of which will review shadow banking, but incorporate the Fed’s response to the crisis, so it’s useful), but the assignment starts on p. 123 with the section “A Stress Test of Moultin-Martin” and runs through p. 131. My PPTs cover this in slides 195-210. There are Mehrling videos related to this linked to for the class on April 5.
The assignment is to explain Mehrling’s perspective on why the shadow banking system collapsed.
Use essay form (intro/body paragraphs/conclusion)
sources depand on what you used from what i provide so you can go with less than 5 or more
Link to videos
Related to chapter 4 question
• Perry Mehrling
o Lecture 8-7 (4.5 minutes) https://youtu.be/8WBk34CHXKw
o Lecture 8-8 (9 minutes) https://youtu.be/7JXyFsCl4D8
o Lecture 8-9 (3 minutes) https://youtu.be/iLSolU5-CSY
o Lecture 19-2 (8 minutes) https://youtu.be/dlaIO_35Vp8
o Lecture 19-3 (11 minutes) https://youtu.be/snG05OFavjU
o Lecture 19-4 (10.5 minutes) https://youtu.be/nCrxDIuCZ2Y
o Lecture 19-6 (9 minutes) https://youtu.be/HjeQRfq8WE4
o Lecture 19-7 (6 minutes) https://youtu.be/T9TfVmhp3EY
o Lecture 19-8 (5 minutes) https://youtu.be/0WiQpgTIvRo
o Lecture 19-9 (7 minutes) https://youtu.be/RYsIpeGpQms
Related to chapter 6 question
• Perry Mehrling
o Lecture 12-2 (4 minutes) https://youtu.be/5oriNHybOsc
o Lecture 12-3 (7 minutes) https://youtu.be/PZStGPgCWKk
o Lecture 12-4 (7 minutes) https://youtu.be/SJt4soq71HA
o Lecture 12-5 (10 minutes) https://youtu.be/N8r9LGsysjE
o Lecture 12-6 (8 minutes) https://youtu.be/8qGW896JlHg
o Lecture 12-7 (4.5 minutes) https://youtu.be/808nhtHPTac
o Lecture 12-8 (9 minutes) https://youtu.be/L_2FGkdSzgE
o Lecture 12-9 (16 minutes) https://youtu.be/xQ0HUa7FQwE
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.