Author Archives: Yves Smith

Links 2/14/19

Brexit: The Test of the Ultras?

Another supposed big Brexit day in Parliament. Will this prove to be yet another damp squib?

If Medicare for All Is Politically Impossible, “All Payer” Could Fix the System

How an “all payer” program could be a big and politically palatable step towards fixing America’s broken health care system.

China’s Mountain Of Debt Is About To Crumble

A worrying update about China’s corporate debt.

Climate Damages: Uncertain but Ominous, or $51 per Ton of Carbon?

The dark and contested art of pricing carbon emissions.

Links 2/13/19

Even Endowments Not Beating Vanguard….So What Good Are Those High Fee Private Equity and Hedge Funds?

Even endowments, the supposed best of best among diversified investors, are finding that their old alternative investment mojo isn’t working these days.

A Study in Professional Power: Why Do the Big 4 Accountants Survive?

How the Big 4 accountants cemented their position and why that matters.

On Modern Monetary Theory (#MMT)

Mainstream economists are finally deigning to notice MMT.

How Neoliberalism Is Normalising Hostility

Tracing how neoliberalism has corroded social values.

Links 2/12/19

“Reverse Location Search Warrant”: A New Personal Data Hoovering Exercise Brought to You by Google

Welcome to reverse location search warrants, yet another technology-enabled violation of your Constitutional rights.

On the Built-In Instability of Cryptocurrencies

Why volatility of cryptocurrencies is a feature, not a bug.