What is the Bullshit Economy?
Establishing some first principles of the bullshit economy.
Read more...Author Archives: Yves Smith
The War Nerd: Taiwan — The Thucydides Trapper Who Cried Woof
Parsing the war of words (and some deeds) between the US and China, particularly over Taiwan.
Read more...Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe
Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.
Read more...Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?
Michael Hudson seeks reader input on what to call modern governments not run by traditional nobles or financial interests.
Read more...Prince Philip Was the Godfather of Anglo-British Nationalism
Prince Philip pulled together TV, tabloids and monarchy. But that won’t work for younger generations – as Harry and Meghan know
Read more...What Covid Means for the Athlete’s Heart
Preliminary data suggests up to 1 in 5 people with Covid-19 wind up with heart inflammation. Athletes should fare better but are at risk too.
Read more...Wikipedia’s Deep Ties to Big Tech
Contrary to its image as a cash-strapped, open public service, Wikipedia tries to hide that it is a wealthy NGO with close ties to big tech.
Read more...FBI Investigating Reporting Fraud at $62 Billion Pennsylvania Public Pension Fund, PSERS; Returns Allegedly Falsified to Avoid Increased Worker Contributions
A major public pension fund, PSERS, looks to have been cooking its books, to the degree that the FBI is asking difficult questions.
Read more...Good Friday and Easter Church Raid Attempts by Police Over Covid Intensify Conservative Christian Vaccine Hesitancy
A doctor describes how the officialdom’s arrogant, “one size fits all” vaccine messaging is backfiring by alienating conservative Christians.
Read more...Martin Luther King’s America Redux: “The Greatest Purveyor of Violence in the World”
Liz Theoharis commemorates the anniversary of Martin Luther King’s “Beyond Vietnam” speech.
Read more...Links 4/3/2021
Why the Government Bonds Owned by the Bank of England Are Not a Debt Burden, Even When They’re Repaid
A short discussion of government bonds and what happens when a central bank holds them.
Read more...QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, Up $3.5 Trillion in 13 months
Trying to make sense of what the Fed is up to.
Read more...The ‘Roaring Twenties’ and Covid Recovery: Revisiting the Evidence for Europe
Are the Roaring Twenties an analogue for what a post Covid economy would look like?
Read more...Good Friday Special: Marcelito Pomoy – The Prayer
A musical departure from our usual programming, in the form of a Marcelito Pomoy performance.
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