Failed COVID Strategy Leaves Sweden Deeply Divided
Sweden became a symbol for anti-lockdown and no-mask movements across the world. But it’s no longer a source of consensus at home.
Read more...Author Archives: Yves Smith
Work in 2021: What Makes a “Good Job” Good?
Musing on the place of work in society.
Read more...Former Board Member JJ Jelincic Sues CalPERS Over Illegal Secret Board Discussion After CIO Ben Meng’s Abrupt Departure and Hiding of Records Related to $583 Million Overstatement of Real Estate Assets
Former CalPERS board member JJ Jelincic is pursuing the thankless task of getting the agency to shape up. He may have found a leverage point.
Read more...DSGE, the Standard Economic Paradigm, is Based on Bad Modeling
Why the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics.
Read more...Links 3/6/2021
Pointless Pain Is What We’re Enduring. And All for the Sake of Accepting That Money is Not a Constraint on Our Potential, and Never Will Be
Defitic hysteria, UK style, and why misunderstanding what government money is about persists.
Read more...The Jobs Recovery, Compared to the “Good Times” Trend
February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.
Read more...Economists’ Rx: “Sick? Stay Home!”
Economists endorse sick day mandates. Pass the word.
Read more...Covid Deranges the Immune System in Complex and Deadly Ways
The more experts look at Covid, the more they seem to come up with new questions rather than answers.
Read more...Covid Baby Bust Has Governments Rattled
A falloff in baby production has capitalists very worried.
Read more...The U.S. Grid Isn’t Ready For A Major Shift To Renewables
The Texas power outages exposed serious shortcomings with the structure and operation of the US electrical grid.
Read more...GOP Voting Rights Act Position Falls Apart in SCOTUS Arguments
The GOP scored an own goal in its Supreme Court arguments on a closely-watched Arizona voting rights case.
Read more...Bad Stimulus: Government Payments to Individuals Are a Terrible Way to Solve America’s Structural Economic Problems
Why the Biden stimulus program is fundamentally wrongheaded.
Read more...Facebook and Google vs the Free Press
The effort to contain Google and Facebook were only in the skirmish stage until Australia and Maryland upped the ante with their tax powers.
Read more...RIP Gold. Killed by Bitcoin
Inflationistas have abandoned gold and moved on to a new fetish.
Read more...