Author Archives: Yves Smith

The Coronavirus Depression Requires A New Approach to Budgeting

Coronavirus spending illustrates the foolishness of legislators believing their own numbers.

Informal Workers in the Time of Coronavirus

Not surprisingly, people who don’t have regular jobs will be very hard hit by the coronavirus crisis. And there are a lot of them.

Coronavirus: More Wheels Coming Off

Some scattered but nevertheless telling signs of coronavirus impact.

The First Victims of the Oil Price War

Why Russia has the upper hand in the oil price war, and what that might mean for US shale players.

Alejandro Nadal, a Giant in Global Conservation

A tribute to Alejandro Nadal, who fought for elephants and against wildlife trafficking and environmenal degredation.

Links 3/31/2020

Developing a Vaccine for Covid-19. What To Expect?

A quick look at the state of play for a Covid-19 vaccine.

Firing of Whistleblowing Emergency Room Doctor Ming Lin By Blackstone-Owned TeamHealth Demonstrates Outsized Role of Private Equity in Hospital Staffing

Blackstone’s TeamHealth, a big perp in the scam called “surprise billing,” retaliated against a doctor who criticized unsafe Covid-19 practices.

Brace Yourselves: The US Is Setting Up a Ghastly “Natural Experiment”

The US may be about to be exceptional…in not a good way.

Radical Imagination: Imagining How the World of Finance Really Works

Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.

Tax Justice and Modern Monetary Theory – A Guide

Does Modern Monetary Theory take tax justice for granted?

Do Not Force Us to Shut Down Comments

Comments are out of control. If you do not shape up pronto, we will be forced to shut them down.

Links 3/28/2020