The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Author Archives: Yves Smith
Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top
Why preserving (big) corporate profits will not bail out the economy.
Read more...Can the Intra-Party Rift Be Healed, At Least For Now? Or Must the Fight Be Fought in 2020?
Is the Democratic Party redeemable?
Read more...Michael Hudson: A Brady Bond Solution for America’s Unpayable Corporate Debt
Another sign that America has gone banana republic: Brady Bonds, used in the Latin American debt crisis, would be suitable medicine for our corporate debt hangover.
Read more...What the Government Needs to Do Next to Tackle the Crisis
Jamie Galbraith describes what government needs to do to keep hospitals and the real economy functoning during the coronavirus crisis.
Read more...Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...Covid-19: A Tale of Three Regions
An epidemiloigist looks at Covid-19 data.
Read more...Links 3/21/2020
NYU Preparing for Possible Use of Dorms as Field Hospitals
Contingency planning for emergency hospitals.
Read more...UN Chief Warns of Coming Recession for the Planet
The UN feels compelled to weigh in on the less-than-sunny economic outlook.
Read more...The Pros and Cons of Planting Trees To Address Global Warming
Why planting more trees is not a climate change magic bullet.
Read more...How McKinsey Got Greedy
How McKinsey put money over its once vaunted firm values.
Read more...Why the Coronavirus Pandemic Could Weaken the School Privatization Agenda
Coronavirus-generated suspensions of testing throws a monkey wrench into the charter school agenda.
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