Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore
How the shale boom made the US less vulnerable to oil supply shocks.
Read more...Author Archives: Yves Smith
Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong
Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.
Read more...Keynes Was Really a Conservative
“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”
Read more...Links 9/14/19
Dude! Where’s My Democracy?
People turn to authoritarian leaders not because they distrust democracy but because our system is fundamentally undemocratic.
Read more...Majority in US Back Free College Tuition and Student Debt Cancellation, New Poll Finds
Sanders’ and Warren’s supposedly wild eyed ideas of cancelling student debt and making college tuition free get a thumbs up in a new poll.
Read more...48 States to Investigate Google: Anti-Trust or Politicking?
The messy politics of the 48 state Google anti-trust investigation.
Read more...Links 9/13/19
The US Massively Underestimates the Trade War Blowback
US trade and economic sanctions not only have not delivered on their stated aims, but they’ve also had unwelcome side effects.
Read more...Modi’s Kashmir Power Grab Was Decades in the Making
Repeated constitutional attacks paved the way for the government to finally strip Kashmir of its rights.
Read more...Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.
Read more...Michael Hudson: Why We Need to Abolish the Democratic National Committee, Even if That Means Breaking Up the Democratic Party
Reflections on the charade of the Democratic Party debate.
Read more...Richard Murphy: Brexit Yellowhammer Is Wrong, but That Doesn’t Mean We Should Ignore It
The Brexit headlines focused on Yellowhammer when that isn’t the biggest development of the day.
Read more...Axios: What’s the Actual Cost of Not Addressing Climate Change?
bunking some arguments against Sanders’ climate change program.
Read more...The Two Sides of Government Guarantees for Banks
Not all guarantees are created equal, and what that means for banks.
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