Author Archives: Yves Smith

The #MMT Case for Progressive Taxes

MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.

U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever

Oil production as a source of political advantage will no doubt keep official US climate change denialism alive and well.

China’s Belt and Road Initiative vs Washington Consensus

An update by Jomo Kwame Sundaram on how China and the US are faring in their use of trade and development policy to foster growth and project power.

Links 3/20/19

Brexit: End of the Road

The UK has run out of time for Brexit machinations, even if that isn’t well recognized yet.

Links 3/19/19

Technology: From Copycats to Innovators

How China is cuttting into America’s technology advantage, and how the US can respond.

Another Theresa May Faceplant as the Brexit Clock Ticks: Speaker Bercow Nixes Another Meaningful Vote in Current Session [Updated]

Brexit demonstrates the saying, “Things look the darkest before they go completely black.”

Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)

Chronicling and debunking more scurrilous attacks against MMT.

Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger

Even by the low standards of necessity-driven bank mergers, the proposed tie up of Deutsche Bank and Commerzbank looks particularly dodgy.

“Middle Class” Once Meant Stability and Now Means Fragility

The middle class used to be the bedrock of American institutions. Now its members are coping with an uncertain future.

Seeking Feedback on Possible Meetups: DC on Thursday March 28, Milwaukee on Wednesday May 1?

Please react to some ideas for meetups!

TD Bank: America’s Most Inconvenient Bank

Why you should not bank at TD Bank.

Links 3/16/19