The Return of la Marine
Today, the divide from which Marine Le Pen profits has reached alarming proportions, most recently with the eruption of the revolt of the gilets jaunes.
Read more...Author Archives: Yves Smith
Brexit: Disintegration
Brexit crunch week starts. And something will break, it’s just not clear precisely what.
Read more...Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”
Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.
Read more...Meetup Reminders: Washington, DC This Friday April 12 with Matt Stoller; Boston Thurs April 25; Milwaukee Wed May 1; Minneapolis Thurs May 2
Hope you can make one of our upcoming get-togethers! See our meetup times and venues.
Read more...Links 4/6/19
New York Sues Big Pharma for Opioid Crisis
The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Read more...3 Questions That ‘Created Havoc’ in Betsy DeVos’ Department of Education
Betty DeVos has trouble answering questions on charter school fraud. Quelle surprise!
Read more...Belief in Meritocracy Is Not Only False, It’s Bad for You
Meritocracy is a dubious ideology, save for supporting the status quo.
Read more...Links 4/5/19
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Read more...The Biggest Problem in the War on Cash
Banks and retailers are running into strong political opposition to restricting the use of cash.
Read more...Put Bernie Sanders’ Face on Those Joe Biden Photos, Then Imagine What Party Leaders Would Be Saying
Another cut on #MeToo’s hypocisy with respect to Biden.
Read more...The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?
Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?
Read more...Links 4/4/19
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)
By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]
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