Author Archives: Yves Smith
How Kentucky Tried to Make the Country’s Worst-Funded Public Pension Plan Even Worse
Many public pension funds are in a very deep underfunding hole, and too many are resorting to high fee investment strategies that at this point in the cycle are costly hopium. Gordon Hamlin, a pro bono advier to public pensions, sets forth a strategy for the most deeply underfunded state pension, the Kentucky Retirement System.
Read more...Why We Need New Measures of Potential Output—and What They Tell Us
Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.
Read more...“There Is No Alternative” to Managing the Economy and the Climate
Why the US needs to embrace an industiral policy to combat climate change.
Read more...British Government Passes the Buck to Sweden Where the Military Offense Exclusion Protects Julian Assange From Extradition to the Us
The UK looks likely to welcome to pass the Assange hot potato to Sweden….which could turn out to be a lucky break.
Read more...Links 5/15/19
”Who Says Violence Doesn’t Solve Anything?” A Review of Radicalized: Four Tales of Our Present Moment by Cory Doctorow
Radicalized presents uncomfortable truths about the neoliberal vise.
Read more...How Deep Is Boeing’s Hole?
A favorite saying of famed short seller David Einhorn is, “No matter how bad it looks, it’s worse.”. This appears particularly true of Boeing these days.
Read more...China-US Trade War Heats Up: 3 Reasons It Won’t Cool Down Anytime Soon
Why the US and China are gridlocked on trade.
Read more...Working on Cloudflare’s Captcha Hell
Cloudflare doesn’t seem terribly interested in addressing a “captcha hell” that almost certainly originates with them, so please be patient while we work on seeing if we can change settings to make things more tolerable.
Read more...“It’s Not Just Barclays – Tackling Climate Change Means Building a New Bank System”
A discussion of using bank lending as a way to tackle climate change.
Read more...ZEN and the Art of Modern Money, Part 3 (MMT)
More MMT for people in a hurry.
Read more...Why Everyone in the U.S. Who Counts Wants Julian Assange Dead
Keep your eye on what Assange’s real offenses are in the minds of the officialdom.
Read more...ZEN and the Art of Modern Money, Part 2 (MMT)
MMT for people in a hurry.
Read more...The Roots of Health Inequality and the Value of Intra-Family Expertise
Having doctors in the family is good for your healh. Who’d have thunk it?
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