“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.
Read more...Author Archives: Yves Smith
Seeking Feedback on Possible Meetups: DC on Thursday March 28, Milwaukee on Wednesday May 1?
Please react to some ideas for meetups!
Read more...TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
Read more...Links 3/16/19
Outsourcing Giant Interserve with 65,000 Employees Collapses
Another UK outsourcing implosion in just over a year….what gives?
Read more...Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices
A high-level discussion of some of the operational issues posed by a Green New Deal.
Read more...Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT
Funny how considering MMT brings out the worst in some people….
Read more...Links 3/15/19
Brexit: The Kindness of Strangers
The Thursday Brexit votes put the UK officially at the mercy of the EU.
Read more...Prominent CalPERS Beneficiaries Send Forceful, Savvy Objections to the Proposed Private Equity Scheme; Contrast With Canned Letters CalPERS Pressed Allies to Submit
As important stakeholders sound alarms, more evidence that CalPERS can’t make an honest case for its “new” private equity scheme and is calling in chips in a big way to cover for that.
Read more...A Way-Too-Early Handicapping of the 2020 Presidential Race
2020 is already in the news. so you might as well start working on your scoresheet!
Read more...Mars or Mercury Redux: How Geopolitics Influence Bilateral Trade Agreements
Quelle surprise! US trade agreements depend more on the US being a reliable military ally than many like to think.
Read more...Links 3/14/19
Brexit: Send in the Clowns
May takes yet more body blows….while the no deal threat is not yet disarmed.
Read more...MMT Responds to Brad DeLong’s Challenge
Randy Wray wades in yet again to contend with disinformation about MMT.
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