The Bad News About Nudges: They Might Be Backfiring
Public policy nudges devised by fans of behavioral scientst Richard Thaler might not be all that they are cracked up to be.
Read more...Author Archives: Yves Smith
Technology, Convenience…..and Death
Reader Petter S sent along a recent article The Myth of Convenience, by L.M. Sacasas, Director of the Center for the Study of Ethics and Technology. The piece covers a lot of ground in a relatively short space, so I encourage you to read it in full, along with his earlier post, Privacy Is Not […]
Read more...On The Cusp Of War: Why Iran Won’t Fold
Is Iran in the midst of a “strategic surge”?
Read more...Wednesday June 12 Meetup in Cleveland and Thursday June 13 in Chicago?
Seeking reader input and assistance for meetup options for June.
Read more...The Federal Government Has Poured Millions into Failing Charter Schools in Louisiana
Another fiasco: charter schools in Louisiana.
Read more...How to Pay for the War
Updating a classic Keynes discussion of war financing for MMT and the Green New Deal.
Read more...Gregory Travis and Marshall Auerback: Anatomy of a Disaster – Why Boeing Should Never Make Another Airplane, Again
Is Boeing itself on a crash course?
Read more...Peak Gasoline Vehicles Is Already Here
Some rare good news on the climate change front: a demand peak for gas guzzlers.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...Announcing Birmingham Meetup Thursday May 30
Hope you can make this month’s Birmingham meetup!
Read more...Links 5/16/19
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.
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