Author Archives: Yves Smith

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

Outsourcing Giant Interserve with 65,000 Employees Collapses

Another UK outsourcing implosion in just over a year….what gives?

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.

Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT

Funny how considering MMT brings out the worst in some people….

Links 3/15/19

Brexit: The Kindness of Strangers

The Thursday Brexit votes put the UK officially at the mercy of the EU.

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.

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.

Links 3/14/19