Author Archives: Yves Smith

FAA Hoist on Its Own Boeing 737 Max Petard: Multiagency Panel to Issue Report Criticizing Agency Approval Process, Call for Certification Changes

Another FAA self-inflicted wound.

Brexit: A Repeat of the Turmoil of 1914-1922?

What do critical chapters of British-Irish history augur for Brexit?

Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore

How the shale boom made the US less vulnerable to oil supply shocks.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong

Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.

Keynes Was Really a Conservative

“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”

Links 9/14/19

Majority in US Back Free College Tuition and Student Debt Cancellation, New Poll Finds

Sanders’ and Warren’s supposedly wild eyed ideas of cancelling student debt and making college tuition free get a thumbs up in a new poll.

48 States to Investigate Google: Anti-Trust or Politicking?

The messy politics of the 48 state Google anti-trust investigation.

Links 9/13/19

The US Massively Underestimates the Trade War Blowback

US trade and economic sanctions not only have not delivered on their stated aims, but they’ve also had unwelcome side effects.

Modi’s Kashmir Power Grab Was Decades in the Making

Repeated constitutional attacks paved the way for the government to finally strip Kashmir of its rights.

Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy

Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.

Michael Hudson: Why We Need to Abolish the Democratic National Committee, Even if That Means Breaking Up the Democratic Party

Reflections on the charade of the Democratic Party debate.