On Modern Monetary Theory (#MMT)
Mainstream economists are finally deigning to notice MMT.
Read more...Author Archives: Yves Smith
How Neoliberalism Is Normalising Hostility
Tracing how neoliberalism has corroded social values.
Read more...Links 2/12/19
“Reverse Location Search Warrant”: A New Personal Data Hoovering Exercise Brought to You by Google
Welcome to reverse location search warrants, yet another technology-enabled violation of your Constitutional rights.
Read more...On the Built-In Instability of Cryptocurrencies
Why volatility of cryptocurrencies is a feature, not a bug.
Read more...Pelosi Advisor Proposes Non-Binding Arbitration as Road to Lowering Drug Prices
Team Dem contemplates non-binding arbitration as a fix for high drug prices. Help me.
Read more...Believing Six Impossible Things Before Brexit
Everyone around her is so weak that May still is very much in charge of Brexti, and that’t not a good outcome.
Read more...Climate Policy: On Buying Insurance, and Ignoring Cost-Benefit Analysis
Rethinking the analysis of climate change risk.
Read more...Links 2/9/19
Cryptocurrency Firms Regularly Lose Codes and Money
Cryptocurrency is more vulnerable to theft and loss than most of its fans want to believe.
Read more...Reining in Leveraged Lending
Yves here. This article pre-supposes that readers understand that most leveraged lending is taking place as a result of private equity, via two routes. First, private equity funds use a great deal of borrowed money when buying companies. One of the biggest sources is so-called leveraged loans, which are normally originally made by banks, but […]
Read more...PR Powerhouse to Democrats: Don’t Be Mean to Starbucks
The Starbucks lady doth protest too much.
Read more...More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”
More on how CalPERS will get its pockets picked in its newfangled private equity scheme.
Read more...Charter Schools Are Pushing Public Education to the Breaking Point
Not only do charter schools not improve student performance, but they are inefficient and drain resources from public schools. It should come as no surprise that resource-scarce schools who’ve also typically had their students cherry-picked have trouble.
Read more...Why Suburbs Must Be the Next Frontier for Cities Policy
The challenge of suburbs for social and environmental policy.
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