Author Archives: Yves Smith

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.

“There Is No Alternative” to Managing the Economy and the Climate

Why the US needs to embrace an industiral policy to combat climate change.

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.

Links 5/15/19

How Deep Is Boeing’s Hole?

A favorite saying of famed short seller David Einhorn is, “No matter how bad it looks, it’s worse.”. This appears particularly true of Boeing these days.

China-US Trade War Heats Up: 3 Reasons It Won’t Cool Down Anytime Soon

Why the US and China are gridlocked on trade.

Working on Cloudflare’s Captcha Hell

Cloudflare doesn’t seem terribly interested in addressing a “captcha hell” that almost certainly originates with them, so please be patient while we work on seeing if we can change settings to make things more tolerable.

“It’s Not Just Barclays – Tackling Climate Change Means Building a New Bank System”

A discussion of using bank lending as a way to tackle climate change.

ZEN and the Art of Modern Money, Part 3 (MMT)

More MMT for people in a hurry.

Why Everyone in the U.S. Who Counts Wants Julian Assange Dead

Keep your eye on what Assange’s real offenses are in the minds of the officialdom.

ZEN and the Art of Modern Money, Part 2 (MMT)

MMT for people in a hurry.

The Roots of Health Inequality and the Value of Intra-Family Expertise

Having doctors in the family is good for your healh. Who’d have thunk it?

CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years

Why CalPERS’ private equity “new business model” dithering is looking an awful lot like Brexit.