Author Archives: Yves Smith
Double Whammy: Implicit Subsidies and the Great Financial Crisis
Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.
Read more...Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940
An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.
Read more...Victorian Central Banks and the Myth of Independence
Central banks have not always been independent, inflation targeting bodies, and to treat them as such is to obscure their complex histories and alternative institutional constellations.
Read more...Brexit: Circling the Drain?
Has anything changed on the Brexit front?
Read more...Census Bureau Reveals Grim Facts about Real Earnings of Men
A look at real earnings data belies happy talk about wage gains.
Read more...Gaius Publius: Democrats Should Release All “Committee Confidential” Kavanaugh Documents Now
Urging the Democrats to act out of character and do the right thing on the Kavanaugh nomination.
Read more...Former CalPERS Board Designee Calls for Board to Terminate CEO Marcie Frost for Resume Fabrications and Ongoing Lies
A prominent former CalPERS insider demands that the Board fire CEO Marcie Frost over her lies about her education.
Read more...Revolving Doors and Regulatory Capture
Looking at the costs of and some possible responses to regulatory capture.
Read more...Marcie Frost’s Poor Job as CalPERS CEO – Gutting the Audit Function
CalPERS is undermining the performance of its audit unit, a critical control function. The fact that CEO Marcie Frost either doesn’t care, or is not even on top of things enough to know, is yet another sign of her incompetence.
Read more...Marcie Frost‘s Poor Job as CalPERS CEO – Incompetence in Human Resources, One of Her Supposed Areas of Expertise
Marcie Frost’s track record as CEO of CalPeRS is not a pretty one.
Read more...The Economy Under Trump: Business Optimism Combined with Inequality
Gerald Epstein dissects the Trump Administration happy talk about the state of the economy.
Read more...Michael Olenick: Debunking Yet Another Misleading Gun Study
A gun “study” falls apart when given a cursory examination.
Read more...Why Positive Thinking Won’t Get You Out of Poverty
The New York Times condescends to people in poverty.
Read more...Shall We Kill the Hay Exports or the Cows?
Hay has become a scarce resource in Australia, and not for the best reasons.
Read more...