Author Archives: Yves Smith

Gaius Publius: SF Chronicle OpEd – The Next U.S. Constitution Is Forming now

More on our slow-motion Constitutional crisis.

Meetup Reminders! Chicago Meetup Friday July 6; Sunday July 8 Meetup in Green Bay

If you live near Chicago or Green Bay, be sure to stop by our meetup!

Links 7/5/18

Iran Threatens To Close the Strait of Hormuz

Yves here. A map of the Strait of Hormuz and environs seemed a useful addition. The danger, as the article insinuates, is that if things got that far, a conflict over the Strait of Hormuz would escalate into a full-scale conflagration. By Dr. Cyril Widdershoven, a long-time observer of the global energy market. Presently, he […]

Richard Murphy: Ignore the Gini Coefficient – Real Inequality Is Growing and People Are Suffering as a Result

More lying with statistics on the inequality front.

Links 7/4/18

Interview: Teaching Graham Elwood Modern Money, and How the Progressive Media Gets It Wrong

A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.

Why Don’t Americans Take More Vacations? Blame It on Independence Day

How businesses created Americanization Day, later Independence Day, to counter the rising labor movement.

Meetups Coming Soon! Friday July 6 in Chicago, Sunday July 8 in Green Bay

Reminders and details for coming meetups. See you soon!

Links 7/3/18

Anthony Kennedy and Our Delayed Constitutional Crisis

The role Justice Anthony Kennedy played in the deteriorating legitimacy of the Supreme Court.

Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes

Why is it entirely sensible to regard stock markets as Ponzi schemes.

Holiday Schedule

We are taking a sort of holiday, um, staycation, um breather. Hope you get to take a break too!

EU Calls Trump’s Bluff on Auto Tariffs as Trump Tries Dead on Arrival WTO Exit Plan

The EU is neither happy with nor cowed by Trump’s latest trade threat.