Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Author Archives: Yves Smith
Commentary on Study Finding Gun Injuries Fall 20% During NRA Conventions Curiously Omits Some Possible Explanations
Arguments have already started over the implications of a new study that finds that gun injuries fall sharply when the NRA convention is on.
Read more...Priceless Moments: How Capitalism Eats Our Time
Market economy to you: “All your time are belong to us”
Read more...Why CalPERS Private Equity Outsourcing Beauty Show Is Arbitrary and Capricious
More evidence that CalPERS is making a hugely important and costly decision in a cavalier, even reckless, manner.
Read more...Bitcoin as Prosecution Futures: Coinbase Agrees to Turn Customer Records Over to Department of Justice for Possible Tax Evasion
Even in the US, which so far has been more lenient toward cryptocurrencies than China, the noose is tightening. Top Bitcoin exchange Coinbase has decided that trying to defy the law, in terms of not complying with a IRS summons requiring it to turn over information about customers who had engaged in more than $20,000 […]
Read more...All Guns, No Butter: Military Contractors as Welfare Queens
The Trump budget is particularly shameless in providing more pork to the military despite the absence of any genuine pressing need.
Read more...Time to Stand Up for Dumb
The New York Times today gives an extremely cautious and narrow defense of traditional, now denigrated as “dumb” devices: In an Era of ‘Smart’ Things, Sometimes Dumb Stuff Is Better. It listed a grand total of five examples: A wristwatch vs. Apple Watch A car mount vs. a smart car console An alarm clock vs. […]
Read more...Corbyn’s Brexit Challenge: From the Frying Pan into the Fire?
Unfortunately, Corbyn finally stepping into the Brexit fray looks like different cherry picking and potentially even more political upheaval.
Read more...Killing a Parasite — Canceling Student Debt, Part 1
How student debt is killing its host.
Read more...Melting Ice Could Release Hazardous Waste from Abandoned Cold War Site
Melting Greenland ice will release chemical and some radioactive nasties from an old US Cold War base. Expect more of this sort of thing.
Read more...Dire Consequences of Ignoring Trade in Climate Change Targets: On Track to 3.5 C Temperature Increase by 2100
Astonishingly, climate change accords like Kyoto and Paris ignore the impact of trade. That omission means our collective goose is cooked.
Read more...It Will Take a Political Revolution to Cure the Epidemic of Depression
How cultural developments, like shallow personal connections and authoritarian workplaces, feed the rise in depression.
Read more...Links 2/24/18
Beat the Right Wing Framing: How to Make the Case for a Better, Fairer Economy
The right has been winning the PR wars on economic issues. A major UK research project has some ideas for how to turn that around.
Read more...The Dystopian Technologies Being Used to Control Workers
Big companies are surveilling workers more intensively than ever and using that to create high tech sweatshops.
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