Author Archives: Yves Smith

Remote-Controlled Self-Driving Cars: Unworkable Technology for Unproven Technology

Debunking a scheme to reduce the risk of self-driving cars: remote control operators.

Reminder: Tuscon Meetup This Friday, April 6

If you are in the Tuscon environs, be sure to swing by the meetup this Friday!

Milton Friedman’s ” The Role of Monetary Policy” – 50 Years Later

Like it or not, Milton Friedman is still very much with us.

Links 4/4/18

Bay Hills Sues Kentucky Retirement Systems for Invoking Its Contractual Right to Dissolve Fund

Kentucky Retirement Systems is in the midst of another important alternative investments legal contest.

Conclusive Evidence of the Russian State’s Guilt in the Skripal Case Is Lacking — and That’s Important

A big crack opens up in the official story about the Skripal poisoning.

The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation

Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.

Links 4/3/18

Hubert Horan: Can Uber Ever Deliver? Part Fourteen: The New Yorker Lays Out the Template for Pro-Uber Propaganda

Dissecting the New Yorker’s fawning profile of new Uber CEO Dara Khosrowshahi.

Gaius Publius: Stephen Hawking on What Killed the World of the Jetsons. Prelude to Thoughts on a Guaranteed Jobs Program

Hawking showed a not-surprisingly acute grasp on the implications of technological unemployment.

Wolf Richter: Collapse of Cryptocurrencies in Q1 – Even the Biggest Crashed 67% to 88%

Cyrptocurrencies’ wild ride is looking more and more like a skydive with no parachute.

Leaky Fed: New Study Uses Taxi Ride Data to Show Increase in Visits When Blackout Lifted and Around FOMC Meetings

Taxi ride data suggests that the Fed is throwing some juicy informational bones to big banks, whether by accident or design.

Links 3/31/18