Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...Author Archives: Yves Smith
The Climate Change Land Rush: When Will People Start Leaving Coastal Cities?
Most of the world’s biggest cities are coastal cities. What happens when people start realizing they are threatened?
Read more...Amazon’s Inhuman Customer Service Issues Death Sentence to Local Library Fundraising
Amazon is mean.
Read more...The Fed’s Unwinding
Economists debate the Fed’s plan to shrink its balance sheet.
Read more...EU Immigration – A Gateway Drug
Citizens have become far more sensitive to the perceived and real costs of immigration. Ignore those concerns and risk losing power.
Read more...Gentrification
Gentrification is less of an accident than you might have been led to believe.
Read more...CalPERS Board Candidate Margaret Brown Objects to Unconstitutional, Non-Secret, Insecure, Unauditable Election; Vendor Handling Phone and Internet Voting Criticized for Incompetence, Exaggerating Security of On-Line Voting
CalPERS’ election procedures would embarrass any self-respecting banana republic.
Read more...Ta-Nehisi Coates and the Limited Art of Interpretation
Why is the brilliant Ta-Nehisi Coates not as persuasive as you’d expect?
Read more...Insanely Concentrated Wealth Is Strangling Our Prosperity
Why tackling extreme concentration of wealth would be good for everyone….except those who would inherit from dynasties.
Read more...Brexit Denialism: The Customs/Border Problem and the Curious Case of the Pallets
A case study of how basic, critically important Brexit issues like customs are being ignored by the Government, to the peril of the public.
Read more...Out of Africa: Why the Migration Wave?
Why are so many risking their lives to flee Africa?
Read more...The Boring Story of the 2016 Election
The most accurate story of why Clinton lost in 2016 is the simplest and most obvious: many people really really didn’t like her.
Read more...Reminder: Kansas City Meetup This Friday, September 22
Looking forward to seeing Kansas City readers and perhaps some attendees from the MMT conference at our meetup this Friday!
Read more...The Sickness of American Healthcare
Some key facts that have been omitted from the debate over Obamacare and healthcare generally, apparently by design.
Read more...Google Betting Big on Being Able to Overturn EU Antitrust Decision; Effectively Thumbs Its Nose at Compliance
Google got hit with a huge EU fine and faces even bigger charges for non-compliance. So why is it playing hardball?
Read more...