Author Archives: Yves Smith

Quelle Surprise! Financial Firm Fines Are Way Down Under Trump

The latest sighting on how financial firms are getting off easy, yet have the bad taste to complain about their paltry punishments.

Democrats Pushing the “Compete” Word to Justify Doubling Down on Failed, Middle-Class Destroying Neoliberal Policies

Democrats are now telling voters they only need to compete better…and offer policies that have repeatedly failed to “help”.

Links 8/5/17

Bribery, Cooperation, and the Evolution of Prosocial Institutions

A look at ways to reduce bribery and other forms of corruption.

Yes Men Target “Better Deal” #DNCTakeBack Scam

The DNC’s Better Deal scam is barely out of the box and the Yes Men are already making fun of it.

Let’s Face It: Monetary Policy Is Failing

Why one of the core precepts of monetary economics is all wet, yet central bankers rely on it even when it keeps failing in practice.

Links 8/4/17

Austerity in One Country: The Case of Britain

A devastating review of the recent history of austerity in the UK.

Bannon and Blackwater Want to Outsource Afghanistan War

Details on how the US is doubling down on its failed war in Afghanistan.

Wolf Richter: How Banks Hurt the Real Economy – FDIC’s Hoenig to Senate

The FDIC’s Tom Hoenig takes up the thankless task of shellacking the latest self-serving whinge from Jamie Dimon.

Fake Unicorns: Study Finds Average 49% Valuation Overstatement; Over Half Lose “Unicorn” Status When Corrected

Investors beware! A large scale study found that every unicorn it looked at was overvalued, on average to a significant degree.

Why Tax Cuts for the Rich Solve Nothing

An update on Republican tax cut plans, and why they are economic chicanery.