Author Archives: Yves Smith
Keynesianism and the Great Recession
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
Read more...Gaius Publius: Massive Permafrost Thaw Documented in Canada, Huge Carbon Release May Be Coming
Permafrost melt is yet another worrisome climate sign….
Read more...Links 3/3/17
Michael Hudson on Trump’s Tax Sleight of Hand
A skeptical look at some of Trump’s tax proposals.
Read more...Dismantling Public Education: Turning Ideology into Gold
Following the money behind the campaign against public education.
Read more...Understanding the Long-Run Effects of Africa’s Slave Trades
Looking at some of the lasting damage done by the slave trade, such as higher incidence of HIV.
Read more...Do Democratic Operatives Dream of Big Data Death Stars? The Case Against Cambridge Analytica As a Propaganda Tool
Why Big Data isn’t the propaganda threat you’ve been told it is.
Read more...Bank of International Settlements Paper Confirms That High Levels of Household Debt Hurt Growth
We’ve written from time to time that not all debt is created equal. Prudent business borrowing enables companies to make investments and expand operations. And even though governments like the US that issue their own currency may nevertheless sell bonds, operationally they can simply create more dough to fund spending. The constraint on spending is […]
Read more...New York Times Gets Budget Story About Looming Trump-Ryan Clash Almost Completely Wrong
Not only does the Grey Lady misrepresent Trump’s and Ryan’s motivations, but they muff budget basics too.
Read more...Free Trade vs Protectionism: Weapon of Mass Distraction
A historical take on the push and pull over “free trade”.
Read more...Links 2/28/17
Gaius Pubilus: Obama and the Perez Election — Are the Democrats Trying to Fail?
After presiding over huge losses at all levels of government by the Democrats, Obama is determined to keep his dead hand on the party.
Read more...Col. Wilkerson: Trump’s Proposed $54 Billion Increase in the Military Budget Not for National Security
Colin Powell’s former chief of staff Lawrence Wilkerson is Not Happy about Trump’s planned $54 billion gift to the military.
Read more...Bill Black: The 2016 Nobel Prizes in Economics Go to Defenders of Criminogenic Policies
Yet another dubious Swedish central bank fake Nobel Prize award…
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