Author Archives: Yves Smith

Hayek and Neoclassicals Meet Information Theory and Fail

Why the left doesn’t need to engage Hayek, Friedman, and neoclassical economics but should instead argue from information theory.

China Blinks!

China taps the brake…..

Why Did the FBI Leak the Comey Memo?

Putting the Comey leak in the context of US-Russia relations and the domestic factions that are keen to maintain hostilities.

Links 5/16/17

Trump Reiterates Support for a New Glass-Steagall Act, But It Will it Pass Congress?

This Real News Network interview discusses where Trump and his allies stand on reviving Glass-Steagall.

Mark Ames: The FBI Has No Legal Charter But Lots of Kompromat

The extra-constitutional, thuggish history of the FBI.

Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses

CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.

Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees

Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.

New Jersey’s Flooding Crisis Hits Low-Income People Hardest

New Jersey’s flooding problems as a microcosm of what is to come.

Join Us for a May 31 NYC Meetup with Lambert!

Hope you can make the upcoming NYC meetup! As a special treat, Lambert will be there, hopefully not too jet let lagged.

Links 5/13/17

The Financial Crisis That Spawned Austerity, Corporatized the Democratic Party and Gave the World Donald Trump

Why New York City’s fiscal crisis was a watershed event.

As Clinton Blames Comey & Russia, Authors of “Shattered” Expose Aimless Campaign

One of the authors of the Clinton campaign expose Shattered describes some of the ways in which the campaign undermined itself.