Author Archives: Yves Smith
Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers
As the banking crisis in Europe intensifies, TARP-like ideas are on the table. How realistic are they?
Read more...The Role of Experts in Public Debate
How experts, as in economists, wrap themselves in a mantle of jargon and supposed superior insight to promote policies that screw workers.
Read more...Diversity and Public Goods: The More We Mix, the Better
Making diversity work is a challenge, but it can be done.
Read more...Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...The Canadian Establishment and Prime Minister Trudeau Aim at Ousting Foreign Minister Chrystia Freeland
Is Canada’s Foreign Minister Freeland, in a scandal over lying about her Nazi propagandist grandfather, being hung out to dry by the PM?
Read more...4 Charts on Wall Street’s Outsized Pay
Wall Street denizens whinge about embarrassingly rich pay packages.
Read more...Confirming Our Chicago Meetup Next Friday, March 24
I hope to see Chicago area readers next week at our meetup! Details here.
Read more...How Common Ownership is One Route to Social Transformation
Can changes in ownership rules tame the bad features of capitalism?
Read more...Links 3/16/17
Here Come the Robots: Your Job Is at Risk
How robots threaten jobs in emerging economies.
Read more...February Jobs Report: Hitting on All Cylinders but Wages
Economists and the Fed are declaring victory on jobs while merely delivering yet more stagnant real wages. Nicely played!
Read more...Mainstream, Pro-EU Rutte’s VVD Beats Populist, Anti-Immigration Wilders in Dutch Election
Far right winger Geert Wilders fails to cinch a win for his party in the Dutch election, contrary to polling in recent months.
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
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