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...Author Archives: Yves Smith
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…
Read more...Understanding the Global Role of the US Economy
Investigating the spillover channels linking the US and the global economy.
Read more...EU Dings Yet Another Brexit Fantasy: “Equivalence” Deal for the City
Yet another scheme, equivalence, by which the City hope to have its Brexit cake and eat it too, looks to be a non-starter.
Read more...Links 2/26/17
Wolf Richter: How Much Money Laundering is Going On in the Housing Market? A Lot
Treasury is starting to get serious about money laundering in high end residential real estate.
Read more...Democratic Party Orthodoxy in Action: “Hit With Some Serious Clinton Blame Cannons”
An example of Democratic Party pathology.
Read more...Tom Perez Elected Head of DNC
The Democrats double down on failure.
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