Author Archives: Yves Smith

Links 11/23/16

Bill Black: Krugman’s Failure to Speak Truth to Power About Austerity

Krugman’s fiscal orthodoxy led him to enable Hillary’s disastrous embrace of austerity rather than call her out for it.

John Helmer: Cyprus Wins Victory for Sovereignity, Backed by Greek Principle and Russian Arms

Talks between Greek and Turkish camps in Cyprus have collapsed: “Greece first, then Russia have cut the legs off the negotiating table.”

100% Renewable Powered Town Is The Best Place To Survive A Zombie Apocalypse

One town demonstrates that it’s possible to rely only on renewable power….so why haven’t others taken the plunge?

Bill Black: Hillary’s Threat to Wage Continuous War on the Working Class via Austerity Proved Fatal

Black recounts how fundamental austerity-driven economic policies had become to the Democrats and how Hillary embraced them wholeheartedly.

Links 11/22/16

Banks Whinge About Tougher EU Regulations to Reduce Too Big to Fail Risk

The Financial Times is a bit too sympathetic to poor oppressed banks facing tougher EU safety rules.

Michael Hudson: How Debt-Driven Home Price Increases Shafted Homeowners

Michael Hudson debunks the myth that rising home prices are always a boon to homeowners.

Donald Trump: “My 100-Day Action Plan”

A look at Trump’s major proposals.

Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics

World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.

Links 11/21/16

Economists and Trump: Straight Talk on Trade

Economists maintained a party line of never letting a bad word be said about more open trade even though they knew it would produce losers.

Italy’s Bank Rescues Founder, With Small Savers and Prime Minister Renzi as Casualties

Italian banks may start bail-ins at the worst possible time for Matteo Renzi and his constitutional reforms.

In Upset, François Fillon Beats Sarkozy, Leads Conservative Party Runoff Vote for French President

Fillion’s surprise win shows again how pundits and pollsters failed to read the mood of voters.

Links 11/20/16