Author Archives: Yves Smith

Oil Industry Worries About Peak Oil, as in Peak Demand

Some forward-thinking oil producers are worried about peak demand. Are their concerns warranted?

Links 11/26/16

Trumpism Has Dealt a Mortal Blow to Orthodox Economics and ‘Social Science’

Why Trumpism caused mainstream ‘social science’ to fall like a house of cards.

Washington Post Promotes Shadowy Website That Accuses 200 Publications of Being Russian Propaganda Plants

McCarthyism lives! A site with no credentials and no evidence has smeared over 200 sites, including ours, as Russian stooges.

Links Thanksgiving Day 11/24/16

Can Trump Really Make U.S. Coal Great Again?

What are the prospects for the restoration of King Coal under Trump?

Cutting Company Taxes is a Race to the Bottom

Corporations are winning an ideological battle, securing lower income taxes around the world. But how far can this trend go?

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.