Author Archives: Yves Smith
SEC Official Defends Weak, Selective Enforcement When Agency Records Show Private Equity Firms Thumb Nose at Agency
Yesterday, we looked at a section of a Stanford Law School conference at the end of March. The panel on pre-IPO funding included the SEC/s head of enforcement, Andrew Ceresney. In the question and answer section, Ceresney and a member of the audience, Marc Fagel, the former regional director of the SEC’s San Francisco office, […]
Read more...Neoliberalism’s Press Gangs: How Markets Raise Costs
Neliberalim’s press gangs – forcing citizens to participate in capitalism when even it produces worse outcomes than public ownership would.
Read more...The 7 Biggest Myths and Lies About Social Security
An antidote to Peterson Foundation anti-Social Security Kool Aid.
Read more...SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm
No matter how bad you think things are at the SEC, you routinely find out that they are worse, as a recent conference revealed.
Read more...Inflation Targeting and Neoliberalism, Part 3
Yves here. In a bit of synchronicity, this post continues the theme of Dipherio’s podcast over the weekend on NAIRU, describing how other central banks around the world look at the issue of what inflation rate to try to achieve and why. I’m a little surprised that Epstein did not mention how the Fed kept […]
Read more...Links 5/22/16
How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems
A multi-level, biological perspective on business shows how simple-minded ideas like “maximize shareholder value” and tolerating predators aredestructive.
Read more...Economics for the Rest of Us Explains NAIRU, Including Its Political Implications
An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...Links 5/21/16
Why US Cities Are Segregated by Race: New Evidence on the Role of ‘White Flight’
Segregation started earlier in the US than most studies assume.
Read more...How the Democratic Party Became Undemocratic: The History of the Superdelagates
The origin of how the Democratic party made sure its elites remained firmly in charge.
Read more...Bogus Defenses of Tax-Dodging Corporate Inversions
How corporate executives mislead the public about the economic effects of inversions and other tax strategies that book profits overseas.
Read more...Links 5/20/16
The New Abnormal: “Disequilibrium Flirting with Deflationary Depression”
The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.
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