Paul Krugman Crosses the Line
Krugman is increasingly discrediting himself as a commentator on economics.
Read more...Author Archives: Yves Smith
Ireland: a Recovery Built on Sand
How official statistics exaggerate Ireland’s performance, largely due to its status as a tax haven/offshore financial center.
Read more...Gillian Tett Shows She Does Not Understand Offshore “Profits,” Parrots Corporate Propaganda Instead
Repeat after me: Apple and Big Pharma companies are not keeping cash offshore as a result of tax rules, but they are successfully misleading the press and politicians.
Read more...Links 4/8/16
Don Quijones: Colombia Pays the Steep Cost of So-Called “Free” Trade
Colombia demonstrates the cost of being subject to investors lawsuits under “trade” deals.
Read more...Bill Black: The Myth that Obama’s Taking Huge Contributions from Wall Street Was Fine
The notion that Obama and Clinton weren’t influenced by large Wall Street donations is laughable.
Read more...North Carolina Knowingly Allows Fox to Run State Pension Henhouse
North Carolina takes a big step backwards by allowing its sole state pension trustee take jobs that create glaring conflicts of interest.
Read more...Bill Black: AEI Pushes Government Propaganda Telling Women to Marry Schlubs
Why exhorting poor people to marry more often is right wing propaganda in lieu of real policies to address poverty.
Read more...Links 4/7/16
Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone
Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.
Read more...What Happens When America’s Kids Confront Extreme Inequality?
A hopeful account and some lessons about inequality from Chelsea. But can we really generalize from this case?
Read more...How the United States Became a Prisoner of War and Congress Went MIA
How Congress gave the President a blank check for never-ending war.
Read more...A New Stability and Growth Pact? Let’s Drop the Technocratic Veil!
On how economic growth models constrain policy debates and choices among Eurocrats, and why that is no accident.
Read more...Links 4/6/16
Treasury Implements New Rules Aimed at Inversions, Other Tax Strategies, Scuttling Pfizer-Allergan Deal and Evoking Howls from Pharma
Mirabile dictu! Treasury took surprisingly bold action to stymie corporate inversions and some other types of multi-national tax gaming. What gives?
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