2015: A Failing Fiscal Policy
Although the case study is the UK, this post is yet another example of how counterproductive austerity is, from both an economic and a social perspective.
Read more...Author Archives: Yves Smith
Links 1/12/16
Koch Brothers’ Culture Grab: Latest Donation, to Western Carolina University, for “Center of Study of Free Enterprise” Despite Faculty Vote “No”
How the Koch Brothers are using educational purchases, um, donations, to make cultural norms even more business-friendly.
Read more...Mathew D. Rose: Now It Is Poland’s Turn
Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...Marshall Auerback: What US Treasury Yields Might Be Signalling
Bond yields warn of deflation. How real is this worry?
Read more...Memo to the Private Equity Growth Capital Council: No One Outside Your Echo Chamber Believes Your Big Lies Any More
A case study of a a propagandist, the Private Equity Growth Capital Council, failing at its own tradecraft.
Read more...The Death of the Professional: Are Doctors, Lawyers and Accountants Becoming Obsolete?
Is the professional about to go the way of the dodo bird?
Read more...Links 1/9/16
Controversial DNC Chair Debbie Wasserman Schultz To Face Progressive Tim Canova In An August Primary
Oh frabjous day! Tim Canova, who is challenging the rancid Debbie Wasserman Schultz, is a really good guy.
Read more...2016: Oil Limits and the End of the Debt Supercycle
How tight linkages among phenomena, such as oil and commodity prices, and flagging non-elite wages, are about to cause substantial economic disruption.
Read more...Links 1/8/16
China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point
China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...The Anglo-Saxon Hide, Adam Smith, Karl Marx and the 35 Hour Work Week
How the Doomsday book,and the unit of assessment called the “hide,” suggest that medieval laborers had very civilized work weeks.
Read more...UK Labor Party Departing from Austerity to Strengthen Economy
Why Corbyn’s proposals would represent an improvement over the UK’s current policies.
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