Author Archives: Yves Smith
Wolf Richter: Google Sarcasm, or How I (and the Entire Industry) Make a Living
Richter describes what it’s like as a publisher to be subject to the vagaries of Google Adsense.
Read more...5 of the Worst Examples of Biased and Distorted Media Coverage of Education in 2015
It’s not hard to see that the effort to loot, um, privatize education has an attack on teachers as a big part of its strategy…which undermines support for education.
Read more...Links 12/30/15
Economics Joke Time
An economics joke open thread. Of course, economists might have the presence of mind to retort that economics is too important to be taken seriously.
Read more...Matthew Cunningham-Cook: Five Reasons Tariffs Are Great
Saying tariffs could be a good thing is close to a taboo in economics. Is that distaste justified?
Read more...Links 12/29/15
Ilargi: 2016 Is An Easy Year To Predict
Deflation will become an even more powerful and destructive force in 2016.
Read more...Gaius Publius: It Wasn’t Just Exxon — They All Knew
Exxon was not the only oil major that knew decades ago about global warming and chose to launch an agnotology campaign.
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
Read more...10 Foods That May Disappear Thanks to Climate Change
If you think climate change will help food production, think again. Many of the foods under threat are dietary staples.
Read more...Debunking the Magnitude of Markets: A Holiday Story
Why markets, the god of neoliberalism, are not what they are cracked up to be.
Read more...The Sneaky Way Austerity Got Sold to the Public Like Snake Oil
How a budget approach cloaked in the aura of science and technical jargon became a tool for promoting austerity.
Read more...Randy Wray: Debt-Free Money and Banana Republics, Part II
More discussion of the problems with the “debt-free money” construct, to the extent that it can even be called a construct.
Read more...The Twelve Days of CalPERS
Will “The Twelve Days of CalPERS ” become a new holiday classic?
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