The Sveriges Riksbank Counterfeit Nobel Award Goes to Bernanke et al. for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
Read more...Category Archives: Regulations and regulators
Is the UK About to Hit the Wall?
The UK is in sorry shape…..and is looking like the canary in the economic coal mine.
Read more...BMI: The Mismeasure of Weight and the Mistreatment of Obesity
Rigid definitions of obesity can both restrict care for some and produce unwarranted alarms for others.
Read more...Bank of England Bought Only Small Amounts of Bonds Even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support
The Bank of England has been doing less than believed to rescue the gilts market. But stil not a good look.
Read more...600 Million Metric Tons of Plastic May Fill Oceans by 2036 If We Don’t Act Now
Plastic damage to oceans is getting worse. But do we have adequate remedies, even if we had the will to implement them?
Read more...EU Imposes Secondary Sanctions on Russian Steel in Eighth Sanctions Package. Is Türkiye the Target?
the EU using an obscure steel secondary sanction to whack Türkiye?
Read more...The U.S. Is Preparing Its Response to the “Short-Sighted” Strategy of OPEC+
The US is having a hissy over the OPEC+ production cut. Not a good look.
Read more...Is the Energy Transition Taking Off—or Hitting a Wall?
Why, as they say in Maine, you can’t get get there from here as far as our green energy plans are concerned.
Read more...Supreme Court Grapples with Animal Welfare in a Challenge to a California Law Requiring Pork to Be Humanely Raised
By David Favre, Professor of Law at Michigan State University College of Law and Co-Founder of the Animal Legal Defense Fund. Republished from The Conversation. Should Californians be able to require higher welfare standards for farm animals that are raised in other states if products from those animals are to be sold in California? The […]
Read more...How Cloud Services Allow Tech Titans to Act as Knowledge and Information Gatekeepers
Regulators largely ignore the cloud services industry, despite high concentration, lack of transparency, and potential for predation.
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Pharma-Funded FDA Gets Drugs Out Faster, But Some Work Only ‘Marginally’ and Most Are Pricey
The pharma-funded system at the FDA is becoming more prevalent and, because of the funding structure now in place, will not be easy to unpick. With such a large proportion of the drug regulation budget deriving directly from drug makers, and more input from drug makers at every stage in the process, the divide between the FDA and drug makers is rapidly shrinking.
Read more...Australian State Government Bails Out Owners of Taxi Licenses After Uber Destroys Their Value
The NSW government allowed Uber’s illegal market entry and now makes consumers pay to bail out taxi license owners. Having paid to bail out taxi owners, the NSW taxi industry will nonetheless be completely deregulated.
Read more...Private Equity Sees the Billions in Eye Care as Firms Target High-Profit Procedures
Private equity continued to buy up and crapify more medical specialist practices. The latest target is eye care, particularly surgeries.
Read more...New USPS Delivery Network: Radically Cutting Rural Service, Headcount; Likely to Further Slow Delivery
The gutting of USPS is accelerating. A step backwards for what passes as American civilization.
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