Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Recent Items
Monday, January 12, 2026
The Moral Hazard of Limited Liability
Topics: Banking industry, Corporate governance, Doomsday scenarios, Free markets and their discontents, Guest Post, Legal, Market inefficiencies, Moral hazard, Politics, Regulations and regulators
Posted by Yves Smith at 4:30 am | 21 Comments »
Is the Soil an “Ecosystem Service” That Can Be Priced?
The entire ecosystem services project is flawed, because only the use values of services so small as to be toys can be priced.
Topics: Guest Post
Posted by Lambert Strether at 5:25 pm | 53 Comments »
Links 8/1/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 259 Comments »
Pfizer Court Fight Could Legalize Medicare Copays and Unleash ‘Gold Rush’ in Sales
Pfizer wants to legalize kickbacks.
Topics: Banana republic, Health care, Ridiculously obvious scams
Posted by Lambert Strether at 6:50 am | 15 Comments »
Links 7/31/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 295 Comments »
Confessions of a New York Times Washington Correspondent – Bob Smith Pt 2/2
Bob Smith got the Watergate break-in leak before the Washington Post. But the New York Times, then as now, avoids tough political stories.
Topics: Banana republic, Guest Post, Media watch, Politics, Ridiculously obvious scams
Posted by Yves Smith at 5:33 am | 9 Comments »
Congress Moves to Reclaim Its War Powers
Congress has roused itself from its stupor over our undeclared, or more accurately, unapproved wars. But will much change?
Topics: Guest Post, Politics, Ridiculously obvious scams
Posted by Yves Smith at 5:21 am | 10 Comments »
2:00PM Water Cooler 7/30/2021
~ Today’s (Friday’s) Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 156 Comments »
Is the UK Back in Lockdown?
Another theory about the apparent decline in UK Covid cases right after Freedom Day.
Topics: Doomsday scenarios, Dubious statistics, Guest Post, Health care, Pandemic, Politics, UK
Posted by Yves Smith at 9:55 am | 38 Comments »
Links 7/30/2021
Topics: Links
Posted by Lambert Strether at 6:55 am | 157 Comments »
Hoisted from Comments: What Climate Change Reformers Get Wrong
Climate change activists too often wind up bypassing core issues. Here are a couple of them.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Global warming, Permaculture, Politics, Social policy, Species loss
Posted by Yves Smith at 4:04 am | 252 Comments »
Industrial Policy Coming Into Vogue After China Cleans US Clock by Using It
Industrial policy is an idea whose time has arrived in DC. Too bad the thinking seems stuck in the fad-chashing phase.
Topics: Banana republic, China, Economic fundamentals, Free markets and their discontents, Globalization, Politics, Social policy, Technology and innovation
Posted by Yves Smith at 3:23 am | 57 Comments »
Fed Up With Democrats, Thousands March to Demand Medicare for All
More voters recognize that the Democrats will do squat about expanded health coverage like Medicare for All unless they feel some heat
Topics: Banana republic, Guest Post, Health care, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 12:56 am | 56 Comments »
2:00PM Water Cooler 7/29/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 94 Comments »
A 20-Foot Sea Wall Won’t Save Miami – But Living Structures Can
How to rescue Miami…and other coastal cities that will otherwise be largely under water.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Infrastructure, Permaculture, Species loss
Posted by Yves Smith at 9:55 am | 37 Comments »



