Author Archives: Yves Smith
How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...Charlottesville: “I Think a Lot More People Are Going to Die Before We Are Done”
A hard look at the neo-Nazis who came to Charlottesville.
Read more...Are Investors Bailing On U.S. Shale?
The odds of oil prices remaining below $55 for the foreseeable future has put a big dent in enthusiasm for shale gas plays.
Read more...After Neoliberalism, What Next?
The neoliberal order has failed and is creating more and more political and social upheaval. Some elements of a new system may be in sight.
Read more...I Am Disabling Comments
The caliber of discourse has degenerated utterly at NC in the wake of Charlotteville. I am disabling comments on all live posts. I am sick, now up until 9 AM ruining my health. I do not need this bullshit. It is not worth the effort to clean up the disinformation and the upset and dishonest […]
Read more...Links 8/17/17
Uber PR Story on Supposed Financing Falling Apart as Warring Board Members Trade Barbs
Things are so bad at Uber that planted stories are falling apart within days.
Read more...School Funding Fight in Illinois: Billionaire Ex-Private Equity Governor Rauner v. 2 Million Students
Yves here. Notice how all the hysteria over evil Rooskies, North Korea, and neo-Nazis on the march has diverted media attention away from fights over economic issues? In Illinois, Governor Rauner is pushing through a scheme to curb funding to schools that is designed to hit lower property tax districts and Chicago particularly hard. Some […]
Read more...Brexit: A View from the Other End of the Telescope
Brexit is the incomprehension of a former imperial power, wistfully hoping to recreate a long-gone global sphere of influence.
Read more...Why Is The Fed Raising Interest Rates As Fast As It Is?
Musing on why the Fed is so eager to raise interest rates.
Read more...Why Public Company Ownership Is Irrelevant to Monopolies
Why the argument that public company ownership contributes to monopoly power is wrong-headed.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Lee Camp: I Witnessed the Charlottesville Terror Attack, Here’s the Video
Lee Camp gives a first person account of the violence at Charlottesville.
Read more...Neoliberalism Booster New York Times Egregiously Misrepresents French Labor Laws
The New York Times’ latest dubious achievement: how many lies it managed to tell in a single story about French labor laws.
Read more...