Author Archives: Yves Smith

Reclaiming the Tax: Foregrounding the Public Covenant

Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.

Links 1/10/18

ECB Spawned Financial Dependency That’s Now Very Hard to Undo

The ECB is very eager to withdraw extraordinary support. But among others, a lot of weak banks are hooked on it.

International Trade and Globalization: Are Benefits Truly Mutual?

Questioning economic orthodoxies on trade.

Link 1/9/18

CalPERS Launches Illegal, Corrupt, Unjustified and Beneficiary-Damaging Private Equity “Strategic Partner” Search Obviously Designed to Favor BlackRock

CalPERS looks to be handing the private equity keys to BlackRock in a breathtakingly crooked process.

Gaius Publius: The Story of 2017 (Part 2)

Why the ordinary-ness of 2017 is in some ways as important as its unusual moments.

China Fails to Woo U.S. With Financial Sector Opening

Why is the US cool about concessions from China that the US has long sought?

Meltdown and Spectre: Intel’s Seismic IT Disaster and A Look at Some Implication for Banks

A first look at the epic IT disaster of the Meltdown and Spectre “flaws”.

Trump’s Offshore Oil Drilling Plans Ignore the Lessons of BP Deepwater Horizon Spill

Offshore drilling is dangerous to workers, wildlife, and the public. The Trump Administration is happy to keep it that way to boost profits.

Poop in the Loop and Other Big Cities

Big cities make dog owners responsible for cleaning up after them, so why is no one making police take care of their horse poop?

Don’t Miss Our “Come in From the Cold” NYC Meetup This Friday!

A reminder: hope you can attend our NYC meetup this Friday!

Links 1/6/18