Author Archives: Yves Smith

Some Remarks on MMT & Marxism in Light of David Harvey’s “Marx, Capital, and the Madness of Economic Reason”

How Marxists can make use of the MMT framework rather than falling for neoliberal dogma about money and debt.

Brexit Starts to Go Pear Shaped from UK Side as Businesses Freak Out

British businessmen are starting to wake up to what Brexit really means for them, but their proposed fixes are yet more wishful thinking.

EU Takes Stand Against Crapification

The EU takes a first step towards combatting planned obsolescence and manufacturer-only repairs.

Growing, Shrinking, and Long-Run Economic Performance

Why economists’ thinking about growth may be entirely backward.

Quelle Surprise! Study Confirms that ACA Narrow Networks Exclude Top Cancer Doctors

A new study confirms NC’s longstanding observations of the dangers that narrow networks pose to participants in ACA plans.

Instead of Trying to Sabotage the Trump-Putin Meeting, Democrats Should Support Vital Proposals

The dangers of Democrats continuing to foment hostilities with Putin.

The Chinese Debt Time Bomb

The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.

Lee Camp: Have No Fear – Trump Is Lying Us Into War Just Like All The Presidents Before Him

The Donald is completely conventional in having the media assist him in fomenting war on trumped-up grounds.

Links 7/5/17

CalPERS’ CIO Plays Board Like a Fiddle, Uses Trumpian Tactics on Credulous True Believers

CIO Ted Eliopoulos digs CalPERS a bigger PR hole and CalPERS’ board is so thick that it approves.

CalPERS CIO Sings Out of Tune, But Board Applauds His Poor Performance

A former chief investment officer critiques a remarkable, and not in a good way, performance by CalPERS’ CIO Ted Eliopoulos.

US Senate Strikes for Russian Equality – The Oligarchs Targeted in New Sanctions Bill

Parsing the details and the logic of the Senate sanctions against Russia and in particular, its oligarchs.

Links 7/4/17