Inflation Targeting and Neoliberalism, Part 2
Why inflation targeting is a destructive practice.
Read more...Author Archives: Yves Smith
A Global Marshall Plan for Joblessness?
Time for a Marshall Plan for unemployment: no workfare, no bullshit jobs, no compulsory work, no digging holes. Start with a Green New Deal.
Read more...Links 5/13/16
Trump Slams US Wars in the Middle East
Despite his considerable flaws as a candidate, Trump is making a serious case against US policy in the Middle East.
Read more...New Study Blasts Private Equity Fee Abuses, SEC and IRS Enforcement Failures, Limited Partner Capture
A new report recaps a wide range of private equity misconduct, plus regulatory and limited partner inaction. A related letter presses the IRS to address a known and costly tax abuse.
Read more...Hoisted from Comments: “Obama’s Hiroshima Visit Is Shaping Up To Be a PR Disaster”
Our instinct that Obama’s “look forward, not back” approach to his Hiroshima visit would not go over well in Japan is panning out.
Read more...Tax-Dodging Corporate Inversions Accelerating
New rules by the US Treasury to curb corporate inversions haven’t done enough to slow the rising tide.
Read more...Links 5/12/16
Clinton Policies Have Hurt Women
Clinton preaches trickle-down feminism, which just like trickle-down economics, serves only the interests of those at the top of the food chain.
Read more...Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative
Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...Democrat Hedge Fund Investors Underwrite Political Networks to Privatize K-12 Public Education
Who says Democrats and Wall Street don’t get along? Hedge funds promote a war on teachers’ unions to boost school privatizations.
Read more...Michael Hudson: Warning to Europe – How the TTIP Threatens Public Health Care and Pensions
Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...Links 5/11/16
As Clinton Looks Vulnerable, Event Risk Favors Trump (and Sanders)
When Donald Trump became the presumptive Republican nominee, you could almost hear the glee from Camp Clinton. Lambert called the tweets from her supporters “giddy”. The pundits saw Advantage Clinton in her presumed lock on women, blacks, Hispanics, as well as the divide of red versus blue states working in her favor. Yet the body […]
Read more...Gaius Publius: A Corporate Convention: “Comcast Presents … The Democratic Party. Welcome to Philadelphia.”
The Democratic party convention will put its big-money soul on tawdry display.
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