How Tax Evasion Increases Inequality
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
Read more...Category Archives: Moral hazard
Trump SEC Fails to Pursue Aggressive Deregulatory Agenda (Albeit from Previous Pathetic Baseline)
WSJ reports Trump SEC has failed to pursue an aggressive deregulatory agenda; legislation necessary to disable securities framework further.
Read more...How Much Do New York Times Reporters Use Anonymous Sources?
An analysis of David Sanger’s work at the New York Times in 2017 gives a sense of how much reporters crib from anonymous “official” sources.
Read more...“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus
The false narrative that made personal bankruptcy law so hellish
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...Fallout from Carillion Collapse Hits KPMG
Carillion collapse demonstrates Big Four auditing firms are not only too big to fail, they’re too big to replace.
Read more...Rewriting the History of the Vietnam War, to the Detriment of Everyone Save the Military-Industrial Complex
Identifying the main players behind Vietnam War revisionist history and how they have succeed in forging disastrous policies.
Read more...Ilargi: Is Capitalism Dead or Merely Dying?
None other than New Zealand’s prime minister has issued a blistering critique of capitalism. Can it be saved from itself?
Read more...Quelle Surprise! Pollution Pays!
A study of DuPont’s failure to clean up emissions of a toxic chemical shows pollution is economical rational. Too bad the remedies are lame.
Read more...Does Catalonia Have a Right to Secede?
Why the question of secession for Catalonia, or Scotland, or Quebec, isn’t easy to decide, practically and morally.
Read more...How Economists Turned Corporations into Predators
How shareholder value theory and other bad ideas created lousy incentives for corporations’ executives.
Read more...How US Regulators Created the Equifax Mess
How regulators made credit bureaus like Equifax powerful, and why banks could live without them if they needed to.
Read more...Quelle Surprise! Financial Firm Fines Are Way Down Under Trump
The latest sighting on how financial firms are getting off easy, yet have the bad taste to complain about their paltry punishments.
Read more...What the US “Health Care Reform” Debate Did Not Address
A sobering compendium of the factors responsible for the rot in the US health care system.
Read more...How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
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