A primer on the fiscal multiplier, a topic likely to come back into vogue as calls for austerity seem set to rise.
Recent Items
Tuesday, November 3, 2026
How Government Spending Can Pay for Itself: The Multiplier Effect Explained
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Macroeconomic policy, Politics, Social policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:58 am | 3 Comments »
Links 11/3/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 110 Comments »
Mexico, the Final Frontier of the Global War on Cash
“The message is clear: if you are not inside the digital system, you are increasingly out of the game.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 9 Comments »
Accelerating Health Care Cuts for Poor and Lower Income Set to Create Public Health Crisis
One reason for the expected Trump rout today: de facto denial of health treatments due to Federal cuts and spiraling costs.
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:06 am | 6 Comments »
Boiling Point: The Road to War and Ukraine’s Uncertain Future
A new book, Boiling Point, covers the backstory of and prospects for the Ukraine conflict, debunking many pet media tropes.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:42 am | 48 Comments »
Coffee Break: 2026 Elections: A Dem Betrayal, Trump Bargaining, and GOP Cheating?
The weekend before the US midterm elections featured a big AIPAC-inspired Democratic betrayal in Michigan, plus Trump talk about protecting Elon Musk and his staff from vengeful Dems and some hand-wringing do-gooder coverage of potential election interference from the administration.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 21 Comments »
The Boom Before the Bust: From the Roaring Twenties to the Great Depression
Was an investment boom in the face of saturated markets the ultimate cause of the Great Depression?
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Investment management
Posted by Yves Smith at 9:55 am | 20 Comments »
Links 11/2/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 117 Comments »
Poland’s Rule of Law Crisis Echoes Increasingly Undemocratic EU: Is Standoff in Preparation for Something Bigger?
Former President of the European Council tries to take Polish courts by force.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Conor Gallagher at 6:00 am | 35 Comments »
Junk Bond Market Starts to Crack, in Further Sign AI End Game is Nearing
Some fresh takes on increasing indigestion in the junk bond market, which is set to cut AI access to affordable, or even any, new borrowing
Topics: Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Investment outlook, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 5:55 am | 56 Comments »
The Amazonian Community That Beat Big Oil Is Sharing Its Secrets
Indigenous leaders challenging Brazilian oil projects traveled to Ecuador to learn how the Sarayaku people fought back and helped reshape laws around the globe.
Topics: Guest Post
Posted by Conor Gallagher at 5:00 am | 3 Comments »
Links 11/1/2026
Topics: Links
Posted by Haig Hovaness at 6:55 am | 133 Comments »
The Sunday Morning Movie Presents: Il Sospetto (1975) Run Time: 1H 46M Plus Bonuses
Il Sospetto is a movie about the courage of one’s convictions.
Topics: Guest Post
Posted by semper loquitur at 6:30 am | 4 Comments »
Private Equity Is Buying up More Methadone Clinics – Access to the Lifesaving Drug Isn’t Getting Easier
“That kind of guaranteed, captive demand is exactly the sort of investment that can be profitable for private equity investors.”
Topics: Guest Post, Market inefficiencies, Private equity, Regulations and regulators, Ridiculously obvious scams, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 11 Comments »
Links 10/31/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 157 Comments »




