Yves Smith — NBC’s Denver Affiliate 9News Apologies on Air to Naked Capitalism

9News acted like true pros and issued a big apology to Naked Capitalism.

Naked Capitalism
NBC’s Denver Affiliate 9News Apologies on Air to Naked Capitalism
Yves Smith

Yves Smith — NBC Evening News in Denver Defames Naked Capitalism

"There's no such thing as bad publicity." Stuff like this will just drive up traffic to the venues being attacked. 

Naked Capitalism
NBC Evening News in Denver Defames Naked Capitalism
Yves Smith

Yves Smith — We Launch PropOrNot.Org To Identify Inept Propagandists and School Amplifiers Like The Washington Post on How to Spot Them

We trust readers will enjoy and link to our new site, PropOrNot.org: Your Friendly Guide to Better Propaganda. Its aim is to combat serious deterioration of the standards of American propaganda, with the ultimate goal of restoring the US to its standing of a propaganda export powerhouse....

Humor is often the best weapon.

Naked Capitalism
We Launch PropOrNot.Org To Identify Inept Propagandists and School Amplifiers Like The Washington Post on How to Spot Them
Yves Smith

Yves Smith — We Demand That The Washington Post Retract Its Propaganda Story Defaming Naked Capitalism and Other Sites and Issue an Apology

As the lawyers like to say, res ipsa loquitur. Please tweet and circulate this letter widely. You will notice that our attorney Jim Moody is a seasoned litigator who has won cases before the Supreme Court. He has considerable experience in First Amendment and defamation actions. Past high profile representations include Westomoreland v. CBS and defending Linda Tripp.

I also hope, particularly for those of you who don’t regularly visit Naked Capitalism, that you’ll check out our related pieces that give more color to how the fact the Washington Post was taken for a ride by inept propagandists, particularly our introduction to our spoof PropOrNot.org site, which uses the PropOrNot project as an example of sorely deficient propaganda and shows where it went wrong, or the humor site itself. Be sure not to miss its FAQ.

We have another post today that describes how the few things that are verifiable on the PropOrNot site don’t pan out, as in the organization is not simply a group of inept propagandists but also appears to deal solely in fabrications. If the site is flagrantly false with respect to things that can be checked, why pray tell did the Washington Post and its fellow useful idiots in the mainstream media validate and amplify its message? Strong claims demand strong proofs, yet the Post appeared content to give a megaphone to people who make stuff up with abandon. No wonder the members of PropOrNot hide as much as they can about what they are up to; more transparency would expose their work to be a tissue of lies.

Naked Capitalism
We Demand That The Washington Post Retract Its Propaganda Story Defaming Naked Capitalism and Other Sites and Issue an Apology
Yves Smith

Washington's Blog American Alternative Media Threatens Defamation Lawsuit Against Washington Post for Red Baiting

Yves Smith – who runs the respected liberal website Naked Capitalism – has retained a top gun lawyer to sue the Washington Post for defamation unless it retracts its smear piece calling alternative media sites “Russian propaganda.”

Smith has also launched PropOrNot.org … a satirical site complaining about the lack of first-rate propaganda by the powers-that-be.

Ha ha. They crossed the wrong woman. I'm sure we will be hearing a lot more about this.

This is likely also a boon for MMT. It will drive a lot of traffic to Naked Capitalism, which is MMT-friendly.

Washington's Blog
American Alternative Media Threatens Defamation Lawsuit Against Washington Post for Red Baiting

Yves Smith comments on Dylan Matthews on MMT

In the “wonders never cease” category, the Washington Post, which is normally firmly in the camp of orthodox economic thinking and budget hawkery, ran a very well researched and complementary article by Dylan Matthews on Modern Monetary Theory. This may be a sign of MMT moving out of being regarded in policy circles as fringe (some might say lunatic fringe) to a useful part of an economist’s toolkit.

Read it at Naked Capitalism
Otherwise Good WaPo Article on Modern Monetary Theory Marred by Undeserved Praise of Roosevelt Institute

by Yves Smith

Yves Smith on the Real News talks about the debt ceiling and Obama's push for cuts in the safety net

Great interview with Yves Smith, founder of the Naked Capitalism blog. She talks about the debt ceiling crisis and Obama's unabashed push for cuts in the Social Security and the rest of the social safety net.

Unfortunately you have to go through about a minute of Peter Schiff's idiocy before you get to Yves Smith's interview. It starts around 1:09. Do yourself a favor and skip to that point.