Google provides an early, scary test case for mechanized suppression by threatening a popular economics site with demonetization

“So this is a threat of complete demonetization,”

The timing is odd; the site has never faced any kind of review before, and the breakdown of its supposed strikes suggests that even Google’s internal review process isn’t finding many recent issues. (Just four in the last two years.) Either way, the decision to even once tell a media outlet that it must remove content to remain ad-eligible sends a message someone like Smith will think of every time she publishes going forward. And think she will, because like most sites of this size, Naked Capitalism can’t afford to forego even a small amount of revenue.

“We are so lean,” Smith says. “We have nowhere to cut.”