Fearless commentary on finance, economics, politics and power

Higher interest rates, for longer.

Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.

In “Control,” geneticist Adam Rutherford grapples with the dark history of eugenics and now its engineered implementation.

~ Today’s Water Cooler ~

From fintech to food systems to social media, the State of Big Tech offers a blueprint for the 99% to break privatized status-quo enclosures.

“Many people in Europe are following with admiration what is now happening in [Latin America],” said Wikileaks’ editor-in-chief and close confidant of Assange. “When looking at the political landscape in Europe all we have are dark forces.”

The collective West is having a wee bit of trouble with facts on the ground in Ukraine.

Yves here. The literature on cognitive biases has many examples of how presenting the same economic proposition in different terms, such as insurance versus a bet, will elicit different responses. Here we has the Russian gas cognitive bias. If it comes via a dedicated pipeline, as in no way, no how can Europeans kid themselves […]

We are breaking from our usual practice of only one fundraiser a year to have a mini-event. We hope you are in a festive mood and will include this humble site in your holiday giving. When we launched our big event early, as in over Labor Day weekend, we said we might hold a second […]

~ Today’s Water Cooler ~

Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)