How Student Loans Became America’s Financial Catastrophe
How student loans became a vehicle for higher educational profiteering and exploitation of students.
Read more...Author Archives: Yves Smith
Satyajit Das: On Reading – Textual Pleasures
On the role of reading, particulalry for book lovers.
Read more...Are We Offloading Critical Thinking to AI Chatbots?
Research, much of it by companies with deep investment in AI, suggests that chatbot interactions alter how users think.
Read more...“Inflaming Tensions, Trump Threatens Political Left With Retribution Over Killing of Charlie Kirk”
Conservatives are baying for ritual sacrificies on the “radical left” over the murder of Charlie Kirk. How far will the blood lust go?
Read more...America’s Grid is Nearing Its Breaking Point
In another testament to lack of managerial competence, worries about US grid stabilty rise in the face of AI demand, yet little is being done
Read more...Milton Friedman: From Modern Monetary Theory to Monetarism
How Milton Friedman was an advocate of functional finance, the precursor to Monetary Monetary Theory before he wasn’t.
Read more...Major New Paper in Nature: Climate Change Increase; Intensity and Frequency of Heatwaves; 1/4 “Virtually Impossible” Otherwise; “Carbon Majors” Accounted for Half of Intensity Increase
A new paper in Nature analyzes extreme heatwaves, and not only identifies the human role but even particular perps.
Read more...Today’s Political Nihilism: NYC Mayor’s Race as a Case Study
How top Democrats’ posture towards NYC mayoral race leader Zohran Mamdani exemplifies the party’s nihilism.
Read more...Michael Hudson: Trump’s Economic War Against Europe, Korea and Japan
On the impact of Trump overplaying his hand with trade partners who aren’t all that dependent on the US.
Read more...MAHA Report Draws Fire as Critics Say Corporate Pressure Trumps Public Health
More proof that the Adminisration MAHA plans are all hat, no cattle, save for RFK, Jr. collecting licensing fees on the phrase.
Read more...Links 9/10/2025
Poland to Invoke NATO Article 4 Over Russian Drones in Its Airspace
Poland is going to NATO after 19 Russian drones entered its airspace, apparently from Belarus. What next?
Read more...Trump Followers Promote Authoritarian, Hostile-to-Downtrodden Version of Christianity
How Christianity is being manipulated by Trump allies to demonize the poors and support aggressive law enforcement
Read more...Giorgio Armani: Farewell to the Visionary Designer/Businessman Who Lifted Italy into Fashion Leadership
Armani played a key role in fashion, not just via designs, but also his business acumen that helped elevate Italy to the industry’s top tier
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