Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%
Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.
Read more...Author Archives: Yves Smith
China And Russia Execute A Pincer Movement Around Iraq’s Biggest Oil Assets
China and Russia oil plays in and around Iraq provide further evidence that the US has lost its touch in the hegemony game.
Read more...A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets
A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.
Read more...Stigler Center/ProMarket Hypocrisy: Published, Then Removed Post That Justified Anti-Trust; Bogus Excuses Demonstrate University of Chicago Failed Econowashing of Hard Core Neoclassical Stance
ProMarket and the Consumer Welfare Standard: Output increase is not sufficient to increase welfare. Allocation, aka distribution, matters.
Read more...Links 8/19/2023
A Peek at Big Pharma’s Playbook That Leaves Many Americans Unable to Afford Their Drugs
The Biden Adminstration has implemented some modest curbs on drug prices. Big Pharma is fighting a rearguard action in court.
Read more...Interview: Treating Gun Violence as a Public Health Crisis
Some promising approaches to reducing gun violence.
Read more...“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”
Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...Links 8/17/2023
Investors Start Thinking About Underpricing of Climate Risk
Some investors are worried that climate risk means their holdings are overvalued. It would be nicer if they worried about the real world too.
Read more...A New Climate Frontier
A recap of James Hansen’s latest clmate report, which finds the rate of warming has accelerated.
Read more...NAM 2.0+G77 vs G7+NATO+OECD+WEF
Jomo warns US policies are creating war and depression, pushing developing nations to strengthen democratic institutions of global governance
Read more...The Rise of Private Cops: How Not to Tackle Homelessness
Why a story on the abuse of private power, here a security guard beating up the homeless on public property, does not go far enough.
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