Author Archives: Yves Smith
The President’s “Firing” of Lisa Cook Is Illegal
Georgetown law professor Adam Levitin eviscerates the purported Trump case for removal of Federal Reserve governor Lisa Cook.
Read more...The New Currency War: US Stablecoin-China Digital Yuan Rivalry as a Test of Monetary Discipline
How the US stablecoin/digital yuan arms race creates instability risks and undermines monetary sovereignity around the world.
Read more...Jim Chanos on Crypto, AI, Dodgy Statistics, and Casino Capitalism
Chanos looks at a broad range of investment hot topics, from cypto to AI, and sees vastly more speculation than value creation
Read more...Links 8/26/2025
Don’t Look Away: The Revolution Will Not Be Televised But the Genocide Is Being Filmed
A look at some key entries in large and tragically growing body of documentaries on Israel’s ethnic cleansing and genocide in Palestine
Read more...FTC Has Long Said Products Must Back Up Health Claims. A MAHA Lawsuit Would Upend That.
An important legal battle looms about dietary supplement companies being able to make health claims when they lack clinical trial evidence
Read more...Trump’s Intel Deal: Knowing the Price of Everything, and the Value of Nothing
Why the Intel deal is a so far small negative for the chip-maker, but still gets Team Trump tar-babied to the low likelihood of a turnaround.
Read more...Health Insurance Price Increases Should Cause Americans More Alarm
An article that usefully documents the magnitude of health insurance price increases nevertheless blames the victims.
Read more...Links 8/23/2025
Powell Tap Dances on Interest Rate Outlook as Stagflation Starts to Kick In
Powell threw Mr. Market and Trump a bone by hinting the Fed might cut rates in Sept. But the Fed lacks good options with stagflation looming
Read more...Looking Back at the Positions on South African Apartheid Taken by Ambitious Democrats
Over time, Democrats came to support the end to South Africa’s apartheid, whch makes the cowardice over Gaza genocide even more deplorable
Read more...Neoliberalism Is Not a Viable Option
How neoliberalism contributes to the growth of fascism.
Read more...Our Coming Arab Springs?
Resource stresses are rising in many parts of the world. How long before we see political ruptures, including on a Arab Spring level?
Read more...Lessons from China: Industrial Policy Works Even After Retaliation
A new study finds that industrial policy pays off, even after factoring in the cost of retaliation. So when will neoliberals wise up?
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