We Can Use AI in the Economy but Only If We Are Willing To Tax Capital More Heavily
What future is there for labor with AI?
Read more...Author Archives: Yves Smith
The U.S. Needs To Double The Size Of Its Energy Grid
Will the state of the US grid constrain the conversion to electric vehicles and other green devices?
Read more...Mass Incarceration’s Impact on US Life Expectancy
Research suggests prison accelerates the aging process and may be a factor in falling U.S. life expectancy.
Read more...Links 5/9/2023
Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, Even for April
Oopsie! Still perceived-to-be-high housing prices, thanks to higher mortgage rates, is a landlord’s wet dream. Who’d have thunk it?
Read more...Peter Pan Bonds to the Debt Ceiling Rescue?
Yet another way to circumvent debt ceilng restrictions isn’t getting the consideration it warrants.
Read more...Rochelle Walensky: Not With a Bang but a Puddle of Tears
We had low expecations for Rochelle Walensky and she underperformed. A partial catalogue of the damage she did.
Read more...William Astore: How American Learned to Love, or at Least Not Hate, Its Nuclear Bombs
William Astore recalls his encounters with icons of US nuclear development, and is sad they are still with us.
Read more...4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson
US banks keep falling over but the Fed is curiously indifferent.
Read more...A New Republican Assault on Children: Overturning Labor Laws
Big employers like McDonalds have been caught illegally employing children. Some state want to regulize that. But is this just a GOP affair?
Read more...Peanut Butter Is a Liquid
The matter of what is a liquid has made the news…..
Read more...Violence in Sudan and the Decline of U.S. Hegemony
The conflict in Sudan is an expression of the changing world order and the intense fight over resources and critical geographies.
Read more...Can the US Adjust Sensibly to a Multipolar World?
The US channels Nora Desmond.
Read more...“All I Want Is a Future”
“The future is already here. It’s just not very evenly distributed.” But what we can see is not pretty.
Read more...Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles?
The Fed seems awfully indifferent to the (so far) low level bank crisis it has created.
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