Author Archives: Yves Smith

The Mining Industry Is Replicating the Oil Sector Crisis

The push for green new energy faces a big hurdle via sharply rising prices of key inputs, due to years of underinvestment in mining.

Michael Hudson: The Fed’s Austerity Program to Reduce Wages

The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.

Links 6/18/2022

Michael Hudson Talks About Almost Everything with Jonathan Brown

Another blockbuster interview with Michael Hudson.

100 Million People in America Are Saddled With Health Care Debt

An in-depth study reveals the scope and severity of medical debt in the US is much worse than previously thought.

Housing Market Takes Another Body Blow with Sharp Interest Rate Rise

A short update on the housing market.

Noam Chomsky: Ukraine Is a Diplomacy No-Go Zone

If this is what Western “realism” about Ukraine looks like, our goose is cooked.

Railroads, Logistics, and War, US Versus Russian Style

Now the Russian military is supposedly no good because it relies arguably overmuch on railroads and muscle rather than pallets and forklifts.

Gazprom Reduces Gas Flows To Italy

More on the dastardly gast cuts to Europe by Gazprom.

JFK’s Canadian Coup

When Canadian PM John Diefenbaker said no to nuclear missiles in 1961, JFK helped Lester Pearson replace him.

Links 6/15/2022

Can the Fed Kill This Inflation Without Killing Too Many Other Things First?

Why having central banks as the inflation shock troops is not such a hot idea.