Author Archives: Yves Smith

Daniel Ellsberg on the Assange Extradition and Growing Fascism

Daniel Ellsberg, in an interview with Paul Jay, describes the threat the Assange show trial poses for journalists around the world.

Announcing the 2020 Harry Shearer and Friends “Double Your Donation” Challenge!

Harry Shearer and two anonymous donors are making a big reader challenge! Will you take them up on it?

Pandemics and Inequality

Pandemics have a long tail, including their impact on inequality.

The Best Part of This Week

Some heartfelt messages this week.

Michael Olenick: The Surprisingly Short Road from Abolitionism to Credit Bureaus

Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.

Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson

Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.

Mark Ames: Why Finance Is Too Important to Leave to Larry Summers

A reprise of Mark Ames’ biting fundraiser classic.

Links 10/3/2020

“I Need My Nake!”

Naked Capitalism is Arizona Slim’s antidote to MSM-induced brain damage.

As of September 29, 2020, 5 Federal Courts Have Ruled Against the Postal Service

The Postal Service is getting whacked for service degradation that critics believe has a lot to do with upcoming voting by mail.

Brexit: Confrontation

The Brexit process is as ugly as ever.

San Francisco Rents in Free-Fall. New York Rents Swoon. Expensive Cities, College Towns, Cities in Texas, Other States Sag. But in 16 Cities, Rents Jump Double-Digits

Tracking the damage in big city residential rents.