Author Archives: Yves Smith

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

If the Federal Government Won’t Fund the States’ Emergency Needs, There Is Another Solution

Some ways aroung the Federal government’s present refusal to do much for state and localities.

Links 5/23/2020

Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism

Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.

Craig Murray Documents Abuse of Process, aka Kangaroo Court, via Butchered Indictment

The UK court is play so dirty with Craig Murray that it might make our FISA court look good.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

Links 5/21/2020

Brexit: Posturing and Impasse

More Brexit chest-thumping.

Sweden’s Covid-19 Experiment Looks Even Worse as Death Rate Rises, Neighbors Contemplate Cordon

More defenses of Sweden’s failed Covid-19 approach appear even as evidence of its failure mounts.

Exclusive: Countries To Face a ‘Wave’ of Corporate Lawsuits Challenging Emergency COVID-19 Measures

Will Covid-19 trigger reprehensible investor-state dispute settlement suits?

The Lockdown Protestors Are Not Working Class

Contesting the messaging about lockdown protests.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.