The Biggest Problem in the War on Cash
Banks and retailers are running into strong political opposition to restricting the use of cash.
Read more...Author Archives: Yves Smith
Put Bernie Sanders’ Face on Those Joe Biden Photos, Then Imagine What Party Leaders Would Be Saying
Another cut on #MeToo’s hypocisy with respect to Biden.
Read more...The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?
Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?
Read more...Links 4/4/19
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)
By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]
Read more...Brexit: Shambles
More Brexit faffing about when that’s the last thing the UK can afford.
Read more...As GOP Deploys ‘Nuclear Option’, New Reports Detail Damage Done By Trump’s Far-Right Takeover of Judiciary
In just under two years on the bench, Trump’s narrow-minded elitist judges have already harmed workers, consumers, voters, immigrants, reproductive rights, and many more.
Read more...Confirming Upcoming Meetups: Washington, Friday April 12; Boston, Thurs April 25; Milwaukee Wed May 1; Minneapolis Thurs May 2
Providing details for upcoming meetups. See you soon!
Read more...Yasha Levine: Respectable Racists
Racists are well tolerated in liberal bastions in America….as long as they are the right sort of racist.
Read more...Links 4/3/19
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Brexit: Pandemonium
Is May’s latest Brexit gambit a roll of the dice or meant to be a road to nowhere?
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)
Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.
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