Author Archives: Yves Smith
‘Incredible Corruption’: Blockbuster Report on Trump Crypto Grift Leaves Observers Stunned
The New York Times described how the UAE got a real solid from Trump after a monster investment in Trump’s family crypto venture.
Read more...U.S. Automakers Navigate Rising Metal Costs and Supply Woes
Beleagured US automakers, who remain important employers, face new tsuris in tariff costs and scarcity of key minerals.
Read more...Despite Recent “Pin the Tail on the European Donkey” Moves, Trump Unlikely to Escape Accusation of Losing Ukraine War
Despite a possible tactical success versus Ukraine warmongers, Trump can’t escape owning the war and going down as the President that lost it
Read more...Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”
Why nuclear waste is a choice, not a necessity.
Read more...Links 9/13/2025
How Student Loans Became America’s Financial Catastrophe
How student loans became a vehicle for higher educational profiteering and exploitation of students.
Read more...Satyajit Das: On Reading – Textual Pleasures
On the role of reading, particulalry for book lovers.
Read more...Are We Offloading Critical Thinking to AI Chatbots?
Research, much of it by companies with deep investment in AI, suggests that chatbot interactions alter how users think.
Read more...“Inflaming Tensions, Trump Threatens Political Left With Retribution Over Killing of Charlie Kirk”
Conservatives are baying for ritual sacrificies on the “radical left” over the murder of Charlie Kirk. How far will the blood lust go?
Read more...America’s Grid is Nearing Its Breaking Point
In another testament to lack of managerial competence, worries about US grid stabilty rise in the face of AI demand, yet little is being done
Read more...Milton Friedman: From Modern Monetary Theory to Monetarism
How Milton Friedman was an advocate of functional finance, the precursor to Monetary Monetary Theory before he wasn’t.
Read more...Major New Paper in Nature: Climate Change Increase; Intensity and Frequency of Heatwaves; 1/4 “Virtually Impossible” Otherwise; “Carbon Majors” Accounted for Half of Intensity Increase
A new paper in Nature analyzes extreme heatwaves, and not only identifies the human role but even particular perps.
Read more...Today’s Political Nihilism: NYC Mayor’s Race as a Case Study
How top Democrats’ posture towards NYC mayoral race leader Zohran Mamdani exemplifies the party’s nihilism.
Read more...Michael Hudson: Trump’s Economic War Against Europe, Korea and Japan
On the impact of Trump overplaying his hand with trade partners who aren’t all that dependent on the US.
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