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...Author Archives: Yves Smith
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.
Read more...MAHA Report Draws Fire as Critics Say Corporate Pressure Trumps Public Health
More proof that the Adminisration MAHA plans are all hat, no cattle, save for RFK, Jr. collecting licensing fees on the phrase.
Read more...Links 9/10/2025
Poland to Invoke NATO Article 4 Over Russian Drones in Its Airspace
Poland is going to NATO after 19 Russian drones entered its airspace, apparently from Belarus. What next?
Read more...Trump Followers Promote Authoritarian, Hostile-to-Downtrodden Version of Christianity
How Christianity is being manipulated by Trump allies to demonize the poors and support aggressive law enforcement
Read more...Giorgio Armani: Farewell to the Visionary Designer/Businessman Who Lifted Italy into Fashion Leadership
Armani played a key role in fashion, not just via designs, but also his business acumen that helped elevate Italy to the industry’s top tier
Read more...Links 9/9/2025
More Trump Administration Circular Firing Squad with Investor-Spooking ICE Raid on Hyundai-LG Plant
The fallout from the ICE raid on a Georgia Hyundai -LG startup looks to be serious.
Read more...Bond Markets Do Not Rule – Governments Do
A reminder that the bogeyman of bond vigilantes, as in investor/capitalist dominance, is overdone.
Read more...“I’ve Seen States Collapse; Now I See It Happening Here”
A grass-roots persepctive on the collapse of the rule of law in America.
Read more...Debate Over Conflicts of Interest at Top Pediatrics Association: What About Corruption in Medicine Generally? And With RFK Jr.’s MAHA Brand?
American medicine is rife with conflicts of interest and soft corruption. Don’t kid yourself that RFK, Jr. and his allies are any better.
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