Category Archives: Politics

Crash Landing? Part 1 – Bonfire of the Banks

Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.

The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike

The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.

How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation

Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.

How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis

Why the expected official response to this bank panic wil make matters much worse, just not right away.

Lack of Grownups in the Room Exacerbates Bank Freakout

The bank firefighting squad seems to be out on a bender.

Why is America So Anti-City? It Holds Back the Entire Country

oth parties are exacerbating the city/country split. How different are their interests?

California’s Covid Misinformation Law Is Entangled in Lawsuits, Conflicting Rulings

California’s Covid censorship law has not yet been killed by the judiciary, sadly.

Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse

The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.

Turkey’s Opposition Leads in the Polls. Would They Move the Country Closer to the West?

The Turkish opposition’s “memorandum of understanding on common policies” reveals which way they’re likely to steer the country should they win May’s election.

The Iraq War 20 Years On: End of the US’s Post-9/11 Neoconservative Dream

The 2003 Iraq war led to huge numbers of civilian deaths, and continuing insurgencies in the Middle East and Africa

The U.S. and UK’s Submarine Deal Crosses Nuclear Red Lines with Australia

Why has Australia signed up for a pricey and security-diminishing nuclear sub deal?

The High and Getting Higher Cost of Renting in the US

Why renting is even more expensive than ever, even pinching the soi-disant middle class.