Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.
Saturday, February 7, 2026
Beijing’s Bid For Influence in the Global South
Even a US propaganda organ is having to take notice of how China is taking advantage of US policy failures, particularly in the Global South.
Advances in Mind-Decoding Technologies Raise Hopes (and Worries)
If you are worried about spying on your devices, consider that mind-reading technology is already showing meaningful results.
2:00PM Water Cooler 1/3/2024
~ Today’s Water Cooler ~
We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Science on Trial, Part 2: An Immodest Proposal
In a variant of “follow the money,” some recommendations of how to lead with money, as in reform science research by reforming funding.
American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
2:00PM Water Cooler 1/2/2024
~ Today’s Water Cooler ~
From the Great Divergence to South-South Divergence
A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.
Javier Milei Is Preparing a Nice Little New Year’s Gift for the World’s Richest Man, Elon Musk
Musk is “extremely interested” in Argentina’s vast lithium deposits, according to Milei. So too, apparently, is the US Government and many other US companies. Milei will happily oblige.
Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues
China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.
Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
