Satyajit Das sets forth the very strong case against stablecoin.
Recent Items
Tuesday, September 30, 2025
Satyajit Das: Stablecoins – Invention Looking For A Problem?
Topics: Banana republic, Banking industry, Currencies, Economic fundamentals, Free markets and their discontents, Guest Post, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:00 am | 9 Comments »
NATO Might Try to Down Russian Jets on The False Pretext That They Violated Its Airspace
Why some European members of NATO might attempt the reckless escalation of attacking Russian military assets.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:30 am | 33 Comments »
How the First Amendment Protects Americans’ Speech − and How It Does Not
A law professor gives an overview of the extent of and limits on First Amendment rights.
Topics: Guest Post, Legal, Media watch, Politics
Posted by Yves Smith at 3:44 am | 14 Comments »
Coffee Break: Palantir, Peter Thiel, Alex Karp, and the Antichrist
Palantir co-founders Peter Thiel and Alex Karp almost embody the zeitgeist of 2025 with Palantir’s use of AI for ICE and the IDF, their Trump affiliations, and their outspoken views on the Antichrist and “Western Civilization.”
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 47 Comments »
Wall Street’s Deregulation Agenda Will Cost Everyday Americans Everything
Trump administration financial deregulation, eliminating services and eviscerating oversight and enforcement, sets people up for harm
Topics: Banking industry, Credit cards, Credit markets, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 9:57 am | 10 Comments »
Links 9/24/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 231 Comments »
Politics, Government, and Science During Pandemic Times
When asked in early 2000 how long I thought COVID-19 would last, I answered three years. Alas, it has now been nearly six years since a frightening respiratory disease was first noticed in Hubei Province centered in Wuhan. Retrospective analyses indicate the virus was already circulating in other parts of the world. It soon became […]
Topics: Doomsday scenarios, Health care, Pandemic, Science and the scientific method, The dismal science
Posted by KLG at 6:50 am | 8 Comments »
US Medical Care Set to Fracture Over MAHA as States and Physicians Groups Break With Administration Recommendations, Plan to Fund Own Research
How an informational civil war is starting in the wake of MAHA.
Topics: Banana republic, Dubious statistics, Health care, Income disparity, Politics, Regulations and regulators, Science and the scientific method, Social policy
Posted by Yves Smith at 5:55 am | 32 Comments »
Small Nuclear Reactors Will Not Save The Day
Debunking small nuclear reactor hype.
Topics: Energy markets, Environment, Global warming, Guest Post, Technology and innovation
Posted by Yves Smith at 5:40 am | 46 Comments »
Coffee Break: Armed Madhouse – Laser Weapons
High-energy laser weapons (HELs) are moving from lab demos to real defenses. Israel’s Iron Beam—likely the first HEL to see combat—promises near-zero cost per shot against drones and short-range rockets, easing the strain on interceptor stockpiles. But lasers aren’t miracle weapons. Power and cooling demands, weather, line-of-sight limits, and maintenance of delicate optics constrain performance, and attackers can counter with obscurants and saturation. This piece explains the tech, the trade-offs, and how Iron Beam fits alongside Iron Dome in a layered defense that could reshape the economics of air defense in the Middle East.
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 31 Comments »
Trump’s Chabahar Sanctions Waiver Revocation & Bagram Airbase Talk Pile Pressure on India
The US decided that India’s rise as a Great Power must be derailed and it’ll pursue this by all possible means.
Topics: Doomsday scenarios, Globalization, Guest Post, India, Politics
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 9/23/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 184 Comments »
Quelle Surprise: UK’s Keir Starmer Government Goes All In On Digital Identity
The government is finally admitting the truth: it wants to launch a universal digital ID dubbed “Britcard” — despite the fact it’s a smartphone app.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 8 Comments »
The Karl Marx Question
Karl Marx has aged well. What happens if you take his analysis seriously?
Topics: Free markets and their discontents, Guest Post, Income disparity, Regulations and regulators, Social policy, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:55 am | 69 Comments »
War Signals, Quiet Channels, and Venezuela’s Discounted Barrels
An analyst in Caracas tries to make sense of Trump’s aggression against Venezuela.
Topics: Commodities, Doomsday scenarios, Energy markets, Guest Post, Politics
Posted by Yves Smith at 4:55 am | 16 Comments »