CBDCs may be all the rage among central bankers, but as long as they offer little in the way of public benefit while posing huge risks to privacy, anonymity and other basic freedoms, they will struggle to gain traction.
Recent Items
Sunday, January 18, 2026
The Digital Euro, Like All Prospective CBDCs, Has a Serious Marketing Problem
Topics: Guest Post
Posted by Nick Corbishley at 6:49 am | 24 Comments »
Rob Urie: Mr. Prigozhin Goes to Washington
Rob Urie uses some widely-ignored aspects of the Prigozhin mutiny as a point of entry to explore the US relationship to Russia.
Topics: Guest Post
Posted by Yves Smith at 6:22 am | 63 Comments »
Central Banks, Green Finance, and the Climate Crisis
The tough policy choices ahead for confronting the climate crisis.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Income disparity, Investment management, Politics, Risk and risk management, The dismal science
Posted by Yves Smith at 3:56 am | 15 Comments »
2:00PM Water Cooler 6/29/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 112 Comments »
Links 6/29/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 151 Comments »
Energy Destinies – Part 3: Energy Storage – Inconvenient Complications
Satyajit Das continues his in-depth analysis on whether the green energy revolution can deliver on its promises, focusing today on batteries.
Topics: Energy markets, Environment, Global warming, Guest Post, Regulations and regulators
Posted by Yves Smith at 6:00 am | 18 Comments »
Is Ireland Getting Ready to Unite?
Is the big challenge to the UK Ireland unification rather than Scottish independence?
Topics: Brexit, Economic fundamentals, Europe, Guest Post, Politics, Social policy, Social values, UK
Posted by Yves Smith at 4:59 am | 46 Comments »
Oil Prices, Oil Profits, Speculation, and Inflation
n the not inconsiderable role of speculation in the crude oil market in the increase in the WTI crude oil price.
Topics: Commodities, Derivatives, Dubious statistics, Economic fundamentals, Energy markets, Free markets and their discontents, Guest Post, Hedge funds, The dismal science
Posted by Yves Smith at 4:13 am | 18 Comments »
“Will the Doctor See You?” More on the Crapification of US Medical Care
Medical care is being systematicaly degraded in the US. And we have AI coming to cut more humans out.
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Regulations and regulators, Ridiculously obvious scams, Social policy
Posted by Yves Smith at 12:50 am | 35 Comments »
2:00PM Water Cooler 6/28/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 90 Comments »
‘Really Big’: US Supreme Court Ruling Against Norfolk Southern Seen as Rebuke to Corporate Impunity
The Supreme Court nixed a Constitutional challenge to a Pennsylvania registration law that subjects compnaies to its jurisdiction.
Topics: Banana republic, Guest Post, Legal
Posted by Yves Smith at 9:55 am | 9 Comments »
Links 6/28/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 146 Comments »
Low Wages and Rising Cost of Living Are Driving More Into Homelessness as Government Tries to Hide Rather than Solve Problem
Despite billions spent on homelessness, the problem is only getting worse due to a failure to take on exceptional American rapaciousness.
Topics: Free markets and their discontents, Income disparity, Market inefficiencies, Pandemic, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 32 Comments »
America Has Just Destroyed a Great Empire
America is making a mess in trying to preserve its hegemony.
Topics: Africa, Banana republic, China, Currencies, Doomsday scenarios, Economic fundamentals, Europe, Guest Post, Private equity, Russia
Posted by Yves Smith at 6:00 am | 57 Comments »
Turkey Continues To Challenge Sweden’s NATO Membership
Turkiye is still playing hardball with NATO and Sweden.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Turkey
Posted by Yves Smith at 5:45 am | 18 Comments »


