Why to be wary of Larry Summers selling another Volcker-type “kill the economy to save it” interest rate jihad.
Sunday, July 26, 2026
#Musk + #Twitter, Liberal Democrat Aghastitude, and Social Capital on Social Media
Is Twitter really a hellscape of hate and bigotry? And what will happen to Twitter now that Musk has taken it over?
Centene Showers Politicians With Millions as It Courts Contracts and Settles Overbilling Allegations
Centene earns billions of dollars from governments and then uses its profits to back the campaigns of the officials who oversee those government contracts.
A Brief History of the Mortgage, From Its Roots in Ancient Rome to the English ‘Dead Pledge’ and its Rebirth in America
The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.
Russian Oil Price Cap Will Not Apply To Resold Cargoes
The “collective West” is remarkably attached to sanctions that have hurt them more than Russia. The oil price cap is next in this pattern.
2:00PM Water Cooler 11/4/2022
~ Today’s Water Cooler ~
Could the Ukraine Conflict Be an Opportunity for the Global South?
Many countries see the Russia challenge to Western economic dominance as an opportunity to rewrite the rules of global trade in their favor.
One Year In, The First Ever Large-Economy CBDC, Nigeria’s eNaira, Is a Gigantic Flop
The Central Bank of Nigeria is undeterred. To deepen its drive to “entrench a cashless economy” and boost take-up of the eNaira, it is launching a demonetization process not too dissimilar from India’s.
The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China
Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.
The Best Climate News You May Not Have Heard About
The Montreal Protocol — designed to save the ozone layer — is also averting other global warming/climate damage.
2:00PM Water Cooler 11/3/2022
~ Today’s Water Cooler ~
Thieves’ Paradise in Kiev — IMF Admits It Doesn’t Know How Much Ukraine Has Received of $35 Billion in Promised Foreign Cash, or Where the Money Was Spent
It isn’t surprising that IMF funds to Ukraine are lost in action. What is surprising is the IMF isn’t pretending to care.
