Author Archives: Yves Smith

Links 3/21/2023

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.

Links 3/18/2023

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?

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

More Medicare “buyer beware” alerts.

Were the Bank Bailouts the Result of Rising Wealth Concentration?

Are many of the explanations of the recent bank tsuris barkign up the wrong tree?

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.

Links 3/16/2023

Michael Hudson Talks to Ben Norton About SVB and Bank Failures

Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies