Chaos Theory: Assessing the Legal Validity of Trump’s Tariffs
A look at the legality of Trump tariffs. Sadly, another proof that international law does not count for much in practice.
Read more...Author Archives: Yves Smith
Mr. Treasury Market Tells Fed It Is Even More Worried About Inflation
The Fed vigorously backpedaled on further cuts, pivoting to wait-and-see, due to long-term rates signaling inflation concerns.
Read more...Imperialism (Still) Rules
Many in the West now deny imperialism. But even the Economist now sees Trump’s revival of this US legacy.
Read more...Links 2/11/2025
KLG: “If the Overhead Cuts to NIH and NSF Grants Go Through Without Changes, Academic Biomedical and Other Research in the US Will Crumble into Dust”
Why the Musk attack on NIH and NSF funding formulas will eviscerate US medical research.
Read more...The Execution of the CFPB: Capitalism Survives Another Attempt to Save It
A discussion of Elizabeth Warren’s naivete about the predatory nature of capitalism.
Read more...We Are Disabling Comments
We are turning off comments on new posts effective immediately.
Read more...US History of Duplicity Means Impossibility of Negotiated Settlements, Including Ukraine; Could a Government in Exile Be Coming?
Why there will be no deal between the US and Russia on Ukraine: the US really is incapable of entering into an agreement it will respect.
Read more...‘So Much for Lowering Costs’: Fury Over Musk’s Death Wish for CFPB That Returned Over $20 Billion to Consumers
Revealingly, Musk makes closing an agency that keeps billionaires like him from cheating ordinary citizens a top priority.
Read more...Links 2/8/2025
Medicaid Work Requirements Could Boot 36 Million People Off Their Health Coverage: Report
“Work requirements are simply another way to cut Medicaid.”
Read more...It’s Going to be Torture as the Path to Starmer’s Inevitable Demise Is Rolled Out
A Starmer death watch sighting.
Read more...Is Trump Serious About Trying to Close the Private Equity Carried Interest Loophole?
Trump wants to revive his 2017 plan to curb a private equity tax abuse, the so-called carried interest loophole. Is he likely to succeed now?
Read more...Even US Messaging Outlet RFE/RL Having Trouble Prettying Up Trump Planning to Buy Ukraine Rare Earths Empty Bag
There is both less and more in the Trump offer to arm Ukraine in return for rare earths than meets the eye.
Read more...James K. Galbraith Discusses His New Book, Entropy Economics, Plus DOGE, Bitcoin and Tariffs
A wide-ranging talk with Jamie Galbraith on his book, Entropy Economics, which focuses on the neglect of real resources, and recent events.
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