Blackouts Are Becoming the Norm—Can the U.S. Power Grid Be Saved?
The US future of more erratic power supplies comes nearer as officials dither over what to do about a creaky grid.
Read more...Author Archives: Yves Smith
Guantánamo, Donald Trump’s “Immigrant Problem,” and the Rest of Us
Trump’s methods for dealing with immigrants with less than solid visa status are often cruel. That is almost certainly a feature, not a bug.
Read more...Musk Is Lying About Waste and Fraud in Social Security to Have an Excuse to Kill It
Musk wants to cut your Social Security benefits and then have Congress use the savings to give himself a gigantic tax cut.
Read more...EU Consumers Don’t Trust US Goods: A Look into Trump’s Trade Deficit Claims
Why trade deficits can’t always be solved by price, as in tariffs or currency manipulation.
Read more...Charles Kindleberger, the Dollar System, and Financial Crises
On Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System, including how some of his key ideas have been borne out.
Read more...The Bazooka Diplomacy of Trump’s Tariffs
A look at theory and practice as far as tariffs are concerned, and what that means for Trump’s threats and plans.
Read more...Links 2/19/2025
After We Amplified Warnings of Wildly Overvalued Unicorns, They Crash and Burn
“What Is the Mainstream Media Missing About Elon Musk? He Is Instituting Technocracy”
A discussion of the regime that Elon Musk and his tech bros are in the process of implementing.
Read more...Trump’s No-Prisoners Approach to Iran-China Oil Crackdown
The US plans further sanctions on intermediaries like tankers and broker that facilitate Iran oil sales to China. Will they work?
Read more...Links 2/18/2025
“We Must Fund Oppositions Properly to Save Democracy”
The Financial Times’ Martin Wolf, like quite a few others, looks for ways to save democracy from itself, as in rule by voters.
Read more...Who Is Driving the Global Privatization of Domestic Infrastructure?
An otherwise informative post about the extent and hazards of infrastructure sales misses who the real bad actors are.
Read more...We Are Restoring Comments
We are restoring comments. Please read this post in full before commenting.
Read more...Hoisted from Comments: A Discussion of China’s Faltering Growth
An example of the comments section at work, here on China, with both some very informative reader content and some sour notes.
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