The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
Read more...Category Archives: Free markets and their discontents
DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Read more...With RFK Jr. in Charge, Supplement Makers See Chance To Cash In
Why dietary supplement fans should be worried about RFK, Jr.’s plan to weaken their already lax regulation.
Read more...US Secondary Sanctions “Have Seriously Damaged” Russia-China Bilateral Cooperation
Russian experts say US secondary sanctions are damaging Russia-China commerce. But their solutions don’t seem to be close to implementation.
Read more...America First Deepens World Stagnation
Quelle surprise! America First is another leg down in the developing-country-unfriendly policies the Collective West has pursued.
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...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...“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...How Climate Denial is Fueling a U.S. Homeowners Insurance Crisis and Risking a 2008-Style Financial Meltdown
A climate-change-driven insurance and eventual mortgage/housing price crisis is getting momentum. And unlike 2008, price recovery is unlikely
Read more...Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts
How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.
Read more...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...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...Climate Minsky Moments: Why They May Matter Less Than Expected
“Climate Minsky moments” do not warrant delaying ambitious climate policy.
Read more...Paradise Is a Police State: Examining the Techno-Optimism of Billionaire Silicon Valley Investor (And Unofficial Trump Administration Adviser) Marc Andreessen
The unlimited AI and energy now being unleashed is supposed to usher in a new utopia centered around low wages and prices. So why are Andreessen and friends so intent on a police state as part of the grand experiment we’re all being enlisted in?
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