Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
Recent Items
Monday, July 14, 2025
Repaying Bank Loans Destroys Money
Topics: Banking industry, Credit markets, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, The dismal science
Posted by Yves Smith at 2:41 am | 58 Comments »
2:00PM Water Cooler 7/31/2024
~ Today’s Water Cooler: Politics, syndemics; Kamala’s idpol keeps rolling; Covid and class, call any vegetable…. ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 138 Comments »
Israel Assassinates Hamas Negotiator, Ismail Haniyeh, in Iran, Leading to Condemnation Across Muslim World; Israel Attempts Assassination of Hezbollah Leader in Beirut; Settler Brownshirt Rampage Against IDF Wins Knesset Backing
Israel escalates as Tony Blinken wrings his hands.
Topics: Doomsday scenarios, Middle East, Politics
Posted by Yves Smith at 9:55 am | 205 Comments »
Links 7/31/2024
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 198 Comments »
Climate Change: Can One Specific Example Counter the Denialists?
A look at climate change impacts, recent and prospective, in coastal Georgia. Can evidence like this change some stubborn minds?
Topics: Environment, Global warming, Guest Post, Risk and risk management, Social values
Posted by Yves Smith at 6:54 am | 33 Comments »
CrowdStrike Lessons: Liability Shields Fuel Risky Practices, Expert Warns
A discussion of the regulatory and behavioral issues that helped produce the Crowdstrike 404.
Topics: Free markets and their discontents, Guest Post, Legal, Moral hazard, Regulations and regulators, Risk and risk management, Surveillance state, Technology and innovation
Posted by Yves Smith at 6:53 am | 21 Comments »
Starvation in Sudan: As in Gaza, the Deprivation Is Deliberate
How a brutal, five year old civil war in Sudan has been producing Gaza-level starvation and war crimes.
Topics: Africa, Doomsday scenarios, Guest Post, Income disparity, Politics
Posted by Yves Smith at 1:22 am | 7 Comments »
2:00PM Water Cooler 7/30/2024
~ Today’s Water Cooler: politics, syndemics; Democrat idpol, Amazon now responsible for product recalls, Covid at the Olympics ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 120 Comments »
To Win ‘Medicare for All,’ First Reclaim Medicare From Profiteers
Building on the promise of Medicare means taking on the private-sector enriching, skimpy “Medicare Advantage” program
Topics: Guest Post, Health care, Income disparity, Politics, Privatization, Regulations and regulators, Social policy, The destruction of the middle class
Posted by Yves Smith at 10:10 am | 32 Comments »
Links 7/30/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 223 Comments »
Groundhog Day in Venezuela
Nicolas Maduro “wins” presidential elections but the opposition, the US and US-aligned governments in the region refuse to accept results. Eyes are now on Brazil, Mexico and Colombia.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 60 Comments »
Let’s Abolish the Colonial IMF on Its 80th Birthday
Developing country protesters want the IMF to stop exploiting countries in debt crisis. But is BRICS prepared to fill the gap?
Topics: Africa, Banana republic, Banking industry, China, Credit markets, Free markets and their discontents, Guest Post, India, Politics, Russia
Posted by Yves Smith at 6:21 am | 4 Comments »
“Censorship to Defend Democracy”
ZOMG, VoxEU starts with the premise that censorship is of course warranted, but finds current implementations have not worked well.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Media watch, Politics, Russia
Posted by Yves Smith at 6:20 am | 25 Comments »
2:00PM Water Cooler 7/29/2024
~ Today’s Water Cooler: Politics, syndemics; Kamala’s VP search (Walz; Raimondo a dark horse); Kamala on crypto; Trump on crypto ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 109 Comments »
Ukraine End-Game: Rate-Determining Steps and the Question of Denazification
Further discussion of some of the likely complexities and stumbling blocks in Russia’s slow-motion conquest of Ukraine.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Infrastructure, Politics, Russia
Posted by Yves Smith at 9:55 am | 183 Comments »