Fifty years ago the actions of the Fed mattered. Today, as far the aggregate measures of America’s domestic economy go, they do not.
Recent Items
Thursday, April 24, 2025
James Galbraith: How the Fed Became Less Powerful Despite Weakened Congressional Oversight
Topics: Banking industry, Economic fundamentals, Federal Reserve, Free markets and their discontents, Income disparity, Macroeconomic policy, Politics
Posted by Yves Smith at 5:59 am | 22 Comments »
Bluesky: Exit, Voice, and Platform Loyalty
On some of the subtler forms of Bluesky censorship.
Topics: Guest Post, Media watch, Politics, Social values
Posted by Yves Smith at 2:00 am | 19 Comments »
2:00PM Water Cooler 1/15/2025
~ Today’s Water Cooler: Politics, syndemics; Warren v. Hegseth, Ernst v. Hegseth; Biden-installed roadblocks to Schedule F; Democrat leadership crisis; RedNote’s cat tax ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 133 Comments »
A Forgotten Farming Technique Is Making a Big Comeback – Here’s Why
How a traditional farming method, trap crops, is coming back into fashion as climate change works to the advantage of many pests.
Topics: Environment, Global warming, Guest Post, Permaculture
Posted by Yves Smith at 11:05 am | 28 Comments »
Links 1/15/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 168 Comments »
Make America Healthy Again: Is MAHA a Trope or a Movement?
A look at MAHA’s recommendations, per the Casey Means book Good Energy, and why they are an affluent-focused, neoliberal prescription.
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Permaculture, Politics, Regulations and regulators
Posted by Yves Smith at 6:48 am | 51 Comments »
U.S. Sanctions on China’s Oil Firms Are Just the Beginning Under Trump
A discussion of some moves Trump is expected to take to try to contain China, starting with energy and avoiding use of the dollar.
Topics: China, Currencies, Economic fundamentals, Energy markets, Free markets and their discontents, Globalization, Guest Post, Middle East, Politics
Posted by Yves Smith at 6:45 am | 15 Comments »
Trump’s HUD Secretary and Our Reverse Robin Hood Housing System
A Trump-Turner housing agenda appears destined to continue the worst aspects of the US approach to affordable housing.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, Real estate, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 6:29 am | 23 Comments »
2:00PM Water Cooler 1/14/2025
~ Today’s Water Cooler: Politics, Syndemics; Trump transition confirmation process; DOGE as procurement capture?; Tiktok users flee to RedNote; Boeing delivery woes ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 111 Comments »
Wanting More for BRICS Than BRICS Wants for Itself
More realistic takes on BRICS, including by Michael Hudson.
Topics: China, Credit markets, Currencies, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, India, Payment system, Politics, Russia
Posted by Yves Smith at 9:55 am | 31 Comments »
Links 1/14/2025
Topics: Guest Post, Links
Posted by Conor Gallagher at 6:55 am | 170 Comments »
Even in Switzerland’s Direct Democracy, There Is Little Room for Public Choice on Digital Identity
After two-thirds of Swiss voters rejected the government’s proposed e-ID system in 2021, a slightly revamped “Digital Passport Act (E-ID Act)” is back on the political agenda
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 13 Comments »
Is Capitalism Falling Out of Favor? We Analyzed 400,000 News Stories to Find Out
On the fundamental flaws in a study meant to assess the popularity, or lack thereof, of capitalism in the US.
Topics: Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Media watch, Politics, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:55 am | 21 Comments »
America’s Infrastructure Crisis: Covid’s Role in a Ticking Time Bomb
How falling levels of infrastructure maintenance are somewhat, perhaps significantly, due to Covid deaths and disability.
Topics: Economic fundamentals, Globalization, Guest Post, Income disparity, Infrastructure, Pandemic, Politics
Posted by Yves Smith at 3:53 am | 40 Comments »
2:00PM Water Cooler 1/13/2025
~ Today’s Water Cooler: Politics, syndemics; Trump transition: Gabbard, Hegseth; “That’s quite an act. What do you call it?” LA fires; Tintin now in the public domain ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 89 Comments »