China has been setting up currency swap lines with many countries. But is this an idea that is ahead of its time?
Recent Items
Tuesday, October 28, 2025
How China Is Offering an Alternative to the IMF
Topics: China, Currencies, Doomsday scenarios, Economic fundamentals, Globalization, Guest Post, Japan, Politics
Posted by Yves Smith at 5:45 am | 14 Comments »
Daunte Wright’s Killing Makes the Case for Shrinking Police Budgets
The failure to rein in police shootings of people of color is leading to new calls to defund the police. Top Dems remains silent.
Topics: Banana republic, Guest Post, Income disparity, Politics, Social policy
Posted by Yves Smith at 11:57 pm | 110 Comments »
2:00PM Water Cooler 4/15/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 84 Comments »
Inflation in the Aftermath of Wars and Pandemics
Challenging the conventional wisdom that government responses to Covid will generate inflation.
Topics: Credit markets, Economic fundamentals, Guest Post, Investment outlook, Macroeconomic policy, Pandemic, The dismal science
Posted by Yves Smith at 9:55 am | 22 Comments »
Links 4/15/2021
Topics: Links
Posted by Yves Smith at 6:58 am | 139 Comments »
Michael Hudson: America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
Further discussion of the American and Chinese economic models, focusing on financialization as a central distinction.
Topics: China, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:54 am | 72 Comments »
Pricey Learning Pods Are Now Helping Vulnerable Students. Will the Trend Survive the Pandemic?
A case study of the “innovation” of learning pods, and why they are being promoted as an alternative to remote instruction.
Topics: Banana republic, Guest Post, Income disparity, Pandemic, Politics, Privatization, The destruction of the middle class
Posted by Yves Smith at 6:50 am | 5 Comments »
Whither AOC?
Trying to make sense of AOC’s gambit of giving $160,000 at $5,000 a pop to Dem Congresscritters who mainly hate her.
Topics: Banana republic, Guest Post, Income disparity, Politics
Posted by Yves Smith at 6:01 am | 66 Comments »
2:00PM Water Cooler 4/14/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 92 Comments »
Experts Lay Out Their Case Against Carbon Pricing
Climate change policy advocates have turned against market approcaches like carbon offsets, which have clearly failed. But what next?
Topics: Doomsday scenarios, Dubious statistics, Environment, Free markets and their discontents, Global warming, Guest Post, Politics, Taxes
Posted by Yves Smith at 9:55 am | 39 Comments »
Links 4/14/2021
Topics: Links
Posted by Lambert Strether at 6:58 am | 153 Comments »
Why Work at Home Is Not Likely to Thrive After the Covid Era
Despite its popularity, expect work at home to be reined in when we reach life after Covid.
Topics: Corporate governance, Pandemic, The destruction of the middle class
Posted by Yves Smith at 6:23 am | 99 Comments »
Slaughter Central: The United States as a Mass-Killing Machine
Puttig some metrics on America’s dedicated killing devices, from guns to armaments.
Topics: Banana republic, Doomsday scenarios, Guest Post, Middle East, Politics, Social values
Posted by Yves Smith at 6:15 am | 25 Comments »
Lessons from the First New Deal for the Next One
Whether it is called “Build Back Better” or a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”
Topics: Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Income disparity, Macroeconomic policy, Politics, Social policy, Species loss, The destruction of the middle class
Posted by Yves Smith at 1:13 am | 12 Comments »
2:00PM Water Cooler 4/13/2021
By Lambert Strether of Corrente. Bird Song of the Day Another shore-bird. Quite the wave-form. * * * #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. I feel I’m engaging in a macabre form of tape-watching. Vaccination by region: South […]
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 101 Comments »


