Unlike digital forms of payment, cash does not crash.
Recent Items
Monday, October 7, 2024
UK Citizens Just Got a Brief Foretaste of the Inherent Fragility of a Cashless Economy
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 39 Comments »
Wealth of US Billionaires Hits $5.5 Trillion—Up 88% Since Pandemic Hit
Even though the rich are predictably getting richer even in the Covid era, the picture is worse when you look at billionaires.
Topics: Free markets and their discontents, Guest Post, Income disparity, Investment outlook
Posted by Yves Smith at 3:43 am | 42 Comments »
Introduction to Swing States in the Presidential Election of 2024 (General Survey)
It’s swing voters from the swingiest states, like Arizona, Georgia, and Wisconsin, who will really matter.
Topics: Guest Post, Politics
Posted by Lambert Strether at 4:25 pm | 34 Comments »
2:00PM Water Cooler 3/18/2024
~ Today’s Water Cooler: Politics, pandemic news, Boeing, Keith Richards (and Trump’s surety bond). ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 73 Comments »
Links 3/18/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 218 Comments »
Experts: Negotiating Big Pharma’s Prices Won’t Stifle Innovation—They Don’t Use the Money to Innovate!
Physician-scientist Fred Ledley and economist William Lazonick debunk Big Pharma arguments against Medicare drug price negotiation
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:02 am | 15 Comments »
Minneapolis Council Overrides Mayor’s Veto of Uber and Lyft Minimum Rates
“Essential” workers are cross-sectoral organizing across Minnesota and scoring victories.
Topics: Corporate governance, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Conor Gallagher at 5:00 am | 10 Comments »
“We Need a Plan for the Transition to Renewable Energy”
Radical societal transformation is inevitable; a plan for renewable energy could make a difference between catastrophe and progress.
Topics: Auto industry, Doomsday scenarios, Economic fundamentals, Energy markets, Global warming, Guest Post, Income disparity, Permaculture, Politics, Technology and innovation
Posted by Yves Smith at 1:32 am | 81 Comments »
Links 3/17/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 150 Comments »
Collapse on the EU Home Front
Germany continues to self-destruct, more austerity planned for EU, Ursula von der Leyen’s “tools” are sharpened to deal with prole backlash.
Topics: Corporate governance, Economic fundamentals, Energy markets, Europe, Guest Post, Politics, Privatization, Russia, Social policy, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 74 Comments »
Why Are Their Lordships So Frightened of Modern Monetary Theory?
Efforts are underway to discredit modern monetary theory in the UK.
Topics: Corporate governance, Guest Post, Macroeconomic policy, The dismal science, UK
Posted by Conor Gallagher at 5:00 am | 115 Comments »
Links 3/16/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 262 Comments »
What Is China’s Future? Economic Decline, or the Next Industrial Revolution?
China has become economically wobbly of late. What does that portend?
Topics: China, Economic fundamentals, Europe, Globalization, Guest Post
Posted by Yves Smith at 6:57 am | 85 Comments »
New Evidence the German Taurus Attack Plan Was Leaked by the US Air Force
Yves here. It’s quite a big claim that members of the US military would leak a recording of German generals scheming to strike Russia with Taurus missiles to Russia. But then again, given that the US blew up the NordStream pipeline, it’s not as if the US regards Germany as anything other that a state […]
Topics: Europe, Guest Post, Media watch, Politics, Russia
Posted by Yves Smith at 6:51 am | 27 Comments »
2:00PM Water Cooler 3/15/2024
~ Today’s Water Cooler: Politics, pandemics, Boeing, Berlin techno, media assault on Long Covid ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 80 Comments »