An update on DOGE’s rampage through government functions.
Recent Items
Wednesday, April 16, 2025
More on DOGE’s Fraud and Destruction
Topics: Banana republic, Dubious statistics, Free markets and their discontents, Income disparity, Politics, Privatization, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 10:34 am | 22 Comments »
Links 4/16/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 99 Comments »
Embracing Climate Change to Hurt China
The U.S. goes all in on the burn-it-all-down strategy.
Topics: China, Doomsday scenarios, Environment, Europe, Global warming, Globalization, Guest Post
Posted by Conor Gallagher at 6:00 am | 16 Comments »
Tariffs and Trade Wars: Failing to Learn from the Great Depression
A detailed discussion of the damage done by Smoot Hawley to illustrate why tariffs typically do more harm than good
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post
Posted by Yves Smith at 5:55 am | 9 Comments »
Who Will Pay the Highest Price for Trump’s Postal Service Privatization Push?
“Without competition from our public Postal Service, for-profit firms would jack up delivery fees on as many customers as possible.”
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Privatization, The destruction of the middle class
Posted by Yves Smith at 3:11 am | 14 Comments »
Coffee Break: Armed Madhouse – Space War
Our warfare focused Coffee Break: the dangers of militarizing space
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 32 Comments »
7 Truths About Trump’s Tariffs — And the High-Stakes Future They Shape
What is Trump trying to achieve on the economic front? Despite all the bobbing and weaving, he does have some core aims.
Topics: Banana republic, Currencies, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 42 Comments »
Links 4/15/2025
Topics: Links
Posted by Yves Smith at 6:58 am | 143 Comments »
Quelle Surprise: Three Days After Milei Signs Another Unpayable IMF Bailout, US Treasury Secretary Pays Argentina a Call
The US has one clear goal in sight: to get Argentina to sever its ties with China, particularly by terminating a long-standing currency swap agreement
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 11 Comments »
Here’s What’s in the New Rough Draft U.S.-Iran Nuclear Deal
A purported list of proposed US terms for its negotiations with Iran looks to go well beyond what Iran could accept.
Topics: Doomsday scenarios, Guest Post, Middle East, Politics
Posted by Yves Smith at 5:55 am | 3 Comments »
Keynesian Militarism or Wishful Thinking?
European NATO members hope Keynes’ magic will make their newly adopted militarism feasible. A sanity check.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Europe, Guest Post, Macroeconomic policy, Politics, Russia, The dismal science, UK
Posted by Yves Smith at 5:50 am | 20 Comments »
Coffee Break – Across the Pond : Lights Out Edition
Democracy is dying in Europe as governments become more authoritarian and a new cold war comes into being.
Topics: Banana republic, Coffee Break, Europe, Guest Post, Politics
Posted by Kevin Kirk at 2:00 pm | 41 Comments »
Michael Hudson: Return of the Robber Barons – Trump’s Inverted View of America’s Tariff History
Trump’s slash and burn tariff policy is to shrink government, gut regulation and sell off public assets to pay for his tax cuts on super rich
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Infrastructure, Politics, Privatization, Regulations and regulators, Social policy, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 57 Comments »
Links 4/14/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 95 Comments »
Pulling the Rug Out from Under China’s Clean Tech Strategy
China went all in on clean energy technology in recent years, but the economic war by the West and other developments now pose challenges to that gamble.
Topics: China, Doomsday scenarios, Environment, Global warming, Globalization, Guest Post, Middle East
Posted by Conor Gallagher at 6:00 am | 25 Comments »