Yves here. This article contends that tariffs may not be inflationary, but that does not mean that consumers will not be harmed. Tariffs will make some, perhaps many, goods more…
By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. The DOGE people in the Trump administration are considering shedding a big portion of the massive office space…
Yves here. Michael Hudson describes how if Trump delivers on his trade and immigration threats (which are also economic threats) to Mexico, Mexico will either suffer a severe economic crisis…
Yves here. Of course, one looming question regarding efficiency is efficient for whom? If we look at a private sector example, lousy insurance claims processing is efficient by lowering costs…
Trump is adept at using his willingness to be wildly inconsistent to destabilize opponents. But he is unduly fond of using blunt instruments like tariffs that he can impose unilaterally,…
Just when the long-running Kentucky Retirement Systems case against three (in)famous investment firms, KKR, Blackstone, Pimco, and critically, the top executives of KKR and Blackstone personally, was closing in on…
“In our countries, no one can walk the streets with a mask on their face,” and “yet we allow people to roam freely on the Internet without linking their profiles…
Yves here. Richard Murphy provides a useful, layperson-friendly explanation of why political bromides that treat national budgets like household ones are all wet. Please circulate widely. By Richard Murphy, part-time…
Yves here. This post is one of the few comparatively sane ones about what the left should do in light of Donald Trump’s fast and aggressive moves to implement plutocrat-friendly…
Bird Song of the Day Brown Thrasher, Finger Lakes National Forest; Dunn Road, Tompkins, New York, United States. In Case You Might Miss… Trump wants nuclear reduction talks with China,…