How Trade Fragmentation Affects Bank Credit Supply | naked capitalism
Yves here. This article discusses how the effort to move away from the dollar in trade has knock-on effects to bank behavior, in particularly lower supply of credit and therefore…
NY Times Is Wrong on Dedollarization: Economist Michael Hudson Debunks Paul Krugman’s Dollar Defense | naked capitalism
Yves here. I have to confess to not being at all keen about the discussion of dedollarization. It seems most commentators are adopting one of two positions, either defending the…
What We Owe the Future: A Million-Year View, or How to Look at the World from the Philosophical High Ground | naked capitalism
By KLG, who has held research and academic positions in three US medical schools since 1995 and is currently Professor of Biochemistry and Associate Dean. He has performed and directed…
We Can Use AI in the Economy but Only If We Are Willing To Tax Capital More Heavily | naked capitalism
Yves here. While it’s good to see discussion of how to mitigate the employment effect of greater use of AI and what to do to mitigate it, I am bothered…
The U.S. Needs To Double The Size Of Its Energy Grid | naked capitalism
Yves here. Green energy advocates have sometimes acknowledged that the US electrical grid needs to be upgraded. I have not seen that discussion normally including an admission that the grid…
Mass Incarceration’s Impact on US Life Expectancy | naked capitalism
Yves here. Highly unequal societies have lower life expectancy, even for high income cohorts, compared to the top wealthy in more equal countries. But the life span costs are more…
2:00PM Water Cooler 5/8/2023 | naked capitalism
By Lambert Strether of Corrente. Patient readers, I am finishing up a post on Mass General’s Kafka-esque and brutally stupid new masking policy, where patients are not allowed to ask…
Opinion | How Biden Can Call the G.O.P.’s Bluff on Debt and Protect the Economy
The deadline for a debt ceiling hike is only weeks away, with Treasury Secretary Janet Yellen saying the U.S. could run out of money to pay its debts by June…
Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, Even for April | naked capitalism
Yves here. I have not checked the state of the rental market, since Birmingham routinely has high rent relative to purchase prices. That may be a big reason the housing…
EU Commission’s Flagship Annual Economic Event Just Showed How Little Public Appetite There Is for Cashless Economy | naked capitalism
Even at the very heart of the EU’s political establishment, a majority of people believe that a cashless society would not be beneficial for the general public or the economy.…