While the programmability features of CBDCs have generated considerable alarm, it’s a very different story for the stablecoins that the US government seeks to regulate with its “GENIUS” act.
Recent Items
Friday, March 14, 2025
Stablecoins vs CBDC — US and EU Are on Different Paths to the Same Destination: Programmable Money
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | No Comments »
Leadership in the Senate: New Boss Same as the Old Boss?
Following the money shows why Republican Senate leader Mitch McConnell’s shadow will last long beyond his tenure.
Topics: Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 5:50 am | No Comments »
The Price of Monopoly and Oligopoly Power: Why Rising Markups Hurt Innovation and Widen Inequality
More evidence of the cost of monopoly and oligopoly power.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Market inefficiencies, Private equity, Regulations and regulators, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 2:43 am | No Comments »
Russian Negotiator Reiterates “Nyet” on Ceasefire Even Before US Emissary Steve Witkoff Arrives in Moscow
Russia nixes the barmy US-Ukraine peace scheme faster and more directly than expected. What next?
Topics: Doomsday scenarios, Europe, Politics, Russia
Posted by Yves Smith at 11:42 am | 67 Comments »
Links 3/13/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 169 Comments »
Business Press Suddenly and Widely Reporting Damage Done by Trump Economic Policies
As the wheels start coming off the Trump economy, the president shows no sign of changing course.
Topics: Dubious statistics, Economic fundamentals, Globalization, Income disparity, Macroeconomic policy, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 77 Comments »
Neoliberalism and a Healthy Population Are Incompatible
It can’t be said often enough that neoliberalism is unhealthy for children and other living things.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 3:03 am | 7 Comments »
Trump Tariffs Plunge Local NYC Businesses Into Uncertainty
A look at the damage being done by Trump tariffs, though the eyes of small business operators in New York City.
Topics: Economic fundamentals, Globalization, Guest Post, Politics
Posted by Yves Smith at 1:38 am | 21 Comments »
So Much for Trump’s Peace Deal with Russia: US Backs Zelensky with Pre-Rejected-by-Russia Ceasefire Scheme
After the (arguably deserved) humiliation of Zelensky after an Oval Office row, the negotiation plan agreed in Jeddah is a big win for him
Topics: Doomsday scenarios, Politics, Russia
Posted by Yves Smith at 10:55 am | 142 Comments »
Links 3/12/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 173 Comments »
Politico-Scientific Responses to the Current Pandemic: An Update Based on a Retrospective by Anthony Fauci and Gregory Folkers
Anthony Fauci and Gregory Folkers take a stab at delineating what HIV/AIDS and COVID-19 have taught us about pandemic responses
Topics: Guest Post, Health care, Pandemic, Politics, Social values
Posted by KLG at 6:54 am | 26 Comments »
The Perceived Costs of Business Cycles and Inflation
Quelle surprise! People really hate the uncertainty that comes with business cycles. This bodes ill for the Trump regime.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:50 am | 11 Comments »
Trump’s Address to Congress, Lame Democrat Proposals, Highlight the Absence of Opposition
On the total flaccidity of what passes for opposition to Trump.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 4:44 am | 25 Comments »
Coffee Break: Armed Madhouse – The Rise of the Drones
Our warfare-focused Coffee Break: Drone technology’s dramatic impact on current warfare, its rapid evolution, and the danger of its unrestricted development
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 50 Comments »
Labour Is Becoming the Enemy of the Vulnerable and the Disabled
Labour goes all in for cutting social spending, first for the disabled, almost certainly with the excuse that it’s needed to fund rearming.
Topics: Banana republic, Dubious statistics, Free markets and their discontents, Guest Post, Health care, Income disparity, Macroeconomic policy, Politics, Social policy, Social values, UK
Posted by Yves Smith at 9:55 am | 30 Comments »