Money Creation Does Not Cause Inflation
An apparently needed debunking of well-disproven theories that assert that money supply growth generates inflation.
Read more...Author Archives: Yves Smith
Iran War: Saudi Transits Out of Strait of Hormuz Up Markedly But Diesel Crunch Acute as US Weighs Export Ban
Today’s Iran war news: More oil is exiting the Gulf than before, but diesel and food supplies are in a global crunch.
Read more...Professor Michael Hudson interview with Lena Petrova on BRICS and the Global Economy
Michael Hudson discusses BRICS, the posture of India, the energy crisis and the evolution to a new monetary order.
Read more...How the American Revolt Against Flock Cameras Mirrors the Boston Tea Party of 1773
Flock camera interventions illustrate that one man’s terrorist is another man’s freedom fighter.
Read more...Review: A Vision of a Future Where Machines Fight Wars
Former Defense official Frank Kendall envisions wars where vehicles and weapons operate largely on their own.
Read more...Iran War: Europe Oil and US Diesel Crunch Worsens; Tucker Exposes Massive Trump/Israel Bombing Campaign Right After Midterms; Experts Question Survival of Regimes in Saudi Arabia, Jordan
Today’s Iran war news: Things look more and more desperate for key actors: Trump, the Saudis, Jordan, and hapless energy consumers.
Read more...10 Ways Climate-Change-Altered Hurricanes May Come To Bite Us
What happens if sea level rise, hurricane wind strength, or other factors turn out worse than expected?
Read more...How South Korea Is Tackling Its Super‑Aging Problem – And What Other Aging Nations Can Learn From Its Experience
Aging societies should be seen as desirable by lowering resource demands. Some countries like South Korea seek to manage the economic shift.
Read more...Links 9/15/2026
Iran War: Ansar Allah Strikes Yanbu Port as Rising Energy Prices Help Push 10 Year Treasury Yields Over 5%
Today’s Iran war news: Ansar Allah makes biggest Saudi attack so far, hitting the Yanbu port and a key refinery as 10 year Treasury yields top 5%
Read more...Michael Hudson and Radhika Desai: Why Keynes’ Proposals for a New Currency Order Are the Only Realistic Path to Durable and Stable De-Dollarization
Hudson and Desai revisit Keynes’ original Bretton Woods currency proposal, built on balance, capital controls, and writing off bad debts
Read more...The Meltdown in Employer-Sponsored Health Insurance
Like many of the foundations of US middle-class life, employer-sponsored health insurance is breaking down, likely faster than you realize
Read more...Iran War: Saudi Pipeline Out for at Least a Month, Further Stressing Energy Supplies; Trump + Israel Readying Post-Midterms Big Attack? Iran Weighing NPT Exit
Today’s Iran war news: After Ansar Allah attacks, Saudis seem in denial about the weakness of their position.
Read more...Links 9/12/2026
Africa’s Great Lakes: The Perpetual Violence Machine
Why the war in Africa’s Great Lakes is entering its fourth decade and may never end.
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