Why Public Policy’s Core Value Should Be Equality
Humans have a strong, evolution-based desire for fairness and equality, yet they are more and more neglected in policy design.
Read more...Author Archives: Yves Smith
Links 5/20/2026
Iran War: US Experts and Iran Still Expect Major Attack; Wall Street Journal Debunks Trump Claim of Gulf State Intervention; Bond Rout Intensifies
Today’s Iran war update: The US still looks to be planning to resume the war against Iran even as the bond market rout intensifies.
Read more...Michael Hudson Warns: Imminent Economic Catastrophe – War, Oil Crisis & Bond Market Panic
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
Read more...Are People Just “Lower-Value Human Capital”?
In case you did not get the memo, human capital is now officially inferior.
Read more...Links 5/19/2026
Iran War: Trump’s Latest TACO on Iran Strike Pits Gulf States Against Israel; Bond Market Tremors Add to Hard-to-Deny Signs of Economic Stress
Today’s Iran war update: Has seemingly irresistible force Israel met immovable objects in the form of Gulf states and the bond markets?
Read more...Seasonal Patterns That Farmers Trusted for Generations Have Suddenly Turned Unpredictable
Intense rains, extreme heat, and unstoppable pests are wiping out crops and farmers’ livelihoods as climate change scrambles the weather.
Read more...Macroeconomics of Tariffs with Global Production and Finance Networks
A new model that incorporates more real world factors than standard approaches finds that tariffs can do more damage than previously thought.
Read more...Iran War: Trumps Makes New Threat as Buildup Continues; Middle East Data Centers, Key to US Military, at Risk; More Recognition of Risk of Shortages Like Impact of Scarce Diesel
Today’s Iran war update: Trump again bares his teeth and makes escalatory moves as the global economy starts to bleed out.
Read more...Breaking: Ukraine Fires Hundreds of Drones at Moscow
Zelensky tries to show some muscle in a large drone attack on Moscow. Will Putin finally drop the hammer?
Read more...Iran War: More Speculation that US Will Restart War, Along with Possible UAE Operation Against Key Iran Island, Big Explosion at Israel Weapons Factory; Yet More on Imminent Real Economy Damage
Today’s Iran war news: Rumors on Trump to decide on restarting war, possible UAE action, Israel explosion, plus info on real economy damage
Read more...Links 5/16/2026
Iran War: Economic Pressures Rise and Bond Market Jitters Increase as Gulf States Rebel, Constraining Trump Even More
Today’s Iran war news: Trump faces actual or incipient revolts from bond investors and Gulf States, with shortages also becoming visible.
Read more...Michael Hudson: US Designs on Iran and the Trump-Xi Summit
With Iranian journalist Ali Alizadeh, Michael Hudson debunks White House spin on the Trump-Xi talk and gives a historical view of the war
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