The Fed, Congress, and the President: The Constitutional Authority to Make Money
The struggle over the Fed is a constitutional conflict: in a representative system, the power over money belongs to the legislature
Read more...Author Archives: Yves Smith
Iran War: Trump Threatens to Destroy Iran in 4 Hours This Evening if No Capitulation; US/Israel Again Attack South Pars Gas Field
Today’s Iran war news: Trump has committed to a deadline and demands, which Iran is rejecting, Iran has vowed to match his threat of apocalyptic damage.
Read more...As Rocket Launches Increase, They May Be Polluting the Skies
Research suggests that rocket exhaust and debris could be threatening the ozone layer, though uncertainties persist.
Read more...Zero-Waste Community Kitchens Turn Scraps into Flavor-Packed Dishes
On community restaurants that practice and teach food sustainability through optimal cooking to reduce waste and improve health.
Read more...Iran War: Trump Makes Even More Unhinged Threat as Details of F-15 Pilot Rescue Point to Much Bigger Plan, Say to Seize Enriched Uranium; Trump Legitimacy Crisis Grows as Battered Gulf States Pull Back on US Investment, Particularly AI
Today’s Iran war news: Trump goes even more crazy as the F-15 rescue looks more like the tip of the iceberg of a big botched mission.
Read more...Iran War: Trump Doubles Down on “Reign Hell” April 6 Threat, Also Reports F-15 Officer Rescued; US Strike on Bushehr Nuclear Plant Breaches Protection Circuit; Multiple Interconnected Supply Crises Baked in Within Weeks; UPDATE Iran Claims Two More US Planes Downed
Today’s Iran war news: Trump reiterates his dangerous escalation threat as the real economy Titanic is about to hit the iceberg.
Read more...Links 4/4/2026
<.a>Iran War: Disaster in Iran as Multiple Aircraft Downed, Pilot Missing; Iran Pounds Israel Hard After Trump Asks for 48 Hour Ceasefire; Concerns in Military and Congress Over Purge of Reality-Grounded Officers
Today’s Iran war update: aircraft downed and at least one pilot missing in Iran follows a Saturday Night Massacre-style military purge
Read more...Prediction Markets Make a Bet Against Public Health
Online prediction markets evade safeguards against gambling and risk normalizing addictive behaviors.
Read more...What’s Cheaper: Fueling Your Car With Gas or Electricity?
A comparison on EV charging expenses state by state in the US. Any similar data in other countries based on recent electricity costs?
Read more...Iran War: US Continues Escalation by Striking Iran Bridge, Opening Way for Iran Destruction of Critical Links; Iran Moving to Attack Economic Targets
Today’s Iran war update: The US continues its escalation with a strike on Iran’s biggest bridge even as Mr. Market starts a belated protest.
Read more...AI’s Fluency in Other Languages Hides a Western Worldview That Can Mislead Users
Quelle surprise! AI, as in LLMs trained on English data sets, are not so hot when faced with non-Western cultural issues.
Read more...Will Trump’s Idiotic Iran War Spell the End of NATO?
Trump attacked on Iran with no consultation with NATO allies, doing them great harm, yet angrily demands help. Who wants an ally like that?
Read more...Iran War: Iran Pounds Israel with Huge Missile Barrage Just Before Trump’s Unhinged Speech Doubling Down on Failed Escalation; US Greatly Exposed to Shock as Inventories Depleted During April
Today’s Iran War update: Trump doubles down on failure as investors and pundits wake up to the economic consequences of Iran’s victory.
Read more...Satyajit Das: The Wages of War
War is not only bad for living things, but is also not-so-hot for economies and of course, societies.
Read more...