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… contains the seed of a good idea but his version is an inequitable mess That’s the headline for my latest piece in the Guardian , over the fold It is always disappointing when an important, and potentially transformational, policy idea is introduced in a form that almost certainly guarantees its rejection. That’s even more […]

Exasperated, I once said to a friend: “You can’t behave like you’re right all the time!”. She looked confused. “How else am I supposed to act?” she said. Strange attractors It’s unlikely that I’m correct on everything: even more unlikely when I’m in a minority. I don’t like music, much. But so many other people […]

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]

The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.

A potential new Cold War is being framed as a good-versus-evil conflict, but it is a rivalry driven by commercial and military competition between heavily-armed superpowers. read now...

Bruce Caldwell has spent the last several decades investigating the nuances of the life and legacy of this great mind. In this episode he shares some of the key insights he has learned along the way, what is often misunderstood, and what Hayek can still teach us as we confront today's social challenges.

The Albanese Government’s complicity in joining with Britain and the United States in a tripartite build of a nuclear submarine for Australia under the AUKUS arrangements represents the worst international decision by an Australian Labor government since the former Labor leader, Billy Hughes, sought to introduce conscription to augment Australian forces in World War One. Continue reading »

A judge has ruled in favour of a controversial water drilling project on the Gold Coast that will further impact the local environment. read now...

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Boris Epshteyn has risen to the role of top “legal” adviser “He’s a killer”. He also seems to be corrupt. Shocking, I know: Boris Epshteyn has had his phone seized by federal agents investigating former President Donald J. Trump’s efforts to remain in power after his election loss. Lacking any track record as a political strategist, he has made more than $1.1 million in the past two years for providing advice to the campaigns of Republican candidates, many of whom believed he could be a conduit to Mr. Trump. A cryptocurrency fund with which he is involved has drawn scrutiny from federal prosecutors. And he has twice been arrested over personal altercations, leading in one case to an agreement to attend anger management classes and in another to a guilty plea for disorderly conduct. As the former president faces escalating legal peril in the midst of another run for the White House, Mr. Epshteyn, people who deal with him say, mirrors in many ways Mr. Trump’s defining traits: combative, obsessed with loyalty, transactional, entangled in investigations and eager to make money from his position. Mr.

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Pathetic lack of vision exposes Labour’s lack of substance The absolute lack of vision, backbone and political imagination of Keir Starmer’s Labour has been exposed yet again, after some details of tomorrow’s budget were leaked to the media. Jeremy Hunt’s budget looks set to be the usual Tory vapour and spin – but still more […]

Following lobbying efforts, the Federal Reserve exempted Silicon Valley Bank’s venture capital investments from a key risk management rule.