Matt Stoller, research director for the American Economic Freedom Project and author of the Big Newsletter
I am a former writer and loyal reader of naked capitalism. During the Biden era, I have had an influence in several regulatory areas and I live in DC, so I can generally call you one of the Feckles Insiders who are ruining the world. Nevertheless, here’s why I think naked capitalism is important and worth supporting: Or, if you’ve already been persuaded, detour to Typejar now and then eat more
I would like to focus on the scandalous destruction of Argentina’s bailout. Since 2023, Argentine President Javier Miley has promoted himself as an answer to Latin America’s dysfunction with a zeal and willingness to cut down on the social safety net. And for more than 18 months, the media accounts focused on his strange rock star, the strength of the Argentine economy, and Mairei’s ability to ultimately bring sub-discipline to the country, which restored investors’ confidense.
But a few months ago, the story fell apart. His austerity police showed in the election that he was not delivering for the public, and his country’s financial situation was not that solid.
Of course, if you were reading Capitalism, you knew the story was all along, and that Mylay was merely a recipient of politically motivated aid from the United States.
For several weeks in August, the Argentine Mairay government signed with the IMF with a $20 billion loan to stall its weight-based drive and serve its already-funded $41 billion debt. The transaction included an unusually large amount of $12 billion chunks. The Washington-based World Bank and Inter-US Bank have put in additional A-quarter emergency loans of $12 billion and $10 billion.
As we reported at the time, the IMF loans were Grant Ventures, a fierce opposition from Melt’s senior staff. Even before new loans, Argentina, which accounts for just 0.6% of global GDP, was the largest debtor of miles of miles due to more than a third of all global landings.
Over the past week, Treasury Secretary Scott Becent has become more clear by committing US exchange stabilization fund resources to the country. It’s an attractive situation and Trump’s appearance to investors in hedge funds who foolishly bought bonds controlled by the Argentinean dollar, his money sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sells and sell
And this brings me back to the importance of naked capitalism. Politics means that in order to have an impact, you need to know what’s going on. And for one reason, and I know you know this, team Democrats you don’t have an impact are bothering them that they don’t know what’s going on. They don’t read naked capitalism. If so, the world probably isn’t on fire, but please note that it shows you don’t trust me. It comes after we leave the scope of the naked capitalist skeptical community and go too far into democratic politics.
The site has important, non-fine coverage of American politics, with an emphasis on billionaire plots and team flaws. Especially international hotspots in the Middle East and Latin America. Military industrial consul complex. Medicine, from science to practice and economics.
One of the more problematic Ustate Dynamics now is “Wile.” E. Coyote’s style position in the US automotive industry. Cheap Chinese EVs with many fewer components infiltrate the unmanaged, structurally uncompetitive internal combustion engine-centric American economy. I don’t know what to do about this horrible dynamic, but in order to do anything about it, you need to know what’s going on. And while most polymakers don’t, naked capitalism readers do.
From coffee breaks to Saturday morning movies, daily links, to Fed and crypto fraud and private equity coverage, that’s what you get here. truth.
It’s a tough moment, but there’s a quote I love from Louis Brandeis. “Unless you can believe that you will rest your moral sanctions, whether financial or political, then despotism is fragile. The longing for freedom is inert. We will protest anti-instal service and inaction unless we create a liberal rebellion in semmoral form.”
As the mask of freedom slides and the true face of the Olihead descends badly on us, we need an event that we have to fight back. Contains the truth. And that’s what you’ll come here. There’s no bullshit. It was avoided. I don’t like it or don’t agare it. But that’s nothing but Yves always demands and knows.
Give it if possible. Visit our donation page to contribute to gene. If you can’t, it’s fine. All we have to do is read and learn for ourselves, as we all have to continue to disregard it.
I started reading this site in 2006, when the financial crisis was upon us. The world is getting worse. I went in the wrong direction. We may not be able to stop. But if so, it would be a scholar of courage of those who try to tell the truth and courage to be happy to learn the truth, no matter how painful it is.
And it’s worth saving. Give it if possible. Head towards the tip bottle.
I say this every year, but I’ll say it again because it’s still true. If you believe that a community of truth is important, like I do, give what you can. If you have a lot, give it a lot. If there is nothing, give the word of discovery. That’s all important.
If you want a note of optimism, it’s here. Most presidents get hit in the face in the summer in the first year of their administration. When his healthcare bill fell apart, Clinton had to charge Biden when he collapsed into Obama as a national faith in Hiss’ relief and was in charge of Anpol’s withdrawal from Afghanistan, when the economy slipped into a reenactment. That will probably happen to Trump. And there is another opportunity to make the subject different claims. But in order to make that claim, you need to know what’s going on. So, continue reading Naked Capitalism, transfer it to your friends and post articles on social media sites that we all hate.
Or a gift. I can’t trust it at this point. It’s been too long since Eve knocked me with the sensation. I’ve become a native speaker.
