Friday, September 26, 2025

What Slowdown? Q2 GDP Growth Revised Up to Hot Zone of 3.8%, Stronger Consumer Spending & Private Fixed Investment

The second upward revision of GDP is a headscratcher in light of other data and on the ground reports. Can readers help make sense of this?

Links 9/26/2025

Washington’s Debt Trap Diplomacy and Election Meddling in Argentina

This unprecedented decision by the Trump administration to bail out Argentina directly has more to do with geopolitical considerations than economic ones.

Trump Again Applies His Tariff Wrecking Ball to US Citizens and Businesses with 100% Levy on Imported Patented Drugs, 25% on Imported Trucks, 30% to 50% on Furnishings

Trump is again deploying his tariff weapon, mainly at hapless American patients and consumers….and Indian drugmakers.

Masters and Minions and Muppets, Oh My!

Time for muppets to develop class consciousness and unite.

From Al-Qaeda to Antifa: “Phantom Terror” Turned Inward and the Rise of a New State

Politics begins by naming an enemy; the state depends on it. Calling Antifa “terrorist” could be the tool to redefine both politics and power

Naked Capitalism Fundraiser 2025: Finding High Ground as the Tsunami Rolls In

Fundraiser 2025 begins! Help make it our best ever!

Fundraiser 2025: What We Did for You in the Past Year

It may sound immodest, but we really did rise to the occasion of the 2025 madness. Support this fundraiser so we can do even more in 2026!

AI Will Soon Have a Say in Approving or Denying Medicare Treatments

The Trump Administration plans to launch a new war against citizens, here via a pilot scheme to use AI to cut Medicare services.

Links 9/25/2025

Satyajit Das: Stablecoins – Invention Looking For A Problem?

Satyajit Das sets forth the very strong case against stablecoin.

NATO Might Try to Down Russian Jets on The False Pretext That They Violated Its Airspace

Why some European members of NATO might attempt the reckless escalation of attacking Russian military assets.

How the First Amendment Protects Americans’ Speech − and How It Does Not

A law professor gives an overview of the extent of and limits on First Amendment rights.

Coffee Break: Palantir, Peter Thiel, Alex Karp, and the Antichrist

Palantir co-founders Peter Thiel and Alex Karp almost embody the zeitgeist of 2025 with Palantir’s use of AI for ICE and the IDF, their Trump affiliations, and their outspoken views on the Antichrist and “Western Civilization.”

Wall Street’s Deregulation Agenda Will Cost Everyday Americans Everything

Trump administration financial deregulation, eliminating services and eviscerating oversight and enforcement, sets people up for harm