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Author: Charles Hugh Smith

Of Two Minds

The Banality of Evil and Those Who Said No

In the Realm of the Banality of Evil, saying yes is always easy. The hard part…

Charles Hugh SmithFebruary 8, 2026February 9, 2026
Of Two Minds

Re-Set: Reversing the Debt-Debasement Death-Spiral

The end-game of debt-debasement is already visible. The only thing that's still up in the air…

Charles Hugh SmithFebruary 5, 2026February 6, 2026
Of Two Minds

Owning Your Work in a World That Rents Your Life

This is the quiet truth of institutional work: improvement doesn't buy freedom. It buys responsibility without…

Charles Hugh SmithFebruary 3, 2026February 5, 2026
Of Two Minds

Power and Impunity

Those acting with impunity are confident that their powers or god-like because they appear so in…

Charles Hugh SmithFebruary 2, 2026February 3, 2026
Of Two Minds

The US Economy in a Nutshell: A Few Winners, Everyone Else Loses Ground

Maybe this arrangement isn't as stable and sustainable as the winners imagine.

Charles Hugh SmithJanuary 29, 2026January 30, 2026
Of Two Minds

Why the Next Recession Will Be the Catalyst for Depression

This is why a recession will catalyze a collapse of the credit-asset bubble-dependent economy down to…

Charles Hugh SmithJanuary 27, 2026January 29, 2026

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