The hypocrisy of central bank discourse on inflation and wage restraint is staggering. Inflation is always and everywhere monetary until, well … it isn't. Chartbook
To think of the wage-price relationship, what the economists call the Phillips curve, as an objective fact that you discover by statistical methods is to
Sellafield in UK contains largest stock of untreated nuclear waste on earth, including 140t of plutonium. Plant was shut down in 2003 but remains biggest
When we report record levels of inflation we are engaged in more than an accounting exercise. Statistical time series evoke history. What hangs over the
RT @laudyaron: “Encoded in prices and wages are not just the value of money relative to goods and the balance of supply and demand, but
Just dropped Chartbook #79: From Hayek to left populism – how price changes deliver an information bomb Sign up here: adamtooze.substack.com https://t.co/X2aOnNvx4G
Socialist literacy: comparative study conceived before fall of the Wall but carried out just after, found that “the average reading comprehension of East German eighth-graders
A true plan to relieve the suffering in Afghanistan needs to be economic not just humanitarian. That means facing some hard truths. David Miliband delivering
poetry had to rouse emotion and boost the hunger for victory in class warfare – @philipoltermann new book excerpted in @guardian on the Stasi poetry
Governing in Berlin has not been great for the popularity of either SPD or FDP. The greens are doing ok, though far far down from
A quarter-million metric tonnes of spent fuel rods are believed to be spread across 14 countries worldwide, mostly collected in cooling pools at closed-down nuclear
Powerful editorial on the need for action on Afghanistan in @FT ft.com/content/a98347… Pulled together some further reading in Chartbook #78 adamtooze.substack.com/p/chartbook-78… UNICEF appeal here: unicef.org/appeals/afghan…
Hayek promised that prices were highly compressed and efficient information signals. In practice, post-COVID, large scale, rapid price adjustment has delivered something more akin to
RT @P_J_Buckhaults: His Name was Dr. Li Wenliang. He was a good man. Remember him. https://t.co/qR9PUjTmQn
RT @Fighterman_FFRC: Leaked video of the F-35C crash on Carl Vinson, a classic case of ramp strike by the most advanced fielded fighter jet…
7000 deaths per day globally in recent weeks c. 2000 of them in the US and we talk as though it is over … adamtooze.substack.com/p/chartbook-77…
RT @Jderbyshire: Great to have @prospect_clark write for @ftopinion and look at living standards in the long run on.ft.com/3L9XZwV
RT @Shahinvallee: Why not raise rates and keep spread control framework? twitter.com/robinbrooksiif…
RT @MonaAli_NY_US: Afghanistan's population is facing extreme hunger. The humanitarian crisis can be eased by the U.S. releasing the $9.4 b…
I get why "cost of living crisis” causes outrage. But that is no reason for team transitory to be shamefaced. Social policy =/= macroecon. Plus
The humanitarian catastrophe engulfing Afghanistan is staggering in its scale and urgency. Western sanctions are compounding the damage done by withdrawal. Chartbook #78 adamtooze.substack.com/p/chartbook-78… https://t.co/fyZ5MGl0Kw
Afghanistan is in the grip of an escalating humanitarian disaster of epic proportions. More than half of the population is facing “extreme levels” of hunger.
RT @heimbergecon: German tabloid Bild insinuates that the ECB is responsible for expensive fuel bills. This lack of intellectual honesty ma…
RT @DanielaGabor: This is proof both that philosophers do intimidating close reading of one's work and that @nssylla doesn't blink when sum…
RT @yarbatman: A tough read from @adam_tooze, who provides a rundown of the humanitarian crisis in Afghanistan and the horrendously slow in…
RT @RupertStone83: A must-read by @adam_tooze on the disaster unfolding in Afghanistan: “Time is critical. Afghanistan’s situation now i…
RT @rajan_menon_: @adam_tooze in his latest Chartbook presents the magnitude of the disaster unfolding in post-American #Afghanistan. So wh…
The "frozen hell" of Afghanistan. Chartbook #78 just dropped. adamtooze.substack.com/p/chartbook-78… https://t.co/Fve9RPu6OZ
RT @d_khrennikova: To all those wondering if the new Gazprom deal with China can lead to lower flows to Europe: the current infrastructure…
RT @NewLeftEViews: 23 million people in Afghanistan are facing a cold winter without enough food, while Madagascar is about to be devastate…
RT @Ch_Schubert: Von Italiens Finanzpolizei lernen: Finanzminister Lindner besucht Rom. In der europäischen Haushaltspolitik bleiben die Di…
Surging energy prices force us to confront the suffering caused by inflation and our uncertain future. But a new wage-price spiral is still unlikely. Prices
Who really benefits from cryptocurrency and why the market has tumbled. The cryptocurrency market has lost some $1.1 trillion in value over recent months. On
Inflation expectation indices derived from swaps show Uk investors expecting inflation at 4% 5-years ahead. But lets not confuse this with a wage-price spiral. Real
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