A US Army Chinook helicopter flight engineer sits on the ramp during a training exercise at Bagram Airfield, Afghanistan © US AIr Force/Tech Sgt Gregory
"Each moment in history has its own “structure of feeling”, as the Raymond Williams put it. I try to imagine that shift in feeling, but
@HawkeyeSoames @NathanTankus Sorry. I know. Not in my name in 2003. Was out of characters 🙁
As the Taliban establish their grip on power in Kabul, the question of finances rears its head. This matters so much, because the Afghan state has, in the recent past, been heavily dependent on foreign aid. The aid pays not just for government spending. Even more importantly it pays Afghanistan’s import bill.
Foreign exchange & the central bank reserves
Covering the import bill is more urgent, because with enough men with guns behind it, a state can tax its population and solve the problem of state finance. The Afghan Army is currently paid for largely by foreign donors. We do not doubt that the Taliban will find ways of maintaining its fighting force in being. It cannot use those same method to pay for foreign imports. And Afghanistan has an appetite for imports far in excess of what its exports pay for.
@RassBariaw Oh I admire him hugely. But it does rather confirm the point commonly made about the MIT "new Keynesians".
@georgeeaton @NathanTankus Not too much sign of that in the Pentagon budget so far, is there?
@CantillonRuurd @NathanTankus Folks like Snowden in the interwar British Labour Party certainly didn’t think so. The gold standard wasn’t just a discipline on socialists! Militarists
@MarkVinPaul @NathanTankus @StephanieKelton @JWMason1 But the horrible thing is that we have mechanisms for collective active for war. But we don’t for green action ->
@NathanTankus @MarkVinPaul @StephanieKelton @JWMason1 It should be on productivity, wellbeing, inequality and inequalities of power i.e military-industrial complex.
Its telling that WWII (the good war) taught us functional finance. But when it came to criticizing TEERRIBLE Wars on Terror, the left reverts to
The problem with trillions of spending on War on Terror is NOT that we couldn’t "afford it", or that it “crowded out" other things, but
@NathanTankus @tamaranopper PRECISELY
@NathanTankus @StephanieKelton @JWMason1 PHEW … truly Nathan I cant tell you what a relief that is. I have been suffering from some serious cognitive dissonance.
Reading critical accounts of the money spent on War on Terror e.g. Stiglitz and Bilmes I am torn. I want to agree politically, but economic
RT @acambridgediary: It's clear that most people would like to see a photograph from the King's College Meadow Harvest for August in the #2…
RT @ClimateBen: Media never explain a basic reality: we're heading for >450 ppm of atmospheric CO2 and horrific 1.5°C-2°C of global warming…
@70sBachchan That’s what I had in mind. There is a good Hannah Arendt line about this in Eichmann in Jerusalem.
RT @clarissaward: Soldiers by the runway at Kabul airport tell me that there are 10,000 people here processed and ready to go… but nowhere…
RT @policytensor: Latour and Schmitt, America and China, war and diplomacy in this extraordinary meditation by @adam_tooze. https://t.co/JD…
@dkedrosky @genedide Milward was my PhD supervisor. He did see early drafts of the Wages argument and, unusually for him, actually gave his approval 😉
Been called a few things, but “puck of discourse” may take the biscuit. twitter.com/cityatlas/stat…
@MatthiasBuck4 Oh I completely agree re WWII. In fact, Cold War is FAR better analogy for the necessary effort level than WWII. We need is
@genedide @dkedrosky Make that Alan Milward 😉 en.wikipedia.org/wiki/Alan_Milw…
RT @pseudoerasmus: (2) The chart above tells you, in an instant, that the level of agricultural productivity in Japan was probably not high…
RT @nicolas_veron: "China's most remarkable achievement during the past three decades [is having made] low-income groups far better off in…
RT @JeremyCliffe: This helps show why SPD overtaking Greens could change 🇩🇪 election dynamics: Scholz may stand a better chance of winning…
RT @COdendahl: Striking detail: voters of the #FDP (!) want Scholz rather than #Laschet. Even among CDU-voters, Scholz is a close second. h…
RT @NenaDarling: Hey, it could have happened to anyone 🤷🏽♀️🤷🏽♀️🤷🏽♀️ ——- Merkel phone rings during meeting with Putin https://t.co/lJHEHF…
RT @x_delcourt: Un état des lieux des informations disponibles sur les finances de l'Afghanistan à l'heure talibane. https://t.co/Wjiigvn1…
"Unlike people living in years before WWI, we won’t be sandbagged by catastrophe. With its atmosphere of dread foreboding, our time more resembles the years
Afghanistan’s trade deficit in 2020 was $5.69 billion. Its GDP in the same year was c. $20 billion. Its deficit was more than a quarter
Fear mongers in Europe are warning of millions of Afghan refugees. Warsaw is mobilizing troops and putting up a fence. Merkel says lets pay Pakistan
A really bad bout of Delta does not seem to have thrown the UK’s recovery off course. At least as viewed through UK public accounts.
Joaquim Pereira Leite, virtually unknown just months ago, now has one of the most important posts in climate politics. The destruction of the biome is
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