@PRoufos Hi Pavlos been gnawing at it for a while. How does the 1990s consensus end … ? theguardian.com/commentisfree/…
“If Houston wants to continue to be the world’s leading energy capital, then it’s going to need to be a leader in the newer forms
RT @GhassanMoazzin: @B4Btv @adam_tooze @Paul_Kreitman There is indeed need for more work on Chinese hyperinflation. Prof. Parks Coble @pcob…
RT @hugh_pemberton: China – more like Germany than you might think. Great piece from @adam_tooze on China's wartime inflation shock and its…
We are still waiting for the back story on the @ecb Strategic Review. In the mean time I offer an assessment of what could and
In Baden Wuerttemberg "The Greens were one seat away from clinching a coalition with the centre-left Social Democrats and clearing a path for stronger climate
@michaelxpettis Oh absolutely … these are “invented traditions”. Convenient histories. I guess for me the more interesting question is about the 1980s? Do you think
Gold Rush. At the end of the day, scrambles in front of a bank to buy gold. Shanghai. On 23 December 1948 henricartierbresson.org/en/expositions… For the
Conflict in Tigray killed thousands, displaced 1.7m and plunged over 400,000 people in famine-like conditions. According to the UN, Tigray is now suffering a telecommunications
@B4Btv @Silmarillion88 @Paul_Kreitman I believe we may be able to firm up “not major cause” v. “Not minor factor” with some quantification. I know I
ECB Strategic Review. What does it add up? I did a piece for @socialeurope drawing on insights from @GeneralTheorist @DanielaGabor @COdendahl socialeurope.eu/climate-crisis… https://t.co/UYWYV8UoRH
@michaelxpettis I was following @andrewbatson on the relevance of 1949 to present by way, of course, of @IsabellaMWeber … but perhaps I compacted too many
RT @DuncanWeldon: Exactly right from @alanbeattie ft.com/content/bcf665… https://t.co/xQ6kZnY0gf
"The Inflationary Spiral – The Experience in China, 1939-1950" by Chang Kia-Ngau is excellent on China’s hyperinflation. Would love to know about the intellectual history
Thanks to @IsabellaMWeber a lot of us have been thinking about China and inflation. routledge.com/How-China-Esca… I did Chartbook Newsletter #26 on the inflation->hyperinflation of 1937-1949.
@pseudoerasmus @Silmarillion88 @B4Btv @Paul_Kreitman Thanks. Very much the spirit in which it was intended. I got smarter about China’s hyperinflation. Thought it was worth sharing!
RT @ChinaCovers: #Cover from #China during the #Hyperinflation in 1949. #philately #Inflation @adam_tooze https://t.co/Rdzd8DXa5a
RT @AmparoBlumme: Reading Grossman's Stalingrad and Life and Fate Chartbook Newsletter #21 , by @adam_tooze adamtooze.substack.com/p/chartbook-21…
Tigrayan "TPLF officials claim to have more than 9,000 Ethiopian prisoners of war and say their priority now is to push all opposing forces out
@B4Btv @Paul_Kreitman 100% agreed on Japan. Plus a Feldman Great Disorder-style book about China.
RT @Uptheleft: @adam_tooze may like this twitter.com/mrstrangefact/…
RT @PeterBofinger: In @socialeurope an interesting comment by @adam_tooze on the @ecb strategy review: "But, with striking haste, Lagarde…
RT @Silmarillion88: @adam_tooze @B4Btv @Paul_Kreitman KMT territories suffered from bankruptcy due to war expenses, corruption and natural…
@B4Btv @Paul_Kreitman Above all the hyperinflation proper is a phenomenon of post 1945 and thus less influenced by currency war issues with Japan. I was
@B4Btv Thanks for your interest in my writing. In material that I can access currency wars were discussed as a minor factor in the broader
RT @azraisakovic: «L'une des choses remarquables à propos de la Chine sous le règne du Parti communiste est son aversion pour l'inflation.…
RT @ManuelaBoatca: Wenn Verunsicherung zur Sammelklage wird… twitter.com/juergenzimmere…
RT @ErikFossing: Am I the only one who finds these space tourism adventures offensive at this time of critical climate changes needs, the p…
One of the remarkable things about China under the rule of the Communist Party is its aversion to inflation. Since 2020 the regime has been making a point of emphasizing its resistance to Western-style monetary experimentation. Fascinating background is provided by Isabella Weber’s timely book about China’s price reform discussion of the 1980s.
Weber argues that the stability of the CCP regime today owes much to the rejection of shock therapy a la Russe, urged on it by Western and East European advisors in the 1980s. Instead China opted for a gradualist program of price liberalization combined with the crackdown of 1989. This more cautious and ultimately far more successful approach was justified in the eyes of CCP experts by concerns about inflation. And that in turn owed much to the lessons learned by the Communists during the period of World War II and the civil war. One of the main forces enabling the CCP’s overthrow of Chiang Kai-shek in 1949 was the economic disaster suffered by the Nationalist regime. The Communists were swept to power on a tidal wave of dissatisfaction over a ruinous hyperinflation.
RT @PhilippMattheis: "Between 1937 and the collapse of the nationalist regime in the spring of 1949 #China experienced an inflationary surg…
Shanghai-Weimar: Evocative Pathé Newsreel captures the street scenes in Shanghai during 1948 hyperinflation, which knocked Chiang Kai-shek’s regime onto the ropes. Chartbook Newsletter #26 on
China became the number one automobile producing country in 2009, and in 2017 produced over 25 percent of the world’s supply of automobiles.3 bis.doc.gov/index.php/docu… https://t.co/Vcm2cV6NMs
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