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Crashed to Corona 7: Responding to the global epidemic

The WHO declared a pandemic on Wednesday 11 March 2020. At that point COVID-19 had been reported from 110 countries. But through the end of April, as measured by mortality, it was a largely European and American affair. To be more specific it was Western Europe and New York that were at the center of the crisis. Since May the balance has shifted. In recent weeks, 40-50 percent of all COVID mortality has been in Latin America. Combined with the US up to 2/3 of mortality has been in the Americas. Now, alarmingly, mortality is

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Crashed to Corona 6: For a Politics of Monetary Policy

What are central banks for? How should they be governed? What is their role in the 21st century? The recent German Constitutional Court decision has forced all these issue to the forefront of political debate. As I lay out, at length, in this piece for Foreign Policy, the judicial battle in Germany is more than a storm in a European tea-cup. It brings to the fore basic questions of modern governance that have implications far beyond Europe. This is a problem of economics and politics, but also of history. As I argue in the Foreign

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Crashed to Corona 5: The first economic crisis of the anthropocene

‘We are living through the first economic crisis of the Anthropocene’ At the spring meeting of the IMF this April, Managing Director Kristalina Georgieva referred to our current situation as a “crisis like no other”. In this new piece for The Guardian I attempt to situate that claim in relation to the political economy of the anthropocene.  “The great acceleration that defined the Anthropocene may have begun in 1945, but in 2020 we are facing the first crisis in which the blowback destabilises our entire economy. It is a reminder of how encompassing and immediate that

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Crashed to Corona 4: Central banks in action

The scale, pace and extent of central bank action in response to the  COVID-19 crisis has been spectacular. It dwarfs that which followed the financial crisis of 2008.   In this piece in the Guardian, I sketched a first analysis of action on the part of the Fed, the ECB and the Bank of England. My aim was simply to establish a chronology of the action. This is no more than the beginning of a comprehensive investigation. That would involve a deeper analysis of the actual dynamics of crisis in the financial markets, which will

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on twitter

RT @alexwagner: In 2013, a Democratic president invited an 80 year-old, two-time cancer survivor, Supreme Court justice to lunch to convey…

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RT @bhbradlow: Is the GND movement ready for a political reality in which the US is not the central player? Worth serious reflection. https…

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@MaxJerneck Yeah … you may be right that that is a bit of exaggeration for effect. In trying to capture the shift in the center of gravity I sometimes go overboard.

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on twitter

RT @alexwagner: In 2013, a Democratic president invited an 80 year-old, two-time cancer survivor, Supreme Court justice to lunch to convey…

Read More »

RT @bhbradlow: Is the GND movement ready for a political reality in which the US is not the central player? Worth serious reflection. https…

Read More »

@MaxJerneck Yeah … you may be right that that is a bit of exaggeration for effect. In trying to capture the shift in the center of gravity I sometimes go overboard.

Read More »

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