ADAM TOOZE

In 2020, 87 per cent of the global electricity generated from thermal, nuclear and hydroelectric systems directly depended on water availability, the WMO said, but some of the facilities are located in areas that were experiencing water stress. ft.com/content/3dd9ad…

The largest US banks are benefiting from the Federal Reserve’s campaign to increase interest rates, charging more for consumer loans and corporate lines of credit without offering customers significantly better rates on deposits ft.com/content/602133… https://t.co/0KuNCkL9Bj

I thought I knew the work of Kindleberger as "Mr hegemonic stability", but @PMehrling new book opened my eyes to K's significance as a thinker of cosmopolitan money. A review in @NewStatesman newstatesman.com/ideas/2022/10/… Framed by Chartbook Newsletter #160 adamtooze.substack.com/p/chartbook-16… https://t.co/kSsWrrk8jt

@_TimBarker @freedaaron @davidshor @irl_neil @JamesConran1 I like "new economics" … that captures the interwar scene well … ranging from Schumpeter and Hawtrey to Keynes, Colm, Neisser, Kalecki etc etc

@KeineWunder Thanks André … just realized that the verb I was looking for there was "flaunts" … damn …

@_TimBarker @freedaaron @davidshor @irl_neil @JamesConran1 Thinking about it now, 20 years later, I would say that the Nazi regime was definitely pursuing a pioneering form of macroeconomic governance, in which Keynes himself saw potential, but whose objectives and priorities were not at all Keynesian.

@_TimBarker @freedaaron @davidshor @irl_neil @JamesConran1 WWI/Weimar republic unleashes this dialectic.

@_TimBarker @freedaaron @davidshor @irl_neil @JamesConran1 I have no problem with bolstered … As a matter of history Erhard and his cohorts began thinking about how to unravel the impending fiscal and monetary crisis of the Third Reich already years before the final collapse of the regime.

@srinathraghava3 @pbmehta Thanks Srinath … talking to @pbmehta was a total treat.

@_TimBarker @freedaaron @davidshor @irl_neil @JamesConran1 Hi Tim, the link isnt by way of Keynes – thats too anglocentric a view – but by way of interventionism per se.

RT @stefeich: “This year’s economics Nobel prize…has the effrontery actually to celebrate one of the weakest dimensions of modern macroecon…

@asgeirbt @PMehrling Thanks Asgeir very nice of you!

RT @DEHEdgerton: Some thoughts from me on Truss /Kwarteng and the British crisis – in French and Spanish only legrandcontinent.eu/fr/2022/10/14/…

@RassBariaw @PMehrling @NewStatesman @OnesandToozePod I would have preferred Bernanke to Obama for the peace prize in 2009!

RT @x_delcourt: « This year economics « Nobel » prize has the effrontery (…) to celebrate one of the weakest dimensions of modern macroec…

There is international econ – based on "island" view of world econ & then there is analysis of global financial network centered on $ – what @PMehrling in his lovely new book on Kindleberger calls a cosmopolitan view. See Chartbook #160 h/t @HyunSongShin adamtooze.substack.com/p/chartbook-16… https://t.co/9s7yFkMgNL

RT @BrankoMilan: Most interesting; a great read. (FYI: I have no opinion on this issue, but @adam_tooze seem v compelling.) Chartbook #160…

Did a review of @PMehrling fascinating new book on Kindleberger for @NewStatesman newstatesman.com/ideas/2022/10/… Framed it in Chartbook Newsletter #160 adamtooze.substack.com/p/chartbook-16… Which ties to @OnesandToozePod on "Nobel's" this week podcasts.apple.com/us/podcast/the… https://t.co/yAQc9lfbjr

Chartbook #160 Kindleberger, Mehrling and that Nobel Prize on Chartbook adamtooze.substack.com/p/chartbook-16…

@policytensor @WebbTraverse1 Is there even prima facie evidence to suggest that they obtained gas prices that were in any significant way favorable compared to their competitors? Or that their consumption pattern is unusual as would follow from a price distortion in their favor?

“It is impossible not to feel vertigo remembering that child, sad and lost, on a day like this in 1938, that was forced by racial laws to abandon her elementary school desk,” Lilliana Segre brings home the disgrace of Italian politics in the current moment ft.com/content/ea2e10… https://t.co/NPMeTWyfZG

So here's a new nightmare. As @ModeledBehavior points out US rents incorporated into CPI lag private market rent levels -> we could see months of upward adjustment in the CPI index even as new rents fall and the rest of the economy goes into recession! ft.com/content/0b8b7a… https://t.co/X0l6NwS5mi

@policytensor @WebbTraverse1 Its also true that a failing water supply and cholera outbreaks would undermine your competitiveness e.g. in Syria right now. So it follows deductively that German competitiveness was conditional on adequate sewerage.

Goods disinflation is finally showing up. Falling shipping costs, commodity prices and swelling inventories are dragging US prices down. ft.com/content/0b8b7a… https://t.co/43OMjldbLy

Billions into …. billions: "the MDBs in general (and World Bank in particular) have been achingly slow to embrace creative blended finance structures." @gilliantett How derisiking world looks from the other side @DanielaGabor ft.com/content/dbbe5c…

“The US government is attempting to put YMTC’s most advanced Nand production facilities out of business,” said Allen of CSIS in a report this week. ft.com/content/404d36… https://t.co/uzjVIjnxW4

President Xi Jinping visited YMTC facilities in 2018 to show support for China's chip champion. It boasts Rmb220bn ($30bn) in funding with financial help from Hubei province and a national fund. Wont help if it cant get the equipment it needs ft.com/content/404d36… https://t.co/2f74kXuZh5

Astonishing polling out of Bavaria. FDP collapsing and AfD ahead of the SPD! twitter.com/DrKissler/stat…

RT @charlesjkenny: US+Europe: "African countries must move to zero carbon energy now to help fix the climate problem we created." Also US+E…

RT @70sBachchan: How Neoliberalism supercharged polycrisis. "“polycrisis” — a complex web of simultaneous epidemiological, financial, democ…

RT @AndreasSteno: I know you will all hate me now, but inflation has actually peaked in June.. https://t.co/N3sEDPBks6

Well this looks interesting @DEHEdgerton @STS_News twitter.com/jrmdns/status/…

RT @heimbergecon: The budget planning of the German government for next year is based on the forecast that the German economy will be OVERH…

The facts simply do not support the common place idea that Germany's economic model was based on "cheap" Russian gas. adamtooze.substack.com/p/chartbook-15… twitter.com/LionHirth/stat…

Russian pipeline gas supplies may be capped but sales of LNG are at record levels. twitter.com/SStapczynski/s…

RT @CPR_Climate: .@CPR_India is launching a series of papers, ‘The State of India’s Pollution Control Boards’, on Oct 19, 4:30 PM. We will…