ADAM TOOZE

MMT in Putin’s Kremlin ..?!? You might suspect me of distasteful polemics. But staggering thing is its literally true. It shouldn’t be surprising. It it matters cos it points to need to talk about Russia’s macro response to sanctions. Chartbook #91 adamtooze.substack.com/p/chartbook-91… https://t.co/VOZUIsZpXe

RT @MarioHolzner: "The current crisis has cast off any illusions on the score of sovereignty. Russia is indeed sovereign. It has violently…

I find @michaeltanchum geoeconomic sensibility really fascinating. This is a particularly interesting corridor. twitter.com/michaeltanchum…

Surging petrol prices in the US are a perfect storm for the Biden admin. thedailyshot.com/2022/03/03/com… https://t.co/8bTKQjaxvU

As we approach the weekend you were wondering about the next escalatory spiral … We had central bank-nuclear option-“one of us” weekend. Is this to be the no-fly weekend? twitter.com/HenryJFoy/stat…

The lag between surging oil prices and the rig count (a proxy for oil investment) in US oil industry suggest a wave of investment to come. thedailyshot.com/2022/03/03/com… https://t.co/n3103pn2Rd

RT @peterliakhov: A snapshot of the Russian economy: an investment expert goes live on air and says his current career trajectory is to wor…

Commodity inventories have been drawing down to near-record lows over the past year. thedailyshot.com/2022/03/03/com… https://t.co/Amfzi0Cjz2

The shock to global confidence is showing up in a rapidly flattening US yield curve. Key data from @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/Tg8Lb5xaH8

Since Jan 2020 China’s bonds have offered specularly better returns than other sovereign debt. @Gavekal via @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/ZKxfVtzqA4

@belleslettre @antoine_abdr @IsabellaMWeber @DanielaGabor Yeah. In fact that is a long-term trend. France far more motorized than Germany in the interwar for this very reason. False distinction on my part. In the US the equivalent basked would be “gas and hamburger".

The carbon market is getting nervous about the fossil fuel blowback from the war in Ukraine. thedailyshot.com/2022/03/02/cru… https://t.co/9tY6s7Rh4D

RT @ekstasis: @adam_tooze @AndyLangenkamp €100 billion, plus an extra ~1% of GDP going forward, which is…more substantial.

This is what you would expect a competent defense to do to the Russian forces packed into that road to Kiev, but is it confirmed? twitter.com/Eleskola/statu…

RT @juliaioffe: On August 19, 1991, when the ultra-conservative putschists sent tanks into Moscow to stop perestroika and the collapse of t…

RT @marcusbarnett_: HOME protesting Russia’s war by considering scrapping a statue of a German who (aside from his contributions to Manches…

Thanks to twitter translate I know I heartily agree with this from @AndyLangenkamp 100 bn Euro promise from Germany for defense is not as much as it sounds. Step in right direction. twitter.com/AndyLangenkamp…

@BillowsSebasti1 @IsabellaMWeber @DanielaGabor @LaurentWARL What a great-looking collection! Thank you. @LaurentWARL

He literally is: Baron Lebedev, of Hampton in the London Borough of Richmond upon Thames and of Siberia in the Russian Federation You cant make this stuff up …. twitter.com/pcaruanagalizi…

@scherfchr OMG … Klasse.

This just came up randomly on a news site. AI reading my mind. God I love San Juan, PR. https://t.co/b64XjZpM6c

What to Americans is the “price of gas”, to the French is the price of baguette … is there a good history of Baguette price liberalization? I believe in 1978? @IsabellaMWeber @DanielaGabor twitter.com/rafaminos/stat…

@stephenwertheim On the other hand there is something about pollen and all the brilliant stuff floating around on twitter …

@ntrickett16 And there is the powerful attraction of rather simple formulae …

Now, if bees can do this, why can’t …? @stephenwertheim twitter.com/BeeAsMarine/st…

@ntrickett16 I see @stephenwertheim that we are both getting a “healthy” amount of sleep …. 🙁

RT @KeineWunder: @schieritz @MartinBraml @jsuedekum @adam_tooze Russland ist der grösste Düngemittelexporteuer… Bei einem Importstopp sol…

The logic of sanctions v. Russia depends on our model of policy-making in the Kremlin. But do we understand the bandwidth of opinion amongst Putin’s advisors and its possible implications? On the MMT-curious economist in the Kremlin, see Chartbook #91: adamtooze.substack.com/p/chartbook-91… https://t.co/VrWzWd8gjc

RT @DanielaGabor: fascinating @adam_tooze on whether we'll see Russia abandon its Wall Street Consensus macrofinancial regime – fiscal aust…

@ntrickett16 It was the exchange with you that triggered my train of thought. Thank you for this great thread.

@ntrickett16 Fantastic thread Nick thank you. So instructive.

"Russia is a monetary sovereign, but acts as a non-sovereign.” On Russia’s MMT in 2019 and the implications for war economics. Chartbook #91. adamtooze.substack.com/p/chartbook-91… https://t.co/zfitjsNzbZ

Maxim Oreshkin is one of Putin’s key economic advisors. He was at the table at the economic emergency meeting on Feb 28 2022. In 2019 it was Oreshkin who opened the door in Russia to a debate of MMT! Might Moscow neutralize sanctions with stimulus? adamtooze.substack.com/p/chartbook-91… https://t.co/CXlMjaOmEf

One constant in Putin’s regime has been fiscal and monetary conservatism. Will massive sanctions trigger a shift to a more Keynesian approach? What might that mean for the effectiveness of sanctions? Chartbook #91 adamtooze.substack.com/p/chartbook-91… https://t.co/SojaeBn2Dt

RT @BalmforthTom: LONDON, March 3 (Reuters) – JPMorgan said on Thursday it expected Russia's economy to contract 35% in the second quarter…

@GeneralTheorist @benbawan @BuddyYakov @M_C_Klein Perhaps. But if they get as far as your kind of logic – "MMT-Keynesian were it not for the supply constraint on the trade side" – they are not who the Kremlin are commonly painted as!