ADAM TOOZE

@JosephPolitano @SGamarad Now what have I done …?:( Yes. Indeed it was for @JosephPolitano

Your piece is fantastic. I will correct the online version.

@VisonaNicola @Noahpinion Read past that oddly worded sentence about the Galbraith intervention and the dig v. MMT and you find a very useful post.

RT @Gnitnapnoremac: I know that people generally find @adam_tooze useful for his economic insights, but his argument on @OnesandToozePod th…

@Noahpinion You’re welcome. I learned a lot. Great stuff.

@wangiverson Words I take absolutely NO pleasure in writing.

Cos that’s the way we roll! twitter.com/jorge_guajardo…

This is a really long and fair-minded post by @Noahpinion on the issue of price controls. Full of great references. Recommended. noahpinion.substack.com/p/why-price-co… https://t.co/rtWIZmU2Tw

@IsabellaMWeber @LDHerrine So anything less than specific naming of parts seems like giving the game away. Especially as your piece does at least suggest a critique of the transitory position as tempting fate on the political front.

@IsabellaMWeber @LDHerrine Fair enough. I guess those of us committed to the transitory/sectoral approach are a. Skeptical about the entire “inflation is a problem that needs major solution”-approach and b. Laser focused on a small handful of sectors that need calling out by name to avoid a.

@HerbWiseman I should say that it gives me absolutely no pleasure to be the bringer of bad news.

RT @gregeganSF: Every time I read new research about the Antikythera mechanism my jaw drops a little lower. I can’t decide which is most i…

@LDHerrine In light of @IsabellaMWeber book, I was puzzled by the lack of emphasis on the sectoral dynamics. But the follow on question is: if you take a sectoral view, how will controls apply to the important sectors, energy, autos/used cars etc?

@LDHerrine That makes sense to me. But @IsabellaMWeber sets up her piece not as complementary to the transitory view but as a critique of it. Happy if we in fact agree.

@ErikwimDuring @IsabellaMWeber Fair point. I am only talking about the US. In the UK too energy prices are capped.

RT @SDullien: Highly recommended reading by @adam_tooze on the price control debate initiated by @IsabellaMWeber . twitter.com/adam_tooze/sta…

@DavidpStein Thanks David this looks fascinating. Will include in the follow up. Happy New Year.

@M_C_Klein Thanks Matt. Your endorsement really means a lot.

RT @NGDP_Advice: "To put a point on it, I am not convinced that the current round of price increases should really be thought of as a gener…

This by @BuddyYakov on the price control debate is excellent. building-a-ruin.ghost.io/a/ https://t.co/QfiKrM8PHA

Chartbook #65 just dropped: on the inflation & price control debate triggered by @IsabellaMWeber op-ed. I disagree with Isabella but also with the tone of many of the reactions to her piece. adamtooze.substack.com/p/top-links-65… https://t.co/kNmpJzDc3N

Hard to see how fiscal policy can be a major driver of inflation at the end of 2021. Since Q2 2021 fiscal policy has been a drag on growth. @BrookingsInst @HutchinsCenter brookings.edu/interactives/h… https://t.co/8GPCDw9ruE

The fiscal stimulus that was such a dramatic feature of 2020 has dramatically reversed in 2021 thedailyshot.com/2021/12/24/veh… https://t.co/BPjESvNRPQ

Transitory: in Q1 2022 global oil markets are likely to be in surplus with OPEC expanding output fast. thedailyshot.com/2021/12/24/veh… https://t.co/gNlKVcRREy

One of the puzzles of what you might call “energy fundamentalism” is that energy costs make up no more than 3-5% of production costs. thedailyshot.com/2021/12/24/veh… https://t.co/d9cAjnShGx

China’s banks are not making much money right now. @SoberLook thedailyshot.com/2021/12/24/veh… https://t.co/5tIqcFiO4T

Europe’s reliance on gas imports from Russia continues to rise, despite deteriorating geopolitical relations. thedailyshot.com/2021/12/24/veh… https://t.co/ltVluu4hP9

Daily usage of the RRP averaged $1.6tn in December, surging to a record $1.9tn on the final day of the year. Average daily usage for December 2020 was zero. ft.com/content/f80e6c… https://t.co/gZKhel8ErX

In the week before xmas the 30yr Bund yield rose into positive territory. thedailyshot.com/2021/12/24/veh… https://t.co/yhvdw2ttPZ

The consumer confidence gap in the chart below reflects the Conference Board’s emphasis on employment vs. the U. Michigan’s focus on inflation concerns. thedailyshot.com/2021/12/24/veh… https://t.co/mzCV2kE8xS

New and used autos are making an unusually prominent contribution to surging inflation in the US. How responsive is the demand for cars to interest rates for auto credit? Is this a possible channel for monetary policy? thedailyshot.com/2021/12/24/veh… https://t.co/LSvdOS3bBX

Everyone is talking about inflation control. Here are the main sectoral drivers of unusual price increases in 2021. THE question is how to connect the instruments with the sources of infl pressures. thedailyshot.com/2021/12/24/veh… https://t.co/AgNI39GqFI

One of the remarkable things about the Covid shock in the US was that it cut health and care expenditure in the US for the first time in decades. thedailyshot.com/2021/12/24/veh… https://t.co/0DJWJrMA9l

RT @EricLevitz: 1) Price controls can produce negative, unintended consequences. But the same can be said of the orthodox approach to infla…

@IrvingSwisher Is greed really the appropriate description for investors relationship with the shale industry?

RT @njtmulder: In this worthwhile interview on his forthcoming 1848 book, Chris Clark talks about how prominent revolutionaries to police m…