ADAM TOOZE

Brace brace brace for a series of cheap takes on gilets Jaunes and risks of carbon prices, carbon taxes. Seriously folks, can we attend to context here. 2018, Macron, tax cuts for rich. No social offset. We can learn to do this better! https://t.co/szLibqkS2w

It has been a big week for carbon pricing. @MESandbu EU, ECB, IMF and more cautiously the G20 have all endorsed carbon pricing in one form or other. The US may need to use round about methods. Not a silver bullet obs! But it does push in right direction. ft.com/content/ec1f32… https://t.co/IZg6FTRStg

@kpd_musing @_pardalote_ @CSIS And PPP adjustments operates both on defense spending and GDP so I wonder how much the "defense burden” would actually be affected. Unless you are saying that prices in defense sector are particularly out of whack?

“It’s going to be bloody hard to do . . . but just imagine for one second the cost of non-action” @TimmermansEU on Fit for 55. ft.com/content/f0343c… https://t.co/E0R1Fp7KEn

@GustavAHorn @ecb It’ll do and it IS one that is quantified and enshrined in law/international treaty -> suitable for the triple mandate.

This is another astonishing, eye-opening, mind-expanding thread by @ernestleungmt on the remarkable economic theories and state-building activities of the men we commonly call China's "warlords". A lot more going on than you would EVER imagine. Extraordinary research! twitter.com/ernestleungmt/…

RT @ernestleungmt: @B4Btv I did not expect this but alright, if that is the case, I will go ahead and declare this thread relevant to #HOI4…

What is China’s estimated actual defense spending? @CSIS experts put it at just shy of $250bn all told. One metric they dont give you is the defense/gdp ratio, which is, give or take, half that of the US. csis.org/analysis/under… https://t.co/DowYWO0DWh

RT @JStein_WaPo: Dem plan would achieve 80% clean electricity by 2030, senior D aide tells reporters, w/ key planks including: — Clean en…

I give you a 1974 Ford Escort, admittedly a rather cool one …. for … 80,000-120,000 Euros! What is the most anyone has ever paid for an Escort? invaluable.com/catalog/8x41nw… https://t.co/utAWZpDhqc

RT @mollytaft: i wrote about why cable news sucks at covering climate change, and got to reflect about my time as a PR person desperately t…

RT @NewStatesman: California’s Death Valley has broken the all-time world air temperature record with 54.44C. newstatesman.com/politics/2021/… https…

RT @cityatlas: @IsabelleLetell1 Straight talk (still too rare) from @adam_tooze: e-flux.com/journal/114/36… https://t.co/zIUaJHAgto

Back in the spring it was clear that growth in total social financing in China was beginning to slow. ft.com/content/2b9273… Now the PBOC has cut bank reserve requirements but not loosened monetary policy they insist! bloomberg.com/news/articles/… https://t.co/3sUuEQQc3D

RT @MehreenKhn: It's Fit For 55 day in Brussels. College of commissioners is still holed up in Brussels making final adjustments to ~13 pie…

US dentists rapidly return to full staffing after pandemic, but business is 17% down. By contrast, restaurants are generating about 13.5% more real output per worker than before the pandemic. Somethings gotta give! @M_C_Klein new substack is full of gems! theovershoot.co/p/some-thought… https://t.co/jGfy07ldlI

The Chinese central bank’s decision on Friday to cut lenders’ reserve requirement ratio further fuelled offshore purchases of the country’s bonds this week. ft.com/content/f0c71c… But PBOC denies that it signals a shift in monetary policy! bloomberg.com/news/articles/… https://t.co/zd2iPYPkp5

@GustavAHorn @ecb The decarbonization glide path we need to be on is pretty precise, is it not? Down 55% by 2030 and net zero by 2050. Those are precise and demanding targets agreed by nat governments and the ECB is tasked to support that.

US "payroll survey is saying that job growth is v strong, while household survey shows first outright decline in employment in over a year.” How come asks @M_C_Klein ? 1. past misclassification of furloughed workers 2. seasonality of employment at schools. theovershoot.co/p/some-thought… https://t.co/fxMYyqmUdJ

You uncouple if you want too …. “Contrary to the geopolitical rhetoric, from an asset management point of view you cannot avoid looking at the Chinese market,” @KangHexin on the flow of Western capital into China. ft.com/content/f0c71c… https://t.co/6G2faasLYp

@Tpsmyth01 @RonSteenblik @is_OwenLewis @AdamPosen Wow. That’s fascinating. Have you written about this?

If you liked @M_C_Klein at @FTAlphaville If you followed him loyally to Barrons You are going to LOVE his new substack newsletter, The Overshoot. Ive seen this graph plenty of times but now I cant get it out of my head. Sign up here: theovershoot.co/p/lets-oversho… https://t.co/wFAEVxnve7

"Global holdings of Chinese stocks and bonds have surged about 40% to more than $800bn over the past year as investors bought assets at a record pace in spite of souring relations between Beijing and the international community.” @KangHexin ft.com/content/f0c71c… https://t.co/S78iaXDkm8

@GustavAHorn @ecb I take the legitimation issue seriously, but I just dont see the problem. Secondary mandate is clear. I would much prefer an explicit triple mandate (price, employment, sustainability) but little chance of that.

@BachmannRudi @GustavAHorn @ecb @piazzesi Genau so ist es. Aber pass auf Rudi, gleich erklärt dir jemand das braun ein ganz falsches Wort ist und man besser dreckig sagt usw usf ….

@DanielaGabor I fear it will end in the same blind alley as the original. Critical green accounting studies much preferable. Practice-centered, situational, avoiding artificial generalities. What you actually do so brilliantly!

@Tpsmyth01 @RonSteenblik @is_OwenLewis @AdamPosen Im no expert but aren’t there 3 issues here: 1. Development of efficient launch technologies by private actors 2. Regulation of how many satellites are up there and who owns and controls them 3. Narcissistic space tourism by very rich people. 1. and 2. Essential. 3. Ban or tax.

@davies_will Oh lord …. I didn’t even get the reference. Thanks for helpinging me out! 🙂

@tracyalloway @TheStalwart Jeezus Im so sorry Tracy. Thats awful. Inexcusable. Hard not to jump to several different sorts of conclusion … but really I’m just horrified that you should have top up with abuse like that. Wishing you the best day possible. Thank you persisting with the public anyway!

@Morris_ScottA @WorldBank @IsabellaMWeber @michaelxpettis @berthofmanecon Thank you!

@davies_will Not a gesture on the receiving end. Or was that your point? @davies_will … irony not my strong suit on twitter … 🙁

RT @pseudoerasmus: Can’t believe this fantastic thread on Andrea’s theory of the origins of agriculture is now over a year old. Seasonalit…

RT @_HannahRitchie: Food is about more than calories: we need a wide range of nutrients, vitamins & minerals. A healthy diet is more than…

@GustavAHorn @ecb Auch auf Deutsch natürlich.

@TMBoler @FT Everything suggests that the data massively understate Covid mortality.

RT @benyeohben: @adam_tooze Like for private aircraft is there a case for luxury consumption taxes which I think @BrankoMilan has suggested.