ADAM TOOZE

‘When we say fiscal consolidation, it doesn’t have to mean austerity’ @IMFNews calls on Middle Eastern states to spend better. ft.com/content/50b31d… https://t.co/wXUby7NHZc

Turns out super-super-tall apartment buildings sway in the wind and creak and groan like you are on a sailing ship! nytimes.com/2021/02/03/rea… https://t.co/1JO6GZWJL6

Fichte in 1813 ready to join the Landsturm and the war against Napoleon. From a patriotic illustration around 1910-1914! https://t.co/rkrUiYYReX

This is really quite interesting on Lawrence Stroll, the new man behind Aston-Martin. neckar.substack.com/p/thinking-big… https://t.co/s0zCfbTVpg

Prospect of Draghi as Italy’s PM puts 5* and the League is a somewhat tight spot! ft.com/content/03ef51… https://t.co/QnBhhQRPOS

In 2016 in wake of Gauweiler case, the mission statement on the ECB's website was changed from ‘Our mission is to serve Europe's citizens’ to ‘Our mission is to serve the people of Europe’. “ @HLokdam Did you know this @stefeich @DanielaGabor onlinelibrary.wiley.com/doi/full/10.11… https://t.co/oDX7NsnO2P

Hajo Riese one of the German-speaking world’s great monetary Keynesian has died. Yes they did/do exist. Nice obit! twitter.com/ufritsche2009/…

Car production in Germany has been on a downward slope since 2018. In part because of relocation of production. NOT an effect of corona. twitter.com/DrJoergKraemer…

@jbf1755 I’m honestly not sure I want to go back to “normal”. I think zoom is better in some very important ways.

@jbf1755 Ive had loads of undergrads asking questions after lecture. a. There is time because no room constraint and b. As my wife put it, “you are less scary. Just a wild, gesticulating, excited head with a bunch of fun powerpoint." 🙂

@jbf1755 I agree. The classroom dynamic has been strikingly different. And I say that as the 6 4 dude who normally takes up a lot of space. Just being one blurry head definitely helps.

RT @gbrew24: “The GOP had shown itself to be less a party of government than a political vehicle through which conservative, white American…

RT @sable_sonya: 33-Year-Old Bat: I am the night. Caretakers: You are an adorable senior citizen. https://t.co/pgxAa9JORG

RT @jorge_guajardo: “As Jonathan Kirshner states in Foreign Affairs, ‘the world cannot unsee the Trump presidency’, especially its disgrace…

RT @noahbarkin: A new survey of German companies in China shows they are doubling down rather than pulling out. Among the findings: – 96% h…

RT @e_flux: Adam Tooze, "After Escape: The New Climate Power Politics", e-flux journal issue 114: “You and I Don’t Live on the Same Planet”…

Not a corona level event but pretty bad. How Covid has hit the UK ports. ft.com/content/21090a… https://t.co/pNvH5A6Q0N

Is there a hangover in EU over the CAI agreement? @noahbarkin has some quotes. But where does European business stand? This is a political agreement but it about an investment treaty after all. sites-gmf.vuturevx.com/61/6509/februa… https://t.co/b4uvZR4SkB

This by @NickTimiraos on Powell and Yellen and the Fed’s Dec 2015 interest rate decision is a few weeks old but still worth revisiting. wsj.com/articles/fed-r… https://t.co/6RGzT2Qyrv

@AngelaZhangHK @NikkeiAsia You are most welcome. Thought your Nikkei piece was fascinating!

RT @RealTimeWWII: Meat-grinder of Stalingrad has devastated Wehrmacht's finest troops: over 750,000 Germans, Italians, Hungarians & Romania…

"During the French Revolution, the Ancien Regime was overthrown – or, according to Kant’s preferred interpretation – Louis XVI handed sovereignty over to the people when he turned to them for financial help (Morals,6:341–2)." https://t.co/kPUmznX1aG

@StevePo48430111 @t0nyyates @DanielaGabor @Frank_vanlerven Thanks for clarification. Know anything good to read on Chinese experiments with "helicopter money"?

RT @Shahinvallee: Hard to imagine a worse example to illustrate the EU’s vaccination progress. Yes vaccination has hardly started in the de…

RT @allore_conte: @GeorgiP37915943 @adam_tooze Original edition https://t.co/gRNDZWq6sd

Peoples QE with Chinese characteristics: What is best thing to read on PBoC’s experiments with airdrops of digital currency? e.g. Oct 2020 gov in Shenzhen carried out a lottery to give away a 10 m yuan in digital currency. @DanielaGabor @Frank_vanlerven cnbc.com/2020/10/12/chi… https://t.co/v06XrdLfAa

@RajaKorman @pseudoerasmus Ill just put this here:adamtooze.com/2020/05/16/cra… https://adamtooze.com/wp-content/uploads/2020/05/The_Great_Inflation_w_Adam_Tooze_2016.pdf

RT @70sBachchan: 43/ If anyone thought China's 2060 Climate neutrality promise was hot air,Xi now cracks down on Coal! "CEIP report is esse…

RT @RobinBrooksIIF: The 2008 crisis was a blip for Germany, but led to perma-stagnation in Italy & Spain. @FabioGhironi often reminds me th…

RT @as_a_worker: the problem is that the current class structure is relatively unique and defies easy analogy to 1873 or 1917 or 1968. ther…

RT @as_a_worker: america is perpetually haunted by two historical archetypes: the fordist factory worker and the yeoman farmer. each has be…

@Frank_vanlerven @DanielaGabor @JoMicheII @finanzwende Can only endorse @Frank_vanlerven sentiments here!

In mid February 2020 Chinese output was running at c. 40-50% of normal levels. sciencedirect.com/science/articl… https://t.co/U5cWR9o6aG

Official estimates for rural poverty in China based on the 2010 national poverty line of 2300 yuan (in 2010 prices) per capita. Official estimates of poverty for urban areas are not published. prcleader.org/sicular https://t.co/dHZp7DYJjs

Birth of safe asset out of spirit of war economy WWII -> surge in US gov debt. Banks buy debt -> capital adequacy rules introduced in 1930s become binding. What gives? Yup! Treasuries = safe assets -> exempt from equity-asset ratio. @DanielaGabor som.yale.edu/blog/war-finan… https://t.co/JzhloHnmnH

Covid crisis has triggered a lot of comparisons with WWII finance. Fed was important. But private sector bought 87% of WWII debt issuance in US with commercial banks absorbing 31% v. Only 13 % Fed. V interesting this @DanielaGabor som.yale.edu/blog/war-finan… https://t.co/W8K9LGaxWm