ADAM TOOZE

Most popular phrase of the year?: “You’re on mute!”. Mentions on corporate earnings calls surged in 2020. ft.com/content/976882… https://t.co/yTAcx1zVl5

Macroprudential Measures are a key part of new arsenal of risk management amongst EM. The most widely used tools among EMDEs are limits on FX positions = smart form of balance of payments management via private sector balance sheets. imf.org/en/Publication… https://t.co/NlKHHwK6Nw

This is an interesting thread provoked by @rortybomb question about why the US Left has not rallied around UI expansion. twitter.com/rortybomb/stat…

RT @Dbarnes25544619: @adam_tooze Same is happening in US. See Smithfield Foods.

UK economy underperformed peers in 2020. Some may be down to counting of public sector output. But private consumption plunged in UK by three times the percentage in US and Germany! Suggests that the shock to household confidence was worse. @PantheonMacro via @SoberLook https://t.co/bnqeq8CrVZ

Porkification or depopulating rural Spain: Almost 53m pigs were slaughtered in Spain in 2019 — a 43 per cent increase on the total 15 years before. China demand driving a huge surge in meat exports. => Spaniards arguing about sustainability. ft.com/content/bdb012… https://t.co/twpGl7R9rx

US epidemic as measured by Covid hospitalizations is now twice as large as that in the spring when I twas concentrated in NY/East Coast. Now more widespread across a v. Big country. @bcaresearch https://t.co/8u9V3yse7a

@policytensor @tedfertik Which would account for 1. His ambiguous impact as an actual policy advisor. 2. The Krugman question as to whether there actually ever has been a L.S. “big idea” or whether he remains the eternal Uber-critic.

@tedfertik @policytensor Perhaps even more manipulative: “There might be a radical implication to my ideas … but if you take the bait you expose yourself for the shallow populist that you are … I, only I, am smart enough to adjudicate and there is always, always a 2nd, 3rd, 4th thought …”.

@tedfertik @policytensor To me the most telling thing about the Summers $2k intervention is not his argument in favor of state and local gov/vaccine spending, which actually makes sense to me, but precisely the political framing: “if left and right agree I am against it …”.

The 2020 corona relief bill in the US produced a surge in income but not in spending -> more fortunate US households are sitting on a pile of unspent cash! thedailyshot.com/2020/12/22/the… https://t.co/4CBDppn9lV

@RXinani_ @newlinesmag Thank you! Fascinating essay. We need more political economy coverage like this on India.

"Consider the onion: It is a staple of the Indian diet, and no other crop has more influence on India’s political economy.” @RXinani_ @newlinesmag on Modi’s anti inflation politics & the balance of rural/urban votes. newlinesmag.com/reportage/the-… https://t.co/TnQGPhDVYD

@magi_jay You are most welcome. Glad you dad had a good xmas and a great book to read!

RT @boell_intpol: Für „böll.thema“ führte ich ein Gespräch mit @adam_tooze über die Umbrüche des Jahres 2020: Die #Coronakrise und ihre Fol…

RT @PietHansen2: Die Pandemie, das Klima, das Geld und die Macht – @adam_tooze spricht über das globalpolitische Krisenmanagement dieses Ja…

@NathanTankus @StephanieKelton @jentaub @rohangrey So I guess the next question is: if we have gone a long way towards freeing ourselves of bad ideologies of money/debt, what are the politics of theories of price setting?

@NathanTankus @StephanieKelton @jentaub @rohangrey OK. Totally agreed.

@StephanieKelton @jentaub @NathanTankus @rohangrey If Summers is within fiscal-inflation framework & your disagreements with him recur with same force, does that not imply that source of the disagreement is not MMT/fiscal-inflation framework but actually something else?

What role did team Biden play in the Congressional stimulus deal? WaPo and NYT have contrasting accounts. @JStein_WaPo @mikedebonis say Biden team held distance to avoid flack from left washingtonpost.com/us-policy/2020… @hillhulse has Biden actively involved. nytimes.com/2020/12/21/us/… https://t.co/dxsSv0fvb2

RT @simongerman600: This amazing little tool simply draws all streets in any city you want. As examples here are the town I grew up in (20k…

RT @spetsnagirl2: « ..Quand tu bosses chez Dassault et que tu passes en télétravail à partir de lundi…! » 😊 https://t.co/II11F61yIB

Holiday activity for French kids in 1890. Learn how to draw a caricature of …. Bismarck! twitter.com/andreloez/stat…

RT @AllieRenison: Boyfriend back in Scotland couldn't find a Christmas tree this year…so he improvised with some literal bits and bobs in…

Sehr interessantes Gespraech mit @Jmhaas zum Jahresende 2020, Coronakirse und ihre Folgen. twitter.com/boell_intpol/s…

RT @boell_intpol: Für „böll.thema“ führte ich ein Gespräch mit @adam_tooze über die Umbrüche des Jahres 2020: Die #Coronakrise und ihre Fol…

US stimulus bill that is currently blocked creates a new Investment Tax Credit (ITC) for offshore wind equal to 30% of project capex. @BloombergNEF estimates $48 bn will be needed to build all offshore projects forecast by 2027, making the credit potentially worth $14.4 billion. https://t.co/WUmn18qANH

@tedfertik So you shift from sustainability to balance/overheating as the criterion ….

Ich habe mich mit @nymoen_ole über Oekomie der Zerstörung und die politische Ökonomie des Dritten Reiches unterhalten. War interessant. youtube.com/watch?v=HVJaA3… https://t.co/Nyz1GUezb9

The US stimulus bill provides $35bn for energy research OVER TEN YEARS! Thats $3.5bn per annum. Peanuts. @BloombergNEF https://t.co/mw5Ka1weGf

Annual toll of deforestation in Amazon has ticked up again in 2020. Far off peaks of early 2000s but still very serious. @chartrdaily via @SoberLook https://t.co/hoCNoCatP9

In 1984 Reagan won 80 out of the 100 counties with the largest share of college degrees. In 2020 Trump won 16 of them. Great data in this piece by @aaronzitner wsj.com/articles/how-t… https://t.co/uQmlDAp2e5

In US counties that voted for Trump, blue collar jobs outnumbered white collar and in those 15 that flipped to him, particularly so. In Biden’s counties white collar jobs predominate. @aaronzitner wsj.com/articles/how-t… https://t.co/OZBNUMaqdR

Brazil’s extreme inequality is very much a regional phenomenon. NE state Maranhao has average incomes less than half national average and 50% poverty rates. read.oecd-ilibrary.org/economics/oecd… https://t.co/qE2T1m303t

@jentaub @NathanTankus @StephanieKelton @rohangrey Thanks @jentaub for going to trouble of sending me all these. Really much appreciated. I am recovering from holiday-brain.

@StephanieKelton @jentaub @NathanTankus @rohangrey Cheers. Thanks. Was distracted by holiday. I guess my question is, what is changed by shifting argument to chosen MMT terrain of fiscal-inflation link?