ADAM TOOZE

Why no full employment mandate for the ECB? Did a column for @socialeurope on the ECB and its mandate… https://t.co/brDNTvSOS3

Profits in excess of cost of capital are concentrated in top 10% of global firms. 60% merely cover cost of capital… https://t.co/6QPPmll1t5

The falling rate of US labour market participation v. Europe with far worse demography is remarkable.… https://t.co/V8BxSyBLBJ

@InncentBystndr @WhiteyShlomoG I won’t deny I’m partisan. But it is the process itself that is so incredibly dysfunctional.

"What are central banks for?", asks @adam_tooze. The final two paras on why legal mandates matter make a very impor… https://t.co/hQ6NZWLsdv

The median age of Europeans is 42 more than twice the median age of African neighbors which is 18! @wef via… https://t.co/092pnv9cH2

Next stage in evisceration of US fiscal capacity. Estimates of Fed revenue through 2024 are down by $2trn since 201… https://t.co/qLvYsObeRT

The extent to which the US budgetary process is broken is hard to exaggerate: White House lays out its “budget prop… https://t.co/iWL6rCGRby

In Europe mortgage securitization was an option in the US IT IS THE SYTEM. Non Agency reestablishing itself in rece… https://t.co/6PMcILW1KZ

Delighted that Crashed won this very cool German prize for Wirtschaftspublizistik from the @FEStiftung delighted to… https://t.co/Y15fFNr4yQ

On the politics of monetary policy, democratic iterations (Benhabib), the struggle to revive the legacy of Coretta… https://t.co/PADw7u0Zki

Useful round up by @bobdavis187 of latest batch of skeptical papers about China’s growth record. A closer look at V… https://t.co/zaAhYOStwi

In 1990 New Zealand’s central bank provided the model for the new era of single target inflation-targeting central… https://t.co/Ez8dpk1XCp

@mjturner1975 @OstrumAM @SoberLook historically it did!

@marcmakingsense @OstrumAM @SoberLook nope. dont think so, which is why i formulated the tweet as cautiously as I did.

@sjwrenlewis Or, as I argue in my book, using precisely the same argument (no more divine coincidence): maximize gr… https://t.co/fjzvas0gxk

Why protectionism is such a scary word for Europeans! Their economies are FAR more trade exposed than is the US.… https://t.co/jmQRfK1MjQ

"Forecast errors and monetary policy normalisation in the euro area” by @ZsoltDarvas is a devastating review of gap… https://t.co/A8Oyz0cIQy

As American labour markets have tightened it is the bottom half of the wage distribution that has done relatively b… https://t.co/gDL5ujSCsU

@OpenVeinsUK @martinwolf_ Good question! If I wrote the book a 2nd time and had one more chapter to add It would be… https://t.co/ZP4ugYxRZZ

@majorosgy I take your point and hint at it in the essay. But isn’t the crucial thing to make them politically answ… https://t.co/cu9IsKeft6

The surge in government spending in OECD countries in last half century is accounted for entirely by health and old… https://t.co/x77HHfZZGi

Why no full employment mandate for the ECB? Did a column for @socialeurope on the ECB and its mandate… https://t.co/C96jpsKIyK

Good piece on why Beijing’s large-scale tax cuts and spending may not accomplish as much as in 2008 https://t.co/AGFrZZBqnm

So the Philadelphia airport is playing Nixon’s resignation speech over the intercom and it feels wonderfully shady

Nigeria's lack of fiscal capacity is spectacular -> does not have resources necessary to make the public sector int… https://t.co/5owXbimoN4

Whereas Nigeria’s growth rate has been crippled by fall in oil prices and structural issues, Ethiopia has ramped up… https://t.co/qUpDpx7bMi

one for @policytensor https://t.co/SbbmGXqMht

"Nigeria, a country whose population may this year pass 200m, distributes and consumes about as much electricity as… https://t.co/AAM4gOOGdy

Since collapse in oil prices in 2014 Nigeria’s growth prospects have collapsed, pointing to future of 0 per capita… https://t.co/BECAM1O8M3

In financing and insurance the global farming industry receives a share of total global credit supply of only 2.9 p… https://t.co/N2q19WWPz5

China, China, China – acting Sec of Defense Shanahan has one key message for the DoD.: the high tech great power co… https://t.co/RJ6zARletU

Lockheed Martin’s learning curve for the F35 fighter: labour costs per aircraft have fallen by 70% or more as produ… https://t.co/5x1XrBb8UD

Not all debt poses the same kind of risks: Foreign ownership of local currency bonds is a major indicator of vulner… https://t.co/cyrJPYj9vX

Since 2001 the US government has spent $55.5 bn developing the F35 fighter aircraft. Is there any other single proj… https://t.co/BHsQSxYaOE

America’s myopic focus on the bilateral deficit with China obscures broader shift towards balance or even deficit i… https://t.co/szK71FUuQH