Daniela Gabor @DanielaGabor Twitter profile

Pinned Tweet

Daniela Gabor

1 month

It's now official. The #WallStreetConsensus will soon be a book - about the return of the transformative state. There may be some Taylor Swift/Travis Kelce macrofinancial jokes (she inflation targeting, he Big Finance) in it.

32

66

505

Last Seen Profiles

@JOdoabuchi73232

@MrsCallsClass

@LaManzanaPlus

@timiszn__

@jiztheslave

@Haruka_mba

@DrChrisClack

@Sharvesini

@KitKattsama

@ELSASpeak_Japan

@FaithBruyning

@FardeenFKhan

@CallHimGoat

@JIdaIKO

@miramira0346

@aryemusic

@sakimichanmale

@HurleHenry

@prof_preobr

@StreetFighter

@eurospaincom

@noticieiro

@FormerFeds

@DioniScarpin

@GetLocoNow

@HannZiq

@LibhoGeza

@FrencHMonTanA

@GabrielleBursin

@Cavsanada

@CinderellaKone

@GroupGraves

@IPSAthletics

@IAMRockwell

@swashapp

@KristySwansonXO

Daniela Gabor

@DanielaGabor

1 year

kind of incredible, but US Fed's emergency lending to US banks was higher over the past week than during the global financial crisis/Lehman moment in 2008

64

1K

5K

Daniela Gabor

@DanielaGabor

10 months

the nation urges a trip abroad for Blair

Guardian news

@guardiannews

10 months

Tony Blair urges expanded role for private sector as NHS turns 75

327

35

134

10

521

5K

Daniela Gabor

@DanielaGabor

1 year

this is very big - Blackstone, the world's largest institutional landlord - is telling investors it has a massive liquidity problem

83

668

3K

Daniela Gabor

@DanielaGabor

1 year

missed this - the Socialist government in Portugal is rolling back decades of liberalisation policies undermining affordable housing. It plans to take over 725.000 unoccupied houses and rent them for up to 5 years, an 'affordability' intermediary.

Colin Millar

@Millar_Colin

1 year

Portugal's government announces radical plans to tackle housing crisis. Includes forcing all unoccupied homes to be put on market at affordable prices where it will act as estate agent. All rental prices will be capped and 'tourist apartments' prohibited.

97

2K

7K

19

353

3K

Daniela Gabor

@DanielaGabor

1 year

forget about SBV liabilities for a second, the real bailout story is the regime-change in the Fed's treatment of collateral: par value goes against every risk management commandment of the past 30 years. it turbocharges the monetary power of collateral

60

609

2K

Daniela Gabor

@DanielaGabor

7 months

Global South voices - here the President of Colombia - read in the European/US support of the genocide in Gaza a blueprint, an experiment for ecofascism that 'treats us as disposable lives'.

Gustavo Petro

@petrogustavo

7 months

La barbarie del consumo basado en la muerte de los demás nos lleva a un ascenso del fascismo sin precedente, y por tanto, a la muerte de la democracia y la libertad. Es la barbarie, o el 1933 global, como la llamo. 1933 fue año donde ascendió Hitler al poder. Lo que vemos en…

3K

7K

21K

25

787

2K

Daniela Gabor

@DanielaGabor

3 years

if you're shocked that Cuba developed a vaccine before France, dont be, it's result of long-term heavy public investment. Cuba is ready to give IP rights at near cost to rest of the world, something high-income countries have miserably failed to do.

Cuba’s homegrown Covid vaccine shows promise

Three-jab Soberana 2 has 62% efficacy after two doses, interim trial data show

www.ft.com

17

764

2K

Daniela Gabor

@DanielaGabor

1 year

when a US public university props up the world's largest institutional landlord while handwaving about racism and structural forms of oppression

16

351

2K

Daniela Gabor

@DanielaGabor

1 year

40% profit margin on the business of publishing academic research.

34

331

1K

Daniela Gabor

@DanielaGabor

2 years

one of Hunt's economic advisors on @BBCr4today has just spent 3 minutes talking about inflation in UK as a wage phenomenon, without mentioning for one second corporate profits, energy/supply shocks or the basic fact that we've had 10 years of real wage contraction in UK

32

428

1K

Daniela Gabor

@DanielaGabor

3 years

map of shame for rich countries

20

485

1K

Daniela Gabor

@DanielaGabor

6 months

Shock therapy is coming to Argentina and it will be bad for everyone except the 1%

Progressive International

@ProgIntl

6 months

BREAKING 🇦🇷 Results indicate that Javier Milei will be the next president of Argentina.

51

74

371

22

232

1K

Daniela Gabor

@DanielaGabor

10 months

blows my mind that most Carribean countries are paying more on debt service (mostly to bond holders) than what they spend on education/health, and at the very clear expense of public investment

15

368

1K

Daniela Gabor

@DanielaGabor

5 years

come @TheEconomist spell it out loud: 'socialism is good for bees, and the environment'

The Economist

@TheEconomist

5 years

Why are bees thriving in Cuba?

92

896

2K

7

193

890

Daniela Gabor

@DanielaGabor

2 years

wow, confiscating half of a poor country's dollar reserves, classy empire move.

The New York Times

@nytimes

2 years

Breaking News: President Biden is moving to split $7 billion in frozen Afghan central bank assets between 9/11 victims’ families and humanitarian aid in Afghanistan. The highly unusual set of moves is expected to be announced on Friday.

3K

2K

4K

4

152

861

Daniela Gabor

@DanielaGabor

7 months

not mincing words 'we are heading to barbary. Humanity, especially in the South, depends on the road we choose to address the climate crisis produced by the Global North. Gaza is the first experiment to treat us as disposable lives.'

5

232

859

Daniela Gabor

@DanielaGabor

2 years

a Hungarian economist once told me that global finance lets the (Orban) right do 'heterodox, strong state macro' far easier than the left, and I think of that often.

Lula keeps investors guessing on his economic vision for Brazil

Markets keen for details on how leftwing president can pursue path of fiscal responsibility

www.ft.com

16

140

835

Daniela Gabor

@DanielaGabor

2 years

there are many facets to Westplaining, the least appreciated is where Westerners start with the 'local political chaos' to explain the failure of neoliberal shock therapy after 1990, when the causality runs the other way around.

13

160

744

Daniela Gabor

@DanielaGabor

1 year

The green capitalist state in the Global North is a derisking state! in a new paper, I examine the political embrace of derisking in European/US green industrial policy, and consider the implications for decarbonisation.

2

141

588

Daniela Gabor

@DanielaGabor

1 year

Last week, Austria blocked Romania's entrance into Schengen group, for domestic (far) right politics. Fascinating, the outrage in Romania is now explicitly against Austrian capital and its vested capture of Romanian political elites across political spectrum.

10

142

570

Daniela Gabor

@DanielaGabor

14 days

oh look, a Dean that stands with students against repressive senior management - 'I imagine I will be fired today'.

WFIU/WTIU News

@WFIUWTIUNews

14 days

Associate Dean for Graduate Education Elizabeth Dunn spoke at the faculty gathering.

56

2K

8K

2

82

564

Daniela Gabor

@DanielaGabor

2 years

the pro Putin tankies are pointing to the rouble 'recovery' as signal that Russia is winning the war. guys, with capital controls, I can fix the currency at about any rate I want to.

16

100

544

Daniela Gabor

@DanielaGabor

3 years

my paper on the new Development as Derisking paradigm, or #WallStreetConsensus , or Washington Consensus updated for age of financial globalisation, is now out! thanks to @BJMbraun @nssylla @squirrelista @NanCAlexander @clariscap @crystalsimeoni

25

152

547

Daniela Gabor

@DanielaGabor

1 year

The German male professors response to @IsabellaMWeber is both shocking and a timely reminder of the ferocious gatekeeping. They really cannot stand that a young woman gets so much public attention for her insightful research.

Isabella M. Weber

@IsabellaMWeber

1 year

There is a clear supply-demand mismatch: demand for alternative economic perspectives huge, supply minuscule. Result: I’m overrun with requests. We need more unreal economists. I hope the market will deliver on this one.

41

162

1K

11

83

548

Daniela Gabor

@DanielaGabor

2 years

in shocking news, Big Finance will not decarbonise our economies, who could have guessed.

How ESG investing came to a reckoning

With allegations of greenwashing at the highest levels, does it still make sense for funds to package together environmental, social and governance factors?

www.ft.com

5

120

507

Daniela Gabor

@DanielaGabor

4 years

In mind-numbing non COVID events, European Commission is handing the keys to the green finance regulatory kingdom to Blackrock! and paying EUR 500k for it. h/t @Frank_vanlerven

Blackrock selected for European Commission study on integrating ESG into banking rules

World’s largest asset manager awarded EU banking mandate

www.responsible-investor.com

23

375

492

Daniela Gabor

@DanielaGabor

3 years

Today is private finance day #COP26 . It’s a big day, because private finance keeps fossil fuel companies alive and polluting despite commitments to net zero. If policy makers were serious about shrinking dirty lending, this is what you’d be reading in the press release 1/n:

8

174

506

Daniela Gabor

@DanielaGabor

2 years

want to understand the incoming Age of Institutional Landlords - minting assets out of your houses - and the state's role in it? our new report 'My House is an Asset Class' w @sebastianmkohl for @GreensEFA has (nearly) all the answers

12

176

492

Daniela Gabor

@DanielaGabor

5 months

shock therapy needs state violence to beat opposition into submission.

11

140

488

Daniela Gabor

@DanielaGabor

8 months

happy to share that I will be spending the next academic year @the_IAS in Princeton, working on a book and closer to Bideonomics

Daniela V Gabor

www.ias.edu

38

12

487

Daniela Gabor

@DanielaGabor

7 months

Some fucking sliver of decency in Europe.

Jonas Algers

@JonasAlgers

7 months

Norwegian government increases aid for the civilian population in Gaza with NOK 70 mn (~$6.4 mn). Says “UN reports 500 dead children. This is completely unacceptable”. Aid will be paid to UN and Norwegian aid organisations

16

209

968

4

67

474

Daniela Gabor

@DanielaGabor

3 years

what @FT forgot to tell you is that Berlin wants to housing back in public ownership because it's European city where institutional landlords - private equity & complex ecosystem behind - have been most aggressive in turning housing into an asset class

Berlin’s referendum and the housing costs fury

Expropriation would not solve underlying problems with the market

www.ft.com

10

157

462

Daniela Gabor

@DanielaGabor

3 years

remember those massive central bank purchases of governments bonds & 'we're here to close spreads' last year? my new report 'Revolution without revolutionaries: the return of monetary financing' argues we live in a world of Minsky without Keynes.

8

131

454

Daniela Gabor

@DanielaGabor

10 months

it's July 2023, and the FT has managed to write 2000 words on inflation without once mentioning profits. quite impressive, guys.

Why are interest rate rises not taming inflation?

Tight labour markets and outright home ownership delay the return to price stability

www.ft.com

24

110

446

Daniela Gabor

@DanielaGabor

4 months

Entering election year with fiscal austerity, the mind-blowing electoral strategy of SPD and Greens in power

15

99

446

Daniela Gabor

@DanielaGabor

11 months

the IMF first spells out that capital has won the distributional struggle, and then TINA: lower wages and austerity to 'discipline' capital into accepting lower profits

IMF

@IMFNews

11 months

Rising corporate profits were the largest contributor to Europe’s inflation over the past two years as companies increased prices by more than the spiking costs of imported energy.

402

8K

13K

14

182

443

Daniela Gabor

@DanielaGabor

1 year

At this point Marie Antoinette is looking more concerned with her subjects than the sado-monetarists at the Bank of England

12

96

439

Daniela Gabor

@DanielaGabor

25 days

This is what 'mobilising private investment' in infrastructure often looks like.

Yuan Yang

@YuanfenYang

25 days

Pretty incredible stats in the @FT today on the failure of private equity companies running our water companies:

4

112

204

2

179

445

Daniela Gabor

@DanielaGabor

2 years

Love how the viral clip for 'free market' is actually monopoly capitalism.

Hannibal Lecter

@Doc_Hannibal

2 years

Y así es como funciona el libre mercado.

3K

44K

180K

12

75

434

Daniela Gabor

@DanielaGabor

1 year

fintech bros' journey from 'true safe haven from the state' to 'no safe haven without the state' is both hilarious and also very very predictable

Conor Sen

@conorsen

1 year

“Why would anyone do financial services with firms other than the largest, most regulated (and secure) in the world?” likely won’t be going into any fintech pitch decks.

53

109

1K

8

121

434

Daniela Gabor

@DanielaGabor

2 years

US capital is worried Chile's working class is gonna make it more difficult to get cheap lithium for your Tesla.

Vincent Bevins

@Vinncent

2 years

The opening sentences of the Washington Post editorial opposing Chile's new constitution ↘️

704

10K

56K

15

119

430

Daniela Gabor

@DanielaGabor

2 years

two years ago, I argued central banks live in world of Minsky without Keynes, where they must intervene in government bond markets to prop up liquidity because of critical macrofinancial role that bonds play in modern finance. that is precisely what Bank of England did today

Daniela Gabor

@DanielaGabor

3 years

remember those massive central bank purchases of governments bonds & 'we're here to close spreads' last year? my new report 'Revolution without revolutionaries: the return of monetary financing' argues we live in a world of Minsky without Keynes.

8

131

454

5

100

430

Daniela Gabor

@DanielaGabor

8 months

Is @adam_tooze calling for an anti-capitalist revolution?

Adam Tooze

@adam_tooze

8 months

We have got to KILL that attitude.

67

201

2K

18

24

425

Daniela Gabor

@DanielaGabor

3 years

economists taking the piss wont tell you that she's capturing at least three debates in economics that we havent sorted out yet - inflation, prices, and money as social construct! h/t @graceblakeley

7

59

414

Daniela Gabor

@DanielaGabor

1 year

5 years ago, I told you how FTX would fall

Daniela Gabor

@DanielaGabor

6 years

if you repo your bitcoin, you issue a debt instrument whose claim to credibly store value relies on daily marking to market bitcoin collateral. Ask yourself what happens when bitcoin falls in price: crypto fire sales baby. #shadowmoney gone crypto

3

70

12

110

427

Daniela Gabor

@DanielaGabor

2 years

besides the obvious 'they're completely nuts' take, there is also the possibility that Truss mini-budget is a Trojan Horse for massive attack on the welfare state.

Kate Andrews

@KateAndrs

2 years

*Reminder* The Truss government wants interest rates to rise faster. It's a key part of its new economic strategy. So if market reaction to this mini-Budget forces the Bank of England's hand, that is a design feature, not a design flaw, of Truss's plan.

589

288

1K

14

141

416

Daniela Gabor

@DanielaGabor

4 months

Booming stock markets, record corporate profits, weakening state resolve to shrink carbon capital but yeah, we're on the dangerous path to socialism

Niall Ferguson

@nfergus

4 months

"The western world is in danger . . . because those who are supposed to defend the values of the west have been co-opted by a vision of the world that inexorably leads to socialism, and therefore to poverty.” Try to hear the whole of @JMilei 's speech at the @wef yesterday, a…

185

943

5K

10

87

414

Daniela Gabor

@DanielaGabor

1 year

Immense sadness today. Prof. Victoria Chick, the giant of Post Keynesian economics, has left us. A brilliant mind, imposing, witty and irreverent woman of immense generosity, we will miss you dear Vicky.

9

83

404

Daniela Gabor

@DanielaGabor

6 months

Every single EU Member State voted against making tax policy fairer globally. As feminists remind us, privilege and power will not be given up voluntarily.

ıuoəɯıs lɐʇsʎɹɔ

@crystalsimeoni

6 months

Coughs in Norway and GIZ ... If you know you know.... Anywaaaaay!!!! Celebration time

3

14

35

8

140

406

Daniela Gabor

@DanielaGabor

3 years

it's fashionable to bash Putin, but he's a historical consequence of Harvard boys, with Sachs in charge, wrecking Russian economy in the 1990s. Russian economy contracted by half in 3 years, real income by 40%, poverty rates rocketed - worse than 3 years of full COVID lockdown

11

109

377

Daniela Gabor

@DanielaGabor

3 years

let's all remember that a wage-price spiral only occurs if firms dump wage increases into prices, instead of reducing their profits. German workers here are asking for some share of that nice profit pie earned during pandemic.

Christophe Barraud🛢🐳

@C_Barraud

3 years

🇩🇪 German workers strike for higher pay as #inflation surges - FT *Link:

1

25

77

8

88

385

Daniela Gabor

@DanielaGabor

3 months

Three years ago, I wrote in @guardian about the fiscal fundamentalists in power, denouncing their 'maxed out card' as bad macroeconomics, pro-capital distributional politics Starmer's labour now clearly in that camp.

ITV News Politics

@ITVNewsPolitics

3 months

As Labour drops its pledge to spend £28bn a year on green investments, Sir Keir blamed the party's major U-turn on the Conservatives' 'reckless' plans to 'max out on the government credit card' after doing 'terrible damage to our economy'

556

316

1K

14

164

387

Daniela Gabor

@DanielaGabor

10 months

what a time for Labour MPs to abscond from denouncing these crimes, and prevent the Tories from criminalising boycotts.

Tom Bateman

@tombateman

10 months

#Jenin this morning -filmed by the BBC’s Jimmy Michael

1

4K

5K

9

102

386

Daniela Gabor

@DanielaGabor

16 days

Horrifying doesn't even begin to capture this

James Jackson

@derJamesJackson

16 days

The AfD is the most popular party among 14-29 year olds in Germany

259

784

5K

19

76

378

Daniela Gabor

@DanielaGabor

1 year

the problem with the IRA is that it exposes the political limits of a Euro project that relied on 'level playing field' assault on state aid to address the faultlines of an incomplete, German-dominated macrofinancial architecture.

Michael Shurkin

@MichaelShurkin

1 year

Ok, I read Macron's Echos interview about China. He said nothing new, and nothing the French haven't been saying for decades. What Americans should take away is that the IRA pisses off Europeans. We need to deal with that.

66

196

670

10

91

370

Daniela Gabor

@DanielaGabor

3 years

bankers against Biden's fiscal plan could really do with some proper fact-checking before sending their op-ed to the FT. We all understand 'it's ideology, stupid!', but no excuse for lazy arguments.

Dear Joe Biden, deficits still matter

New president’s plans for more stimulus risk exacerbating inequality and low productivity growth

www.ft.com

22

104

361

Daniela Gabor

@DanielaGabor

2 years

my new piece in @guardian - the Truss government & the Bank of England are waging an uncoordinated class war, on the same side of the distributional struggle between labour and capital, but at odds with each other

This economic chaos is a form of class war on the British public | Daniela Gabor

Trussonomics is the sharp end. But other, structural factors are also driving a systemic assault on working people, says economics professor Daniela Gabor

www.theguardian.com

8

159

366

Daniela Gabor

@DanielaGabor

3 years

This is massive - who really expected the US government to take on Big Pharma? Today the world feels a slight better place.

CNBC Now

@CNBCnow

3 years

BREAKING: U.S. backs Covid vaccine intellectual property waivers to expand access to shots worldwide

183

2K

9K

4

74

362

Daniela Gabor

@DanielaGabor

4 years

financial capitalism in #COVID19 times: you get bailed out by central banks in high-income countries, and then you get to pontificate about 'tailored' debt relief for poor countries to prevent 'moral hazard'

Creditors push back on G20 debt relief plea for emerging markets

Investors sceptical of bid to help ease economic and health hit of coronavirus

www.ft.com

9

240

363

Daniela Gabor

@DanielaGabor

2 years

Bank of England writes to Conservative MP to clarify with a nice graph who's to blame for the rise in gilts (you guys, not the Fed), and who can bring them down (us guys).

5

125

367

Daniela Gabor

@DanielaGabor

1 year

oh hi @ecb in the spirit of transparency and expectations anchoring, would be great if you could share those internal slides showing it's corporate profits, not wages, driving inflation

Insight: ECB confronts a cold reality: companies are cashing in on inflation

Huddled in a retreat in a remote Arctic village, European Central Bank policymakers faced up last week to some cold hard facts: companies are profiting from high inflation while workers and consumers...

www.reuters.com

12

145

359

Daniela Gabor

@DanielaGabor

2 years

OMG. In Eurozone macrofinancial politics, this is the equivalent of humans taking first steps on the Moon.

Mujtaba Rahman

@Mij_Europe

2 years

‼️ The Commission is planning to leverage cost of living crisis to propose major changes to EU fiscal rules (Stability & Growth Pact) in Oct - effectively jettisoning preventive arm, abandoning annual structural deficit targets & assessing debt sustainability over 10(not 1)yrs 1/

12

145

468

9

70

355

Daniela Gabor

@DanielaGabor

1 month

Staggering yet not surprising if one recalls the post 1990 shock therapies inflicted on most, leaving 'cheap labour migrating' growth models in their wake

François Valentin

@Valen10Francois

1 month

The hollowing of central and eastern Europe is staggering

102

758

4K

17

73

356

Daniela Gabor

@DanielaGabor

2 years

if I read one more take on how Russia wasnt ready to integrate into 'civilised capitalism' after collapse of central planning, I might vomit. guys, if your sudden geopolitical expertise doesnt account for shock therapy, you're looking a bit 'useful idiots'

Daniela Gabor

@DanielaGabor

3 years

it's fashionable to bash Putin, but he's a historical consequence of Harvard boys, with Sachs in charge, wrecking Russian economy in the 1990s. Russian economy contracted by half in 3 years, real income by 40%, poverty rates rocketed - worse than 3 years of full COVID lockdown

11

109

377

6

75

348

Daniela Gabor

@DanielaGabor

2 years

jokes aside, this is how history will remember the Johnson government and its many, many enablers

9

102

345

Daniela Gabor

@DanielaGabor

3 years

in a personal affront to many Eastern Europeans, Jefrey Sachs's wikipedia page has somehow erased his dubious role as Shock Therapist in Chief in Russia and elsewhere after the fall of communism.

Jeffrey Sachs - Wikipedia

en.wikipedia.org

5

86

336

Daniela Gabor

@DanielaGabor

4 years

very good morning to @FT who's joined the fight for coordination between central bank & government, and now recognises what some of us have said for a long time: 'there is no clear distinction between quantitative easing and monetary financing'.

Printing money is valid response to coronavirus crisis

Quantitative easing programmes may be here for the long term

www.ft.com

5

149

342

Daniela Gabor

@DanielaGabor

1 year

Unbelievable, Labour joining the fiscal fundamentalists in government destroying our public services.

Faisal Islam

@faisalislam

1 year

*** Labour likely to accept OBR numbers and 5 year timetable to reduce national debt/ GDP as baseline for manifesto

32

15

13

27

163

344

Daniela Gabor

@DanielaGabor

2 years

what really irritates at this dystopian phase of late financial capitalism is that financiers get to pontificate about problems they helped create and will certainly obstruct resolving.

Uli Volz

@UliVolz

2 years

BlackRock founder Larry Fink: “The one thing I worry about that we don’t talk enough about is food.” Perhaps we should also talk more about the role of BlackRock and other private creditors in the debt crisis facing the Global South?

0

52

192

5

79

343

Daniela Gabor

@DanielaGabor

2 years

nope, addressing poverty requires redistribution.

Addressing poverty means financial education in primary schools

Children must learn early money lessons to develop vital skills

www.ft.com

6

47

343

Daniela Gabor

@DanielaGabor

3 years

Oh no, Starmer is repeating the Tory line on 'we are at concerning levels of public debt' #marr

14

80

314

Daniela Gabor

@DanielaGabor

7 months

Well well @IsabellaMWeber

Barry Ritholtz

@Ritholtz

7 months

My reluctance on Greedflation -- skeptical at first, much less so today -- is officially shattered. $AMZN used its algo opportunistically during the post-pandemic inflationary surge to aggressively raise prices regardless of input or cost changes...

113

1K

3K

5

77

330

Daniela Gabor

@DanielaGabor

6 months

Well well. A Spain-Belgium axis of humanity.

AHMED | أحمد

@ASE

6 months

The deputy Prime Minister of #Belgium is saying it is time for sanctions against #Israel . #moreofthis

839

16K

38K

5

63

333

Daniela Gabor

@DanielaGabor

8 months

A pretty common position on the econ left, yet @IsabellaMWeber gets attacked like she called for a revolution.

Isabella M. Weber

@IsabellaMWeber

8 months

Far right Alternative for Germany #2 in the polls ahead of all three governing parties. This should be a wake-up call. For economic policy this means: Ending austerity, ending the decline in living standards of the many, starting an ambitious public investment agenda.

249

1K

5K

12

37

328

Daniela Gabor

@DanielaGabor

3 years

I dont know how the pandemic is working for you, but Blackstone, the world's largest institutional landlord, just had its best quarter ever.

13

99

326

Daniela Gabor

@DanielaGabor

6 months

Ready for the @adam_tooze Tanner Lectures, with an exciting set of respondents, including Deirdre McCloskey(!!!), full house today at Princeton

Princeton University Press @princetonupress.bsky.s

@PrincetonUPress

6 months

We’re looking forward to this year’s Tanner Lectures @Princeton , delivered on Nov 9 and Nov 10 by @adam_tooze with PUP author Angus Deaton among the commentators. Free & open to the public, with livestream. Learn more:

2

10

42

7

26

326

Daniela Gabor

@DanielaGabor

3 years

the craziest invention of financial capitalism is my pension fund investing in a closed private equity fund that runs private care-homes, in which I may end up one day, and die faster than if we collectively agreed to organise all this through the state

Daniela Gabor

@DanielaGabor

3 years

Oh look, private equity is more deadly than COVID19 - cc @BJMbraun

5

55

133

9

109

318

Daniela Gabor

@DanielaGabor

2 years

fascinating @adam_tooze on whether we'll see Russia abandon its Wall Street Consensus macrofinancial regime - fiscal austerity, floating exchange rate, domestic bond finance - that it deployed to accumulate a foreign reserves war chest.

Chartbook #91: What if Putin's war regime turns to MMT?

... or to wartime Keynesianism?

adamtooze.substack.com

5

99

320

Daniela Gabor

@DanielaGabor

6 months

I endorse this take

Aidan Regan

@Aidan_Regan

6 months

Ordoliberal, New Keynesian, Post-Keynesian, Marxist.

9

161

1K

7

26

321

Daniela Gabor

@DanielaGabor

2 years

Yes, we in Eastern Europe do remember Jeffrey Sachs as a willing perpetrator of US economic violence via shock therapy, so spare us the sermon.

dilan

@dpgcook

2 years

holy shit Jeffrey Sachs says “the most violent country in the world since 1950 has been the United States” then the moderator cuts him off and the audience applauds lmao

494

5K

22K

13

42

308

Daniela Gabor

@DanielaGabor

2 years

Europe's willingness to 'run' a war economy with ordoliberal macro continues to blow my mind.

15

73

308

Daniela Gabor

@DanielaGabor

2 years

you know your macrofinancial regime is dying when the World Bank has to point out the obvious

7

108

310

Daniela Gabor

@DanielaGabor

2 months

kind of crazy that Europe is spending more on defence this year than what the European Commission estimated would be required (EUR 120 bn) in green investment to make European cleantech competitive against China/US IRA

12

91

313

Daniela Gabor

@DanielaGabor

3 months

Congratulations South Africa for giving us hope. #ICJ

5

44

310

Daniela Gabor

@DanielaGabor

2 years

Everyone and their granny endorsing carbon prices while bashing @IsabellaMWeber 'strategic price controls' for wrong historical analogy, or lack of specific sector specific proposals in an 800 words op-ed, we see you.

5

40

303

Daniela Gabor

@DanielaGabor

3 years

what should we make of repeated calls for 'getting carbon prices right' or 'trusting the power of price signals' #COP26 ? it's code, we worry w @IsabellaMWeber , for #CarbonShockTherapy coming to a Global South country near you

COP26 should distance itself from carbon shock therapy

Decarbonisation requires a return to strategic planning not market-led shock therapy, argue Daniela Gabor and Isabella Weber.

www.ft.com

7

121

302

Daniela Gabor

@DanielaGabor

11 months

No matter how many 'neoliberalism is dead, long live strategic cooperation' speeches Jake Sullivan makes, no country in the Global South can compete with these subsidies to capital.

Noah Kaufman

@noahqk

11 months

Wild stat if true. It may be >40% cheaper to make clean steel in the US versus Germany in 2030, largely due to subsidies.

10

79

302

13

62

295

Daniela Gabor

@DanielaGabor

2 years

My undergraduate students come to the same conclusion at the end of a 2000 word essay on Globalisation and inflation targeting.

David (Doomster and Naysayer) Higham

@oldtrotter

2 years

From today’s FT.

17

74

383

7

47

304

Daniela Gabor

@DanielaGabor

1 year

friends, your employer may not be adjusting wages in line with inflation, but your institutional landlord does adjust your rent and is proud of it.

6

53

295

Daniela Gabor

@DanielaGabor

2 years

if you're wondering how did we end up with modern financial systems organised around government debt collateral, my 2016 paper on the impossible repo trinity is a good start - cc @tracyalloway

2

64

301

Daniela Gabor

@DanielaGabor

4 years

how we fell out of love with Europe, Romanian reserve army of labour #COVID19 edition Germany & Romania agree to let seasonal agricultural workers cross borders. Several days later, chaos in Cluj airport, 2000 people queuing during 'pandemic lockdown' for chartered flights

14

215

288

Daniela Gabor

@DanielaGabor

2 years

Improving macroeconomic literacy in Germany must be a priority for Europe.

FT Europe

@ftbrussels

2 years

Improving financial literacy must be a priority for Europe

1

19

68

7

36

297

Daniela Gabor

@DanielaGabor

1 year

Ha, quite rich from the country that has led the green race subsidies to the very bottom

FT China

@ftchina

1 year

Janet Yellen to warn China against ‘unfair’ economic practices

14

6

14

15

39

285

Daniela Gabor

@DanielaGabor

6 months

Carbon wealth taxes are for the left what carbon prices are for the right - distractions consuming political energy

Chiara Mariotti

@chiaramariotti

6 months

Richest 1% account for more carbon emissions than poorest 66%, and the solution starts with taxing the ultra-rich and fossil fuel. As usual, some scary stats + good sense recommendations from @Oxfam

0

11

29

6

67

288

Daniela Gabor

@DanielaGabor

1 year

until yesterday, in my 15 years of researching central banks collateral I have never heard one single central banker contesting this common wisdom: never, ever par value

4

55

284

Daniela Gabor

@DanielaGabor

5 years

Blackrock is the new central planner of late capitalism

9

110

276

Daniela Gabor

@DanielaGabor

7 months

if I may disagree, Labour does not have plans for state-led capital investment. It has plans for capital-led, state-derisked investment, a Bidenomics blueprint.

josh ryan-collins

@jryancollins

7 months

Labour plans for state-led capital investment are great news. But at some point they will have to face up to the fact that the growth this will generate will not arrive in time to support public services.

3

5

27

5

62

281

Daniela Gabor

@DanielaGabor

1 year

New @ecb data shows that corporate profits have had a fantastic 2022, unlike European workers. A war economy indeed.

11

154

283

Daniela Gabor

@DanielaGabor

4 years

my #WallStreetConsensus paper: escorting financial capital to SDG in Global South via (a) structural transformation of local financial systems and (b) state derisking PPP-based SDG assets (for demand, political, climate & liquidity risks)

The Wall Street Consensus

Abstract: The Wall Street Consensus is an elaborate effort to reorganize development interventions around partnerships with global finance. The Billions to Trillions agenda, the World Bank’s Maximi...

osf.io

8

87

281