Dan Rohde
@danrohde.bsky.social
Assist Prof Windsor Law | legal history of money, banking and central banking, especially in Canada | LPE/Const Approach to Money | co-ed @justmoney.bsky.social | sjd harvard law | Papers: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2799391
Pinned
Dan Rohde
@danrohde.bsky.social
· Sep 12
Who is a central bank for? The founding and legal design of the Bank of Canada1
Abstract. The Bank of Canada is an independent Crown corporation that sees its primary responsibility to be promoting Canada’s economic welfare by maintain
academic.oup.com
A thread on my new paper published in the American Journal for Legal History, which offers the first ever legal history of the @bankofcanada.ca's founding: academic.oup.com/ajlh/advance...
I think this touches a deep, often-overlooked point. In my labour law days, I saw some employers spend MORE money fighting unionization than they would have paid accepting it. Loss of control was driving them at least as much as profits! Control is vital – with environmental policy as well.
I should write the argument up properly somewhere, but I think this is fundamentally wrong. A decisive fraction of the capitalist class does oppose addressing the climate crisis, but *not* because it would be bad for profits. If anything, a green New Deal type program would raise aggregate profits.
Yes, this is correct. And the reason is because our capitalist classes have decided that it is not sufficiently profitable, so they're not going to do it.
We must understand this reality. Capital *cannot* be relied upon to address the climate crisis.
We must understand this reality. Capital *cannot* be relied upon to address the climate crisis.
November 10, 2025 at 4:37 PM
I think this touches a deep, often-overlooked point. In my labour law days, I saw some employers spend MORE money fighting unionization than they would have paid accepting it. Loss of control was driving them at least as much as profits! Control is vital – with environmental policy as well.
Reposted by Dan Rohde
Every time you try to explain this to someone in Europe you're met with total incredulity: "What do you mean by you can't just press a button to send money from A to B through the banking system? What does that mean?"
Paying my US student loans is reminding me that the US payment system is GARBAGE! Just trash. I know it's not surprising given how many aspects of American infrastructure are falling apart, but it's worth saying. The US payment system is like a collapsing highway, but too few are paying attention.
November 10, 2025 at 3:45 PM
Every time you try to explain this to someone in Europe you're met with total incredulity: "What do you mean by you can't just press a button to send money from A to B through the banking system? What does that mean?"
Paying my US student loans is reminding me that the US payment system is GARBAGE! Just trash. I know it's not surprising given how many aspects of American infrastructure are falling apart, but it's worth saying. The US payment system is like a collapsing highway, but too few are paying attention.
November 10, 2025 at 3:32 PM
Paying my US student loans is reminding me that the US payment system is GARBAGE! Just trash. I know it's not surprising given how many aspects of American infrastructure are falling apart, but it's worth saying. The US payment system is like a collapsing highway, but too few are paying attention.
Reposted by Dan Rohde
NEW @crisesnotes.bsky.social: I continue my deep dive into the intellectual origins of my "conventional wisdom processor". Here I examine the role of economists at Google, Amazon, Uber etc. in propagating an entirely different notion of markets.
www.crisesnotes.com/what-connect...
www.crisesnotes.com/what-connect...
What Connects Conventional Wisdom Processors, AI and The Second Trump Administration’s Constitutional Crisis? Part Two
This is Part Two of a three part series. Find Part one here.
Subscribe Today!
One of the most important microeconomics textbook writers ever is a man named Hal Varian. Generations o...
www.crisesnotes.com
November 9, 2025 at 12:14 PM
NEW @crisesnotes.bsky.social: I continue my deep dive into the intellectual origins of my "conventional wisdom processor". Here I examine the role of economists at Google, Amazon, Uber etc. in propagating an entirely different notion of markets.
www.crisesnotes.com/what-connect...
www.crisesnotes.com/what-connect...
Very interestingly, the 2025 Budget is putting forth a radically different approach to open banking than the previous govt. It's being moved from FCAC to the @bankofcanada.ca and being given a much more structured approach. Canada.ca share.google/3FddXC3J8E88...
Canada.ca
The Government of Canada website is a single point of access to all programs, services, departments, ministries and organizations of the Government of Canada.
Canada.ca
November 6, 2025 at 10:25 PM
Very interestingly, the 2025 Budget is putting forth a radically different approach to open banking than the previous govt. It's being moved from FCAC to the @bankofcanada.ca and being given a much more structured approach. Canada.ca share.google/3FddXC3J8E88...
I know everyone is rightly talking about the election right now and not baseball, but this is hugely good news for the #bluejays! Let's run it back! Only better!
An early, unexpected offseason win for the #BlueJays: Shane Bieber has opted in.
Full story on the news from last night:
www.mlb.com/bluejays/new...
Full story on the news from last night:
www.mlb.com/bluejays/new...
Bieber opts in to return to Blue Jays rotation
TORONTO -- Just days into the offseason following their loss in Game 7 of the World Series to the Dodgers, the Blue Jays have already tallied their first win.
Shane Bieber on Wednesday opted in with t...
www.mlb.com
November 5, 2025 at 4:01 PM
I know everyone is rightly talking about the election right now and not baseball, but this is hugely good news for the #bluejays! Let's run it back! Only better!
Reposted by Dan Rohde
BREAKING: Zohran Mamdani wins the New York City mayoral race, NBC News projects. nbcnews.to/4nIzNUC
November 5, 2025 at 2:33 AM
BREAKING: Zohran Mamdani wins the New York City mayoral race, NBC News projects. nbcnews.to/4nIzNUC
Reposted by Dan Rohde
Shane Bieber will opt into his one-year, $16M player option with the Blue Jays, keeping him in Toronto for the 2026 season. 🙌
(H/T Jon Heyman, @nypost)
(H/T Jon Heyman, @nypost)
November 5, 2025 at 3:27 AM
Shane Bieber will opt into his one-year, $16M player option with the Blue Jays, keeping him in Toronto for the 2026 season. 🙌
(H/T Jon Heyman, @nypost)
(H/T Jon Heyman, @nypost)
Actually pretty interesting. What we really need is a public digital payment system without fees - you don't pay a fee to accept cash!
November 5, 2025 at 1:19 AM
Actually pretty interesting. What we really need is a public digital payment system without fees - you don't pay a fee to accept cash!
Reposted by Dan Rohde
I think some Democrats are indeed deeply worried about the repercussions, but those repercussions are not about losing the electorate; they are about having to change in ways that some find unthinkable, I guess.
The framing of this is hilarious: Democrats deeply worried about the repercussions of a victory
www.msnbc.com/msnbc/news/m...
www.msnbc.com/msnbc/news/m...
As Mamdani nears victory, Democrats worry about national fallout
The progressive candidate is on the cusp of a historic mayoral win. And that's adding to unease among Democrats looking for a way back to national power.
www.msnbc.com
November 4, 2025 at 11:50 PM
I think some Democrats are indeed deeply worried about the repercussions, but those repercussions are not about losing the electorate; they are about having to change in ways that some find unthinkable, I guess.
Reposted by Dan Rohde
🚨More scholarship! In 'Noisy Politics, Quiet Technocrats' @benbraun.bsky.social & Maximilian Düsterhöft comb more than 11,000 speeches by 18 central banks to explore whether CBs discuss politically controversial topics, shedding light on how CBs strategically interact within their social context.🏦🌐
Current ScholarshipNoisy Politics, Quiet Technocrats: Strategic Silence by Central Banks
Benjamin Braun & Maximilian Düsterhöft
justmoney.org
November 4, 2025 at 7:44 PM
🚨More scholarship! In 'Noisy Politics, Quiet Technocrats' @benbraun.bsky.social & Maximilian Düsterhöft comb more than 11,000 speeches by 18 central banks to explore whether CBs discuss politically controversial topics, shedding light on how CBs strategically interact within their social context.🏦🌐
Reposted by Dan Rohde
If you missed these memes yesterday you are in for a treat.
The nasty saleswoman who wouldn’t help Vivian in “Pretty Woman” has endorsed Andrew Cuomo.
November 4, 2025 at 4:16 PM
If you missed these memes yesterday you are in for a treat.
Yup
O'DONNELL: Why did you pardon Changpeng Zhao?
TRUMP: Are you ready? I don't know who he is
O'DONNELL: His crypto exchange Binance helped facilitate a $2b purchase of World Liberty Financial's stablecoin. And they you pardoned him.
TRUMP: Here's the thing -- I know nothing about it
TRUMP: Are you ready? I don't know who he is
O'DONNELL: His crypto exchange Binance helped facilitate a $2b purchase of World Liberty Financial's stablecoin. And they you pardoned him.
TRUMP: Here's the thing -- I know nothing about it
November 4, 2025 at 4:01 AM
Yup
Reposted by Dan Rohde
As @lpeblog.bsky.social says, I caught some strays in this one.
Hope I'll have some time to respond over winter break, because we're entering productive territory here. I would agree that consumer protection is inherently limited & I know @sanjukta.bsky.social would agree that antitrust is...
Hope I'll have some time to respond over winter break, because we're entering productive territory here. I would agree that consumer protection is inherently limited & I know @sanjukta.bsky.social would agree that antitrust is...
Today, Matthew Dimick argues that while antitrust may promise to tame corporate power, it leaves untouched the deeper logic of capitalism that compels production for profit’s sake.
The latest in our mini-series on Marxism and Antitrust.
The latest in our mini-series on Marxism and Antitrust.
Marx, Antitrust, and the Logic of Capital
Antitrust may promise to tame corporate power, but it leaves untouched the deeper logic of capitalism that compels production for profit's sake. In this sense, antitrust is not voluntarist enough…
lpeproject.org
November 3, 2025 at 7:30 PM
As @lpeblog.bsky.social says, I caught some strays in this one.
Hope I'll have some time to respond over winter break, because we're entering productive territory here. I would agree that consumer protection is inherently limited & I know @sanjukta.bsky.social would agree that antitrust is...
Hope I'll have some time to respond over winter break, because we're entering productive territory here. I would agree that consumer protection is inherently limited & I know @sanjukta.bsky.social would agree that antitrust is...
The best defence in baseball didn't get a single Gold Glove. (No I'm not counting Ty France, who earned his playing for the Twins.) That's some garbage!
2025 AL Gold Glove Award winners:
P - Max Fried
C - Dillon Dingler
1B - Ty France
2B - Marcus Semien
3B - Maikel Garcia
SS - Bobby Witt Jr.
LF - Steven Kwan
CF - Ceddanne Rafaela
RF - Wilyer Abreu
UTIL - Mauricio Dubón
P - Max Fried
C - Dillon Dingler
1B - Ty France
2B - Marcus Semien
3B - Maikel Garcia
SS - Bobby Witt Jr.
LF - Steven Kwan
CF - Ceddanne Rafaela
RF - Wilyer Abreu
UTIL - Mauricio Dubón
November 3, 2025 at 5:45 PM
The best defence in baseball didn't get a single Gold Glove. (No I'm not counting Ty France, who earned his playing for the Twins.) That's some garbage!
Reposted by Dan Rohde
This statement isn’t quite false, but it’s quite misleading. *After tax* household income of $190,000 does put you in the top decile. But in everyday English, “make” normally refers to pretax income. In which case you need more like $350,000.
If both you and your partner make $95,000/year or more, you are in the top 10% of earners.
A really underappreciated issue in American politics is that there are many rich people who do not wish to acknowledge that they are, in fact, rich.
A really underappreciated issue in American politics is that there are many rich people who do not wish to acknowledge that they are, in fact, rich.
Top 10% by income now getting half of all consumption
November 2, 2025 at 8:12 PM
This statement isn’t quite false, but it’s quite misleading. *After tax* household income of $190,000 does put you in the top decile. But in everyday English, “make” normally refers to pretax income. In which case you need more like $350,000.
Being a Toronto sports fan is just having your heart broken over and over again
November 2, 2025 at 7:25 PM
Being a Toronto sports fan is just having your heart broken over and over again
Hate how it ended, but the Jays had a postseason for the ages
Most hits in a single postseason:
2025 Ernie Clement: 30
2025 Vladimir Guerrero Jr.: 29
2020 Randy Arozarena: 29
2025 Ernie Clement: 30
2025 Vladimir Guerrero Jr.: 29
2020 Randy Arozarena: 29
November 2, 2025 at 1:11 PM
Hate how it ended, but the Jays had a postseason for the ages
My son literally crying himself to sleep last night. We all were! Baseball is a game for masochists!
watched the end of game 7 from canada and at the end of game canadian tv cut to a literal child crying in blue jays swag
November 2, 2025 at 12:55 PM
My son literally crying himself to sleep last night. We all were! Baseball is a game for masochists!
Yes I am dead
I’m enjoying the games and the drama, but I honestly believe if I was a real fan of either of these teams I’d be dead from a coronary.
November 2, 2025 at 4:22 AM
Yes I am dead
Reposted by Dan Rohde
When @mark-carney.bsky.social ran his election campaign on #elbowsup what he really meant was #suckingup
You don't have to agree Ford's ad was a good idea to understand apologizing to The Orange Infant for "offending" him is not what we want nor will it work
www.theglobeandmail.com/politics/art...
You don't have to agree Ford's ad was a good idea to understand apologizing to The Orange Infant for "offending" him is not what we want nor will it work
www.theglobeandmail.com/politics/art...
November 1, 2025 at 1:12 PM
When @mark-carney.bsky.social ran his election campaign on #elbowsup what he really meant was #suckingup
You don't have to agree Ford's ad was a good idea to understand apologizing to The Orange Infant for "offending" him is not what we want nor will it work
www.theglobeandmail.com/politics/art...
You don't have to agree Ford's ad was a good idea to understand apologizing to The Orange Infant for "offending" him is not what we want nor will it work
www.theglobeandmail.com/politics/art...
Incredibly smart successful people can often think their intelligence and success in one area will easily translate to another. Carney (evidently smart and successful) seems to have fallen head-first into this trap.
www.cbc.ca/news/politic...
www.cbc.ca/news/politic...
ANALYSIS | Carney's talk of 'sacrifices' suggests Canadians could soon face those tough choices | CBC News
It remains unclear exactly what those sacrifices will be or how they will be distributed. But the mere mention of sacrifices makes clear that Canadians are about to be faced with some real choices abo...
www.cbc.ca
November 1, 2025 at 4:29 PM
Incredibly smart successful people can often think their intelligence and success in one area will easily translate to another. Carney (evidently smart and successful) seems to have fallen head-first into this trap.
www.cbc.ca/news/politic...
www.cbc.ca/news/politic...
Reposted by Dan Rohde
Trying to think of an ethical, defensible use of the "notwithstanding" clause in recent times...
Any thoughts, pocket friends?
Any thoughts, pocket friends?
November 1, 2025 at 1:44 PM
Trying to think of an ethical, defensible use of the "notwithstanding" clause in recent times...
Any thoughts, pocket friends?
Any thoughts, pocket friends?