New Left EViews
@newlefteviews.bsky.social
Economist, writer etc • Int'l & European political economy, geoeconomics, climate. Some fraction of patreon.com/eurotrash. Tragic AS Roma fan.
Reposted by New Left EViews
“…central bankers like Powell or Ueda are now the resplendent agents of world history, whose every word is of global systemic and political import and whose meticulously scripted press conferences weigh on the minds of financial analysts like a dull nightmare.” - @newlefteviews.bsky.social
October 16, 2025 at 11:18 PM
“…central bankers like Powell or Ueda are now the resplendent agents of world history, whose every word is of global systemic and political import and whose meticulously scripted press conferences weigh on the minds of financial analysts like a dull nightmare.” - @newlefteviews.bsky.social
Reposted by New Left EViews
🚨🎙️
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
September 24, 2025 at 3:28 PM
🚨🎙️
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
🚨🎙️
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
September 24, 2025 at 3:28 PM
🚨🎙️
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
Friends –– David Adler, Anton Jäger and I are restarting our 'Eurotrash' podcast. Our first ep back is actually an important one, with David reporting from the Global Sumud Flotilla currently en route to Gaza, bearing aid and being attacked by drones. Listen in!
www.patreon.com/posts/15-eur...
Reposted by New Left EViews
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 28, 2025 at 8:46 PM
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Reposted by New Left EViews
This is a great article on Central Bank "Independence" jacobin.com/2025/08/cent...
The Long Twilight of Central Bankism
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa C...
jacobin.com
August 31, 2025 at 2:48 PM
This is a great article on Central Bank "Independence" jacobin.com/2025/08/cent...
Reposted by New Left EViews
Lev Menand is blistering here. Must listen. Meeting the moment. Incredible stuff from @weisenthal.bsky.social and @tracyalloway.bsky.social on Odd Lots.
overcast.fm/+AA5AWNdOBV0
overcast.fm/+AA5AWNdOBV0
Lev Menand on Trump’s Attempt to Fire the Fed’s Lisa Cook — Odd Lots
overcast.fm
August 27, 2025 at 12:02 AM
Lev Menand is blistering here. Must listen. Meeting the moment. Incredible stuff from @weisenthal.bsky.social and @tracyalloway.bsky.social on Odd Lots.
overcast.fm/+AA5AWNdOBV0
overcast.fm/+AA5AWNdOBV0
Reposted by New Left EViews
Incisive writing here on the "central bank independence" that Trump is undermining.
Can't help but think about this from a climate perspective, as climate policymaking, like inflation, suffers from a time inconsistency and credibility problem. What would a "climate Fed" do?
Can't help but think about this from a climate perspective, as climate policymaking, like inflation, suffers from a time inconsistency and credibility problem. What would a "climate Fed" do?
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 29, 2025 at 7:53 PM
Incisive writing here on the "central bank independence" that Trump is undermining.
Can't help but think about this from a climate perspective, as climate policymaking, like inflation, suffers from a time inconsistency and credibility problem. What would a "climate Fed" do?
Can't help but think about this from a climate perspective, as climate policymaking, like inflation, suffers from a time inconsistency and credibility problem. What would a "climate Fed" do?
Reposted by New Left EViews
A refreshing take on the myth of central bank independence: The Long Twilight of Central Bankism jacobin.com/2025/08/cent...
The Long Twilight of Central Bankism
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa C...
jacobin.com
August 29, 2025 at 7:59 AM
A refreshing take on the myth of central bank independence: The Long Twilight of Central Bankism jacobin.com/2025/08/cent...
Reposted by New Left EViews
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 29, 2025 at 10:07 AM
Reposted by New Left EViews
And: stop fretting about ‘independence’ and ‘fiscal dominance’, but the following dynamic: gov surrenders fiscal policy discretion to CB, while CB follows the lead of the out of control drunk that is the market-based financial system—financial dominance all the way down. Basically the UK.
August 28, 2025 at 9:00 PM
And: stop fretting about ‘independence’ and ‘fiscal dominance’, but the following dynamic: gov surrenders fiscal policy discretion to CB, while CB follows the lead of the out of control drunk that is the market-based financial system—financial dominance all the way down. Basically the UK.
Reposted by New Left EViews
“Since the Great Recession, central banks have been under siege from some variant of populism while propping up the financial system practically alone.”
@newlefteviews.bsky.social on the attacks on Lisa Cook and the fed, the convenient myth of independence, and a recent history of central banking.
@newlefteviews.bsky.social on the attacks on Lisa Cook and the fed, the convenient myth of independence, and a recent history of central banking.
August 28, 2025 at 9:12 PM
“Since the Great Recession, central banks have been under siege from some variant of populism while propping up the financial system practically alone.”
@newlefteviews.bsky.social on the attacks on Lisa Cook and the fed, the convenient myth of independence, and a recent history of central banking.
@newlefteviews.bsky.social on the attacks on Lisa Cook and the fed, the convenient myth of independence, and a recent history of central banking.
Reposted by New Left EViews
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 28, 2025 at 8:39 PM
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
And: stop fretting about ‘independence’ and ‘fiscal dominance’, but the following dynamic: gov surrenders fiscal policy discretion to CB, while CB follows the lead of the out of control drunk that is the market-based financial system—financial dominance all the way down. Basically the UK.
August 28, 2025 at 9:00 PM
And: stop fretting about ‘independence’ and ‘fiscal dominance’, but the following dynamic: gov surrenders fiscal policy discretion to CB, while CB follows the lead of the out of control drunk that is the market-based financial system—financial dominance all the way down. Basically the UK.
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 28, 2025 at 8:46 PM
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 28, 2025 at 8:39 PM
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
Asking once again:
Does this site enable group chats now?
August 19, 2025 at 1:24 PM
Asking once again:
By the way: you could have predicted all of this if you had spent just one day some where in the West Bank at any point this century. Nothing that is happening now would have come as a great surprise to you.
July 27, 2025 at 12:45 PM
By the way: you could have predicted all of this if you had spent just one day some where in the West Bank at any point this century. Nothing that is happening now would have come as a great surprise to you.
Reposted by New Left EViews
So thankful I can express myself and explore my passions through art
July 25, 2025 at 11:55 AM
So thankful I can express myself and explore my passions through art
Does this site enable group chats now?
July 25, 2025 at 4:43 PM
Does this site enable group chats now?
Reposted by New Left EViews
Jaw-dropping reporting by Haaretz www.haaretz.com/israel-news/...
June 27, 2025 at 10:29 AM
Jaw-dropping reporting by Haaretz www.haaretz.com/israel-news/...
Reposted by New Left EViews
TL;DR: The more the US conducts policy in way that erodes confidence in its institutions, the more it takes on the shape of an emerging market, the more sovereign credit rating kind of start to matter. Crudely put, but I don’t think the complacency is fully warranted.
May 21, 2025 at 8:19 PM
TL;DR: The more the US conducts policy in way that erodes confidence in its institutions, the more it takes on the shape of an emerging market, the more sovereign credit rating kind of start to matter. Crudely put, but I don’t think the complacency is fully warranted.
Reposted by New Left EViews
A belated take the ratings downgrade. Yes, it's meaningless for financial markets. No, it won't cause a credit event, nor is a default on the horizon. But the context has changed: it's become increasingly clear that investors are less willing to cut the US some slack. 1/2
jacobin.com/2025/05/trum...
jacobin.com/2025/05/trum...
Is the Moody’s Downgrade the End of American Exceptionalism?
Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy ...
jacobin.com
May 21, 2025 at 8:02 PM
A belated take the ratings downgrade. Yes, it's meaningless for financial markets. No, it won't cause a credit event, nor is a default on the horizon. But the context has changed: it's become increasingly clear that investors are less willing to cut the US some slack. 1/2
jacobin.com/2025/05/trum...
jacobin.com/2025/05/trum...
Reposted by New Left EViews
Excellent from Dominik leusder @newlefteviews.bsky.social
Though i am more sanguine that’s a matter of degree. Current US policy is deeply self-destructive
#empiresuicidewatch
And given dollar and security centrality, not good for rest of world. ⬆️ US interest rates -> ⬇️ market value on US debt.
Though i am more sanguine that’s a matter of degree. Current US policy is deeply self-destructive
#empiresuicidewatch
And given dollar and security centrality, not good for rest of world. ⬆️ US interest rates -> ⬇️ market value on US debt.
TL;DR: The more the US conducts policy in way that erodes confidence in its institutions, the more it takes on the shape of an emerging market, the more sovereign credit rating kind of start to matter. Crudely put, but I don’t think the complacency is fully warranted.
May 22, 2025 at 4:46 AM
Excellent from Dominik leusder @newlefteviews.bsky.social
Though i am more sanguine that’s a matter of degree. Current US policy is deeply self-destructive
#empiresuicidewatch
And given dollar and security centrality, not good for rest of world. ⬆️ US interest rates -> ⬇️ market value on US debt.
Though i am more sanguine that’s a matter of degree. Current US policy is deeply self-destructive
#empiresuicidewatch
And given dollar and security centrality, not good for rest of world. ⬆️ US interest rates -> ⬇️ market value on US debt.
TL;DR: The more the US conducts policy in way that erodes confidence in its institutions, the more it takes on the shape of an emerging market, the more sovereign credit rating kind of start to matter. Crudely put, but I don’t think the complacency is fully warranted.
May 21, 2025 at 8:19 PM
TL;DR: The more the US conducts policy in way that erodes confidence in its institutions, the more it takes on the shape of an emerging market, the more sovereign credit rating kind of start to matter. Crudely put, but I don’t think the complacency is fully warranted.