Nina Eichacker
@ninaecon.bsky.social
Still working on a Mitski/Minsky pun and asking if it’s a crisis or a boring change
https://ninaephd.org/
https://ninaephd.org/
this all happening in tandem with deregulating and promoting the crypto universe is kind of, well, 😬
The @federalreserve.gov is expecting to cut about 30% of its workforce dedicated to bank supervision and regulation by the end of 2026.
This is in addition to its broader move to weaken the substantive regulations that apply to the banking industry.
www.bloomberg.com/news/article...
This is in addition to its broader move to weaken the substantive regulations that apply to the banking industry.
www.bloomberg.com/news/article...
Fed’s Bowman Moves to Reduce Bank-Supervision Unit By About 30%
The Federal Reserve’s top bank cop announced plans to reorganize the agency’s supervision and regulation division and shrink the unit’s staff by roughly 30%.
www.bloomberg.com
October 30, 2025 at 8:59 PM
this all happening in tandem with deregulating and promoting the crypto universe is kind of, well, 😬
Reposted by Nina Eichacker
Bad for Discourse and also bad for all the people who might get Chernobyl'd that the ending of "we should have more nuclear power" has gone from "by making it easier for Westinghouse and Bechtel to build them" to "by gutting the NRC at a Trumpy shitco's behest" www.bloomberg.com/news/feature...
The Risky Movement to Make America Nuclear Again
A Silicon Valley startup called Oklo is leading the charge to bring nuclear power back to the US with small reactors. Its backers have wealth and political connections that could undermine nuclear saf...
www.bloomberg.com
October 30, 2025 at 3:00 PM
Bad for Discourse and also bad for all the people who might get Chernobyl'd that the ending of "we should have more nuclear power" has gone from "by making it easier for Westinghouse and Bechtel to build them" to "by gutting the NRC at a Trumpy shitco's behest" www.bloomberg.com/news/feature...
Reposted by Nina Eichacker
Be sure to check out TR's package on "The New Conspiracy Age," separating the truths from the myths on AGI, weather modification, wind turbines and whales, and more— a project that @asilverman.bsky.social kicked off and coordinated.
The New Conspiracy Age
There’s never been a better time to be a conspiracy theorist. An MIT Technology Review series The New Conspiracy Age Everything is a conspiracy theory now. Conspiracists are all over the White House, ...
www.technologyreview.com
October 30, 2025 at 3:19 PM
Be sure to check out TR's package on "The New Conspiracy Age," separating the truths from the myths on AGI, weather modification, wind turbines and whales, and more— a project that @asilverman.bsky.social kicked off and coordinated.
Reposted by Nina Eichacker
If you want to spend your weekends away from computer might I suggest having children? You know how many activities they got for them these days?
thinking about having a NICE weekend interacting with people in person, doing community activities, maybe watching some sports. How about a Halloween parade? With a beer in hand from the brewery along the route?? Rivalry HS football game? Time to live offline baby
October 24, 2025 at 2:15 PM
If you want to spend your weekends away from computer might I suggest having children? You know how many activities they got for them these days?
Reposted by Nina Eichacker
I’m old enough to remember when we were all cautioned against “The Green Lantern Theory of the Presidency” under Obama, and now we’re watching The Thanos Theory of the Presidency be realized
October 23, 2025 at 5:28 AM
I’m old enough to remember when we were all cautioned against “The Green Lantern Theory of the Presidency” under Obama, and now we’re watching The Thanos Theory of the Presidency be realized
Reposted by Nina Eichacker
Battery plants can create advanced manufacturing jobs, help the US compete economically with China, diversify global supply chains, improve grid resilience & provide domestic supplies for automakers.
So naturally the DOE is clawing back funding for them.
So naturally the DOE is clawing back funding for them.
DOE cancels more than $700M in battery, manufacturing projects
The nixed grants appear to be the first the Department of Energy has confirmed from a list that outlines $20 billion in potential cuts.
www.eenews.net
October 21, 2025 at 4:08 PM
Battery plants can create advanced manufacturing jobs, help the US compete economically with China, diversify global supply chains, improve grid resilience & provide domestic supplies for automakers.
So naturally the DOE is clawing back funding for them.
So naturally the DOE is clawing back funding for them.
Reposted by Nina Eichacker
12-year-old Occupied Government
So the president of the United States plans to meet with Putin in Hungary, and when a reporter asked where that plan came from, this was the reply of the United States government www.huffpost.com/entry/trump-...
October 17, 2025 at 1:25 PM
12-year-old Occupied Government
Reposted by Nina Eichacker
1. This is bullshit. In previous shutdowns furloughed employees have been made whole but after the last Trump shutdowns, congress, anticipating a future admin might try and stiff ‘em, passed a bipartisan law requiring it.
2. In a week they’ve gone from threatening to RIF furloughed workers to this.
2. In a week they’ve gone from threatening to RIF furloughed workers to this.
Johnson: "It's true that in previous shutdowns, many or most furloughed employees have been paid for the time they were furloughed, but there is new legal analysis - I don't know the details, I just saw a headline - but there are some legal analysts saying that might not be appropriate or necessary"
October 7, 2025 at 3:10 PM
1. This is bullshit. In previous shutdowns furloughed employees have been made whole but after the last Trump shutdowns, congress, anticipating a future admin might try and stiff ‘em, passed a bipartisan law requiring it.
2. In a week they’ve gone from threatening to RIF furloughed workers to this.
2. In a week they’ve gone from threatening to RIF furloughed workers to this.
Reposted by Nina Eichacker
The US could develop its own cheap, fast public payment rails. Instead, it’s threatening trade-related measures against Brazil for innovating.
Using financial statecraft to help incumbents continue squeezing out rents at consumers’ expense.
Using financial statecraft to help incumbents continue squeezing out rents at consumers’ expense.
Tired: Trump is punishing Brazil because they sentenced his pal Bolsonaro for attempting a coup
Wired: Trump is punishing Brazil because their useful central bank payment system is squeezing out PayPal
www.nytimes.com/2025/09/29/w...
Wired: Trump is punishing Brazil because their useful central bank payment system is squeezing out PayPal
www.nytimes.com/2025/09/29/w...
Brazil Has a New Digital Spending Habit. Now It’s a Trump Target.
www.nytimes.com
September 30, 2025 at 4:37 AM
The US could develop its own cheap, fast public payment rails. Instead, it’s threatening trade-related measures against Brazil for innovating.
Using financial statecraft to help incumbents continue squeezing out rents at consumers’ expense.
Using financial statecraft to help incumbents continue squeezing out rents at consumers’ expense.
Reposted by Nina Eichacker
been thinking about this very smart @bdmcclay.bsky.social post all morning www.notebook.bdmcclay.com/p/men-men-me...
men? men. men!
took a take
www.notebook.bdmcclay.com
September 26, 2025 at 3:59 PM
been thinking about this very smart @bdmcclay.bsky.social post all morning www.notebook.bdmcclay.com/p/men-men-me...
Reposted by Nina Eichacker
With the US potentially coming to Argentina's financial rescue, I'm sharing my new paper on "Financial Statecraft."
It critiques the government's deployment of the banking system for geopolitical purposes and proposes reforms to rebalance public and private power.
papers.ssrn.com/sol3/papers....
It critiques the government's deployment of the banking system for geopolitical purposes and proposes reforms to rebalance public and private power.
papers.ssrn.com/sol3/papers....
September 23, 2025 at 3:19 PM
With the US potentially coming to Argentina's financial rescue, I'm sharing my new paper on "Financial Statecraft."
It critiques the government's deployment of the banking system for geopolitical purposes and proposes reforms to rebalance public and private power.
papers.ssrn.com/sol3/papers....
It critiques the government's deployment of the banking system for geopolitical purposes and proposes reforms to rebalance public and private power.
papers.ssrn.com/sol3/papers....
Apropos Miran making it onto the Fed's Board of Governors and using some technical terms last week without really getting into the details, I wrote more about exorbitant privilege, and Miran's origin story as someone who says they want the dollar to depreciate: open.substack.com/pub/ninaeich...
A short primer on exorbitant privilege and how it works:
Defining some monetary terms I threw out last week, and Miran's dollar depreciation origin story.
open.substack.com
September 16, 2025 at 4:22 PM
Apropos Miran making it onto the Fed's Board of Governors and using some technical terms last week without really getting into the details, I wrote more about exorbitant privilege, and Miran's origin story as someone who says they want the dollar to depreciate: open.substack.com/pub/ninaeich...
Reposted by Nina Eichacker
its so funny how trump 1 was "manufacturing should be a priority" and then after the pandemic the Biden admin successfully made manufacturing an actual priority and now trump 2 is "racism is higher priority than manufacturing"
It looks like Korea’s reaction to the ICE raid of the Hyundai & LG battery factory has gotten Trump shook.
It turns out arresting foreigners who are trying to bring manufacturing back to the U.S. actually hurts the economy and undermines what little economic agenda Trump’s managed to articulate.
It turns out arresting foreigners who are trying to bring manufacturing back to the U.S. actually hurts the economy and undermines what little economic agenda Trump’s managed to articulate.
September 14, 2025 at 8:34 PM
its so funny how trump 1 was "manufacturing should be a priority" and then after the pandemic the Biden admin successfully made manufacturing an actual priority and now trump 2 is "racism is higher priority than manufacturing"
Later posting than usual, but: my newsletter this week is about Stephen Miran, his economic views, and what it could all mean for dollar dominance -- please check it out! open.substack.com/pub/ninaeich...
Stephen Miran and the Fed
Some thoughts about Stephen Miran, the Federal Reserve, and Exorbitant Privileges and Burdens
open.substack.com
September 9, 2025 at 8:34 PM
Later posting than usual, but: my newsletter this week is about Stephen Miran, his economic views, and what it could all mean for dollar dominance -- please check it out! open.substack.com/pub/ninaeich...
I wrote this week's newsletter about Fed Independence, how I sympathize with those that critique it, and why I think Powell has generally been so successful pushing the margins while sticking to its mandates. Pretty sure this may still make some people mad: ninaeichacker.substack.com/p/do-we-real...
Do we really want Fed independence?
The first of a few pieces thinking about central bank independence, in light of the Lisa Cook firing
ninaeichacker.substack.com
September 2, 2025 at 5:21 PM
I wrote this week's newsletter about Fed Independence, how I sympathize with those that critique it, and why I think Powell has generally been so successful pushing the margins while sticking to its mandates. Pretty sure this may still make some people mad: ninaeichacker.substack.com/p/do-we-real...
I promise I was planning to write about the Fed before everything happened: this week's newsletter goes into the origins of central banks, the root of Trump's beef with the Board of Governors, how the Fed has been responding to recent inflation uncertainty: open.substack.com/pub/ninaeich...
The Fed and Inflation and Lisa Cook:
Central Banks, Fed Independence, and Trump's Announcement to Fire Lisa Cook
open.substack.com
August 26, 2025 at 7:05 PM
I promise I was planning to write about the Fed before everything happened: this week's newsletter goes into the origins of central banks, the root of Trump's beef with the Board of Governors, how the Fed has been responding to recent inflation uncertainty: open.substack.com/pub/ninaeich...
I already loved @atwilliams.bsky.social and @cmmonwealth.bsky.social , but holy heck, this meditation on Bidenomics is amazing, and it pairs oddly well with @lioneltrolling.bsky.social 's recent work on the importance of rhetoric, and also with the start of The Argument. Check it out!
so okay! first piece out from me at Common Wealth
"Beyond Bidenomics: On what is living and what is dead in economic policy"
the argument is that progressives should take credit for the successful parts of the pandemic policy response and build the next Thing
www.common-wealth.org/perspectives...
"Beyond Bidenomics: On what is living and what is dead in economic policy"
the argument is that progressives should take credit for the successful parts of the pandemic policy response and build the next Thing
www.common-wealth.org/perspectives...
Beyond Bidenomics | Perspectives
On what is living and what is dead in economic policy.
www.common-wealth.org
August 20, 2025 at 2:55 PM
I already loved @atwilliams.bsky.social and @cmmonwealth.bsky.social , but holy heck, this meditation on Bidenomics is amazing, and it pairs oddly well with @lioneltrolling.bsky.social 's recent work on the importance of rhetoric, and also with the start of The Argument. Check it out!
It's live: here's me thinking out loud about data in macro class, recent drama with the BLS, and why it would be such a shame to lose the public good that is data disseminated by the BLS open.substack.com/pub/ninaeich...
Thinking out loud about data and the BLS:
Responding to recent job reports, firings, and proposed hirings for the BLS
open.substack.com
August 12, 2025 at 7:05 PM
It's live: here's me thinking out loud about data in macro class, recent drama with the BLS, and why it would be such a shame to lose the public good that is data disseminated by the BLS open.substack.com/pub/ninaeich...
Reposted by Nina Eichacker
Imagining Mulder and Scully busting an American University frat party.
August 11, 2025 at 1:46 PM
Imagining Mulder and Scully busting an American University frat party.
I was either going to write about the BLS firing or the Odd Lots profile, so I picked joy. Here's a piece on how Odd Lots (thank you @weisenthal.bsky.social
and @tracyalloway.bsky.social ) is one of the best institutionalist readings of the global economy going: open.substack.com/pub/ninaeich...
and @tracyalloway.bsky.social ) is one of the best institutionalist readings of the global economy going: open.substack.com/pub/ninaeich...
In praise of Odd Lots
Or, what else I love about the show profiled in the NYTimes on Sunday
open.substack.com
August 5, 2025 at 5:37 PM
I was either going to write about the BLS firing or the Odd Lots profile, so I picked joy. Here's a piece on how Odd Lots (thank you @weisenthal.bsky.social
and @tracyalloway.bsky.social ) is one of the best institutionalist readings of the global economy going: open.substack.com/pub/ninaeich...
and @tracyalloway.bsky.social ) is one of the best institutionalist readings of the global economy going: open.substack.com/pub/ninaeich...
Reposted by Nina Eichacker
We don’t need to invent hypotheticals. The Biden administration’s efforts to enforce antitrust law and regulate Wall Street engendered a much more intense reaction from the business community, including a barrage of lobbying, WSJ editorials, and tv ads and billboards.
Lemme just say if President Bernie Sanders had unilaterally imposed, by executive fiat, hundreds of billions of new taxes, personally browbeat executives about job cuts and investments and then fired the head of BLS, the Chamber of Commerce and the business orgs would not be sitting idly by.
one thing that keeps happening is Trump taking major steps which impose large, often asymmetric costs on American business, and American business doing fucking nothing in response
August 2, 2025 at 8:15 PM
We don’t need to invent hypotheticals. The Biden administration’s efforts to enforce antitrust law and regulate Wall Street engendered a much more intense reaction from the business community, including a barrage of lobbying, WSJ editorials, and tv ads and billboards.
Slightly earlier newsletter posting than usual! I talk about @dkthomp.bsky.social on whether economists were wrong to predict doom after liberation day, and also shout out @weisenthal.bsky.social about manufacturers' animal spirit: open.substack.com/pub/ninaeich...
Responding to Derek Thompson: Where’s the Crisis that Economists Predicted?
Or, what should economists be humble about in this moment?
open.substack.com
July 29, 2025 at 10:59 AM
Slightly earlier newsletter posting than usual! I talk about @dkthomp.bsky.social on whether economists were wrong to predict doom after liberation day, and also shout out @weisenthal.bsky.social about manufacturers' animal spirit: open.substack.com/pub/ninaeich...
Reposted by Nina Eichacker
miller red raspberries, painted by deborah griscom passmore, 1895
July 25, 2025 at 7:18 AM
miller red raspberries, painted by deborah griscom passmore, 1895
It's that time: a newsletter is live with more detail about possible supply (and demand) side effects of the Big Beautiful Bill and more Trump administration economic policies. Lots of hand-holding alongside some charts where I had fun with the marker colors:
open.substack.com/pub/ninaeich...
open.substack.com/pub/ninaeich...
Digging into [Some of] the Trump Administration’s Economic Actions
Or, speculating with a little more detail about the potential outcomes of the Big Beautiful Bill, Tariffs, and DOGE efforts.
open.substack.com
July 22, 2025 at 2:51 PM
It's that time: a newsletter is live with more detail about possible supply (and demand) side effects of the Big Beautiful Bill and more Trump administration economic policies. Lots of hand-holding alongside some charts where I had fun with the marker colors:
open.substack.com/pub/ninaeich...
open.substack.com/pub/ninaeich...
Reposted by Nina Eichacker
There are a lot of Democrats who are going to have to look back and explain this vote in a few years after the crypto industry blows itself up.
The entire House Democratic leadership voted for the GENIUS Act, which now goes to Trump for his signature.
clerk.house.gov/evs/2025/rol...
clerk.house.gov/evs/2025/rol...
clerk.house.gov
July 17, 2025 at 9:13 PM
There are a lot of Democrats who are going to have to look back and explain this vote in a few years after the crypto industry blows itself up.