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excubs.bsky.social
Professor of Political Science at McGill University. Money, trust, memory politics, central banks, and financial nationalism.
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Finally out #openaccess! Why does the largest trading bloc on the planet have a miniature-sized currency? With Trump, the EU will again much regret this. 🎈We set out to theorise failure and develop a new IPE perspective that foregrounds offshore money. Quick thread 🧵

Sorry, but this stuff drives me absolutely crazy. I’m sorry economists & journalists are just discovering the field of international political economy. But we’ve been studying & publishing about this stuff for 50 years now. There’s no new age of anything & “geoeconomics” has been around forever.

any excuse to repost the greatest Tetris story ever, when a reporter went to cover early e-gaming championships and discovered that his wife was unknowingly *the world's greatest Tetris player* by a huge margin archive.boston.com/news/globe/m...

Before you read this, try to guess why each is fleeing. (1) New Hampshire (2) Idaho (3) Texas (4) California (5) Florida www.theguardian.com/us-news/ng-i...

Well the NIH has cancelled the Women's Health Initiative, the largest study of women in history It has been running continuously since 1991 and has provided massive key knowledge about diseases in women Unreal www.science.org/content/arti...

This is getting fewer headlines than it should. After coming to power promising to help working people, the president is revealing his real priorities by actively making it easier for banks to rip people off.

Last night was the 250th anniversary of Paul Revere's midnight ride to warn the Minutemen of approaching British troops. I want to take a moment to share an excerpt from the Declaration of Independence's grievances against King George III. Remind you of anyone?

"We have nothing to lose but our chains." — David Brooks 😵‍💫 www.nytimes.com/2025/04/17/o...

Crypto is for criming

Imagine you are Jay Powell right now. You were about to get a softish landing and cement your legacy as one of the greatest central bankers if not civil servants of all time. Then out of nowhere some lunatic sets the economy on fire and you are fighting another crisis.

The polls in Canada are not moving much so it’s a good time to talk about the effects of the 2022-2023 redistribution that modified Federal constituency boundaries. Parliament added five seats to the Commons, raising it from 338 to 343. Alberta got 3 more, while Ontario and BC got one each. 1/6

Large swaths of Trump's agenda are bad for capital, yet despite strong incentives to collectively mobilize AND significant power to exert their will, we have seen very little resistance from big business interests. Why? Below, five non-mutually exclusive possibilities that have occurred to me:

You know who WILL be able to get them? Canadians. 🇨🇦

We are speedrunning the Declaration of Independence, folks.

Wow, it just keeps getting worse. The end of the Wilson Center & Kennan Institute are a huge loss for social science research on Eurasia & many other countries, but I guess this US admin no longer needs/wants anyone to actually know anything about anywhere anymore.

I have tariffed the penguins that are on Heard Island and which you were probably assuming did not export goods forgive me they were taking advantage of us so cunning and so cold

Variations on a theme. danieldrezner.substack.com/p/american-f...

(Politico) - Senators voted 51-48 Wednesday to reject the national emergency Trump declared earlier this year to justify his plan to slap 25 percent tariffs on Canadian imports. 🇨🇦 www.politico.com/news/2025/04...

💥🇭🇺 Police have given up guarding Budapest’s Liberty Bridge as anti-government protesters shut down traffic on four major bridges, rallying against Viktor Orbán’s new law curbing freedom of assembly and banning the Pride march. They vow to escalate with a 24-hour shutdown next week.

This is extremely bad. NPR - Entire staff at federal agency that funds libraries and museums put on leave - www.npr.org/2025/03/31/n...

“A Conservative government would put an end to the imposition of woke ideology…in the allocation of federal funds for university research.” Where have I heard this rhetoric before? In which country has this rhetoric seized state power? How is that working out?

You’re also guilty of embezzling EU funds? Not exactly a newsflash, Viktor.

My forecast based on the CBC polling average for 29 March. The Liberals have extended their lead in the polls, which translates into a projected majority government in all simulations. The model has the LPC averaging 189 seats. Things look worse for the NDP, with zero seats in 5% of the simulations.

This graph provides useful background for election projections. It shows the relationship between the national vote and seats won from 1945 to 2021. The bias usually works in favour of parties getting more than about 32% of the national vote. The 2021 bias favouring the Liberals was unusually large.

These are strong, jarring words, but appropriate for the moment. The US is losing its allies, one by one, for absolutely nothing good in return.

Montréal is ready to stand up to President Trump — to look out for ourselves and for each other. That’s #CanadaStrong.

Great notes from the Carney rally

Waiting for #carney in Montreal - big crowd!

My updated forecast using the 26 March CBC polling averages has the Liberal Party winning a majority in almost every simulation, and an average of 184 seats across the 10,000 simulations. There are some dire outcomes for the NDP, with some simulations resulting in zero seats.

Canadian outreach!

Coalitions of the willing are back in vogue, with Macron hosting another summit tomorrow in Paris. Here’s a chart I made on forms of differentiated integration and political cooperation in Europe:

I spoke at yesterday’s Vigil for Democracy at Columbia. Here is an excerpt.

I raised the prospect that the Fed's swap lines might not be there during the next financial crisis in this column on the breakdown of international economic cooperation in the 1930s. It is not the economic impact of tariffs that is most worrying www.economist.com/finance-and-...

The current CBC polling average has both the Liberals and Conservatives at about 37%, higher than both of their 2021 results (32.6 and 33.7 respectively). Using those figures, my model predicts a Liberal win, with a majority government as the most likely outcome.