amphoenixtrade.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

Europe has to pay more for its own defence. One debate is whether they should "Buy European" weapons or buy them from America or other allies. One really BAD statistic is polluting the debate: that the EU buys 80% of its weapons from overseas. Ursula von der Leyen repeated it today. It's wrong. 🧵

submitted 16 hours ago • 16 comments

A must read. #EuropeanUnion #Ukraine #Trump

submitted 1 day ago • 0 comments

Another confirmation. S&P sees Germanys defence spending boom “as positive for countries triple A rating." Biggest concern with Germany's creditworthiness was the stagnating economy, boost the domestic economy is a credit positive," top S&P analyst said. www.reuters.com/markets/euro...

submitted 2 days ago • 1 comment

“Clear evidence of growth expectations: The steepening German yield curve, rising stock prices, euro appreciation, and stable CDS prices collectively indicate that markets interpret Germany’s fiscal expansion as growth-enhancing rather than a reckless fiscal bet.” www.ifw-kiel.de/publications...

submitted 2 days ago • 3 comments

This by @bruegel.bsky.social is a good reminder that some of Germany’s macroeconomic jolt needs to be channeled into strategic industries—ideally through EU frameworks. With Trump axing Bidenomics piece by piece, Europe now has a prime opportunity to pull some clean tech investments across the pond

submitted 3 days ago • 1 comment

It is inevitable that once Europe begins providing its own defense, its relationship with the WTO will change.

submitted 3 days ago • 0 comments

MASSIVE FISCAL PACKAGE OUT OF BERLIN: 12-20%+ of GDP. - 500 billion fund for public investment - All defence spending above 1% of GDP not counted for debt brake. - Federal states can borrow 0.35% p.y. for investment. Germany is back - economically and militarily. 1/x

submitted 5 days ago • 50 comments

In a chaotic Trump trade policy, the new across-the-board tariffs on Canada stand out, for a few reasons. Thread.🧵 www.nytimes.com/2025/03/04/b...

submitted 5 days ago • 2 comments

Roosevelt Principal @feliciawong.bsky.social, Director of Industrial Policy & Trade @toddntucker.bsky.social, Senior Fellow @stomarova.bsky.social, and former fellow @nathanlane.bsky.social will be in attendance to discuss building a progressive political economy

submitted 8 days ago • 0 comments

Hoover made FDR possible because his administration created an America that helped no one at all. Many Americans had next to nothing. This situation is different. Americans are about to lose a lot of things they don’t realize they currently have. An FDR-like figure might emerge. They must.

submitted 9 days ago • 10 comments

Smart trade policies = a stronger future. We need trade policies that: ✅ Boost clean energy ✅ Protect labor rights ✅ Invest in U.S. manufacturing @toddntucker.bsky.social on how to respond to Trump's latest tariffs threats: rooseveltinstitute.org/publications...

submitted 19 days ago • 0 comments

Professional update: I've joined the Reimagining the Economy Project @harvardkennedy.bsky.social @harvardmwc.bsky.social as a senior research fellow, alongside Gordon Hanson, Dani Rodrik (@drodrik.bsky.social), @rohansandhu.bsky.social, and their excellent team. news.harvard.edu/gazette/stor...

submitted 19 days ago • 9 comments

A myth-busting new chart. European policymakers saw Biden's Inflation Reduction Act as a threat to investment in the EU, but it actually boosted European cleantech exports to the US. President Trump’s tariffs rollback of IRA incentives isn't good for European industry.

submitted 20 days ago • 2 comments

China's state-led markets can stay irrational for longer than swathes of our manufacturing can stay solvent.

submitted 22 days ago • 1 comment

1. China's $1 trillion trade surplus is highly distortive. 2. People aren't just consumers, but also producers in one way or another. 3. Ultimately imports have to be paid with export income: with what future income will Europe buy all these imports? ...

submitted 22 days ago • 1 comment

The logical conclusion of neoliberal deregulation is that the deregulatory functions themselves get deregulated, prohibiting the deregulation.

submitted 23 days ago • 0 comments

1/7 This Reuters article describes a process that my friends and former students who own or run manufacturing companies in China have been telling me about for years. www.reuters.com/business/chi...

submitted 24 days ago • 4 comments

The small city of Reading in central Pennsylvania is around 70 percent Latino. In 2024, it shifted toward Trump by a staggering net 16 points. I spent some time trying to figure out why that happened. The result is this piece. I hope you'll check it out: newrepublic.com/article/1908...

submitted 23 days ago • 188 comments

NEW issue brief @rooseveltinstitute.org: I walk through various justifications for tariffs, and whether Trump's measure up. The tl;dr: While tariffs can yield benefits, the costs of cozying up to oligarchs and gutting the Inflation Reduction Act are higher. rooseveltinstitute.org/publications...

submitted 24 days ago • 1 comment

1/7 According to Reuters, China oversaw its largest-ever wave of rural bank mergers last year, in "the most sweeping consolidation since China's small rural commercial banks were transformed in early 2000." www.reuters.com/business/fin...

submitted 24 days ago • 2 comments

Yes. One important piece: the cost of tariffs is borne in the first instance by producers, not consumers. Pricing is a strategic decision - automakers don’t just passively pass on the costs of their inputs.

submitted 35 days ago • 4 comments

After three years of debating how to best mimic the US IRA, EU discussions are now shifting to how to keep pace with Trump’s deregulation spree. Maybe, instead of chasing every economic trend from across the pond, Europe should be a bit more serious about crafting a strategy that works for itself.

submitted 39 days ago • 3 comments

"There is concern in Appalachia, a region that VP JD Vance has roots in, that Trump’s funding freeze could hit its residents the hardest. “Many of these funds come from prioritized investments in coal country, a region that has economically struggled for decades”." www.nytimes.com/live/2025/01...

submitted 40 days ago • 0 comments

Good to see the Wall Street Journal pick up that the loss of export markets is part of the existential threat to the German industrial model. „No one has a plan B“ There is, in fact, a plan A that can work. And I don’t mean the one from the cited AfD economist. 1/7 www.wsj.com/economy/trad...

submitted 40 days ago • 2 comments

this dynamic—basic econ implying one conclusion, a detailed look at empirics complicating it to the point of overturning the previous answer—is pretty much all over our public policy of the last few decades and it is MADDENING for those of us trained in ways of knowing that aren't basic econ

submitted 43 days ago • 12 comments

ER is Eleanor Roosevelt.

submitted 48 days ago • 0 comments

On this important day - the day we remember Dr. Martin Luther King Jr. - lifting up a post from a trip President Biden’s USTR team took to Memphis last year: ustr.gov/about-us/pol...

submitted 48 days ago • 0 comments

“By working to build the U.S. economy ‘from the middle out and the bottom up,’ President Joe Biden moved the country closer to Franklin Roosevelt’s vision of durable peace and prosperity,” writes U.S. Trade Representative Katherine Tai.

submitted 59 days ago • 0 comments

Acting Labor Secretary Julie Su’s fierce advocacy for workers has been such a bright spot, and losing her is a real blow for labor. For @inthesetimesmag.bsky.social, I spoke with her about unfinished business and what still gives her hope for the battles ahead: inthesetimes.com/article/kim-...

submitted 58 days ago • 5 comments

Katherine Tai has helped bring trade back to its forgotten progressive roots. “Over time, a collective amnesia took hold, and the GATT is presented as the only rules the architects of postwar peace, including Roosevelt, believed were necessary for prosperity” www.foreignaffairs.com/united-state...

submitted 59 days ago • 0 comments

How FDR' Four Freedoms speech - and the vision for institutionalizing it through the largely forgotten International Trade Organization - informed Biden's middle-out economics. New @foreignaffairs.com from Ambassador Katherine Tai: www.foreignaffairs.com/united-state...

submitted 59 days ago • 1 comment

Merry Christmas to all

submitted 75 days ago • 188 comments

Dear friends and followers, I'm sharing here the Nobel prize acceptance speech I gave on behalf of Simon Johnson, James Robinson and myself. Thank you everybody.

submitted 82 days ago • 10 comments

This 1996 @pkrugman.bsky.social precis on Ricardo will not only bestow you with a secure understanding of comparative advantage, but as important, will help you understand why many may think they grasp the idea in its fullest, but really don't. web.mit.edu/krugman/www/... #econsky

submitted 93 days ago • 9 comments

There's this popular DC view that the original sin of the Biden administration was too much spending causing inflation because they listened too much to left-wing views on fiscal policy. Yet here is Goldman's top economist on Odd Lots yesterday saying inflation really was a a supply-side story.

submitted 96 days ago • 31 comments

I'm having doubts about how far Trump will actually go on tariffs once he realizes that other countries can hit back. But if he did go through with his campaign pledges, it would be a bigger hit than Smoot-Hawley, which caused the Great Depression. Except it didn't 1/

submitted 100 days ago • 70 comments