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fabschmidt.bsky.social
Political economist // Industrial policy for future // Brussels // Rail ultra
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The US increasingly relies on place-based policy to help distressed regions, but many regions lack the capacity to obtain resources or implement effective policy, from Gordon H. Hanson, Dani Rodrik, and Rohan Sandhu https://www.nber.org/papers/w33511

The predicament Europe faces: “In order to be free from authoritarian blackmail—whether Putin’s or Trump’s—Europe must go green… Investment in green energy is the only path toward independence or strategic autonomy.” @katemac.bsky.social @70sbachchan.bsky.social

📢 Registration is now open! 📢 Check out our powerhouse lineup and sign up to attend: beyond-neoliberalism.org @glgerstle.bsky.social @maggor.bsky.social #BeyondNeoliberalism

New article out📑 "The end of economic hegemony? Studying economic ideas in a post-neoliberal world" In the 20th century, debates on economic policy were closely tied to academic economics. From Keynesianism to neoliberalism, economic schools of thought have shaped historical epochs.

1. The Atlantic Order is over. Time for Europe to seize Russian assets and commit them to Ukraine. kyivindependent.com/can-europe-g...

Military sovereignty 🤝 Monetary sovereignty

This is the way

For Europe to defend itself, two fiscal policy decisions could make a difference: A clear defense exemption in the fiscal rules and a big EU programme to pay for common projects from military mobility to missile defense, funded by joint debt. The rest is financial alchemy and/or symbolic noise.

It seems this was never really about the fantasy deal on rare earths, it was about creating a pretext to get rid of Ukraine and Selensky. It started weeks ago with the subversive calls for elections.

Ausgezeichnete Forschung, sehr relevant für Deutschland gerade. Wenn Befragte mit einer Anti-Migration Position der CDU konfrontiert werden, stärkt das Vorurteile gegenüber Migrant:innen. Wir können davon ausgehen, dass das Verhalten von SPD und Grünen den gleichen oder noch stärkeren Effekt hat.

Germany‘s got the best US bases in the world. Beautiful bases. Tremendous. Nobody has anything like it. And, frankly, we’re giving them to the US for free. Can you imagine that? For free! It’s nasty what they’re doing to us, really. So we want a better deal. The US‘s gotta pay. They gotta pay. 🫲🫱

📢 CALL FOR APPLICATIONS⁠ ⁠Bruegel is looking for a full-time Micro-economist with expertise in climate and finance policy. Apply before March 30th 2025, 23:59 CET with this link: 🔗 buff.ly/4385yQ6

we need a structural paradigm shift in how we talk about the role of government vis a vis markets & we need to start w/ Democrats this is why I teach @mazzucatom.bsky.social's Mission Economy and @epopppp.bsky.social's Thinking Like an Economist to my public policy students mandatory reading

A modest proposal for how countries should respond to Trump's (threat of) trade wars—comments welcome! www.project-syndicate.org/commentary/o...

Without any help from governments or utilities or other big institutions, Pakistan is rapidly filling up with distributed solar. It's an unstoppable, bottom-up energy revolution -- super-exciting to watch. Learn more in my pod!

A quick debt brake fix for defense alone would be a bad deal for the SPD, the Greens—and ultimately for the CDU too. Germany needs to ramp up defense spending, but this door will only open once. Any reform, even a quick one, must tackle DE's broader public investment needs too.

If it is what will keep the US on Ukraine‘s side, just to prevent Russia from conquering its agreed-upon raw materials …

The “reverse Nixon”: Not only a way for the US to split the Eurasian bloc and reducing China’s comfort zone but also Russia’s way out of being China’s gas station. If Trump has to sacrifice Ukraine to get this deal, why wouldn’t he?

Just in one year, just the clean air act, prevented hundreds of thousands of early deaths. The lowest possible estimate of the benefits found that benefits outweigh the costs by 3 to 1. The most likely estimate is 30 to 1. The high estimate is 90 to 1. Ninety. Nine Zero. www.epa.gov/clean-air-ac...

Lots of over-engineered debt brake proposals around. Nothing easy off the shelf. Except…. ….Just getting rid of it. Fits really well in the spirit of deregulation, folks, come on! One regulation less. Beautiful. And less duplicative because we have EU fiscal rules!

no king but biking

Wichtige Perspektiven aus Rechtswissenschaft und der politischen Zivilgesellschaft:

New Publication: In this policy paper, I analyse the 'galaxy' of existing state aid frameworks, highlight their key challenges, and provide recommendations for "a European state aid framework for the Clean Industrial Deal": institutdelors.eu/en/publicati...

Looks like CDU/CSU, SPD and Greens will fall just short of 2/3 majority for debt brake reform. That makes Die Linke the decisive player. Open to loosening debt brake reform for public investment, not for defence. Grand bargain: do the latter with EU bonds? @codendahl.bsky.social

New CREA (@creacleanair.bsky.social) report on EU imports of Russian fossil fuels energyandcleanair.org/publication/...

European policy-makers currently tend to forget that good economic policy is not necessarily coming from following business associations' propaganda or the latest whimsical fad from across the Atlantic

The German election results confirm @isabellamweber.bsky.social’s argument: we need an “anti-fascist” economics that tackles the cost of living crisis head-on.

Interesting argument in this FT op-ed from today. The logic here parallels the work my friend @maggor.bsky.social has been doing about railroads in the 19c US, which argues that state-level RR rate regulation didn't just rein in capital but promoted a particular path of regional development.

"Boot ist nicht zu halten." 📉 #BTW25

Great. I would add an important factoid: the EU produces way more steel, vehicles, planes and ships than America. Europe has the industrial capacity to take its defence destiny in its own hands. But Merz needs to show leadership to coordinate this well with European partners.

If you drink a shot every time you read an underdefined buzzword in the EU's "Competitiveness Compass", you very likely will not make it past page 3. It might reignite your economic dynamism though.

Money has already voted

Democracies might be hit by revolutions when patience for due democratic process, i.e. elections, is lost. Spot on by Mark Beissinger two years ago. Looking at the current moment this might be true just as well after the election. podcasts.apple.com/de/podcast/d...

Our flagship State of Power report shows that China is rapidly catching up with the US, manufacturing three times as much. But our research reveals that the US still dominates key geopolitical indicators.  https://www.tni.org/en/publication/geopolitics-of-capitalism