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

This kind of shark-jumping crossover of scams signals something. I just don't know what exactly.

submitted 17 hours ago • 0 comments

The story of my intellectual journey would sound a lot better if Jaynes had given his 1967 lecture on the "Foundations of Probability Theory & Statistical Mechanics" in Leningrad or Vienna. Telling people you were transformed by the "Delaware Lecture" feels very... provincial.

submitted 21 hours ago • 0 comments

The strangest things excite me these days. This just arrived and has me all bent out of shape.

submitted 23 hours ago • 0 comments

The problem with writing a really good paragraph, section, or chapter is that it only heightens your anxiety about how shit what you write afterwards will be.... #MathPeopleWriting #EconSky

submitted 23 hours ago • 0 comments

Smith & Marx gave us an expansive vision of the part played by economic organisation in the historical evolution of societies. Economic analysis is but an important moment in a much broader search for an understanding of humanity and the possibilities for our development. (1/3)

submitted 149 days ago • 2 comments

For kids in the back who may not have heard this the first thousand times: If strangers keep telling you to buy an asset that can make you rich the only question to ask is, why they are telling me this instead of quietly buying the asset themselves? #Crypto #EconSky #Ponzi

submitted 2 days ago • 1 comment

Anybody else out there had their intellectual journey changed by ET Jaynes' "Delaware Lecture"? I really wish he had given it in Vienna, or Leningrad... would have made for a much sexier title.

submitted 2 days ago • 0 comments

Economics obscures or is oblivious to the politics embedded in theorization itself. In this book, @devikadutt.bsky.social, @cacrisalves.bsky.social, @surbhikesar.bsky.social & @ingridhk.bsky.social return political questions to the heart of economic theorizing. See more: www.politybooks.com/...

submitted 6 days ago • 0 comments

It’s out! I’m deeply proud and grateful for this book — especially for the chance to collaborate with such brilliant & bold minds. Here’s to hoping its ideas spark fresh conversations and inspire meaningful change in our field. #economics #eurocentrism #decolonisation

submitted 6 days ago • 7 comments

Imagine if instead of focussing on the input-output, policy, and financial exigencies of all-out industrial mobilisation to smash fascism, economists in the 1930s and 40s had dwelt on the "tradeoffs" involved... How many average degrees of fascism would have been deemed "optimal"? #EconSky

submitted 6 days ago • 0 comments

A telling quote by a DC-based think-tanker closing this good piece from today's @financialtimes.com “You have to have.. trade barriers to protect your nascent industries. That’s what many developing countries do... we are also in that situation now.” Not a great look. #EconSky on.ft.com/4khdIvq

submitted 9 days ago • 0 comments

Adam Smith, Karl Marx, John M Keynes: Increases in the productivity of labour can create societies of well-rounded individuals enabled to purse a wide range of fulfilling, meaningful interests... Capitalism: Sorry, but some of you need to work till you die... #EconSky bbc.com/news/article...

submitted 13 days ago • 0 comments

For several decades now economic analysis is usually invoked in public discourse to "explain" why WE CANNOT GET things we need or want. That is quite a shift from previous periods in the history of economics, when it often sought to explain HOW WE COULD GET the things we need or want. #EconSky

submitted 16 days ago • 0 comments

This may be one of my most underrated economemes... #EconSky

submitted 22 days ago • 1 comment

I had almost forgotten about these two variations on the same theme from a coupe of year ago. #EconSky

submitted 38 days ago • 0 comments

It's a good thing economists spent the past 35 years estimating the exact tradeoffs between present costs & losses of shifting away from carbon-based energy systems and... [checks notes] completely unforeseeable, catastrophic consequences of not doing so... #EconSky www.newsweek.com/spain-portug...

submitted 38 days ago • 1 comment

Seeing many US economists make thoughtful points on addressing global macroeconomic imbalances. Yet not one of them mentions moving beyond the Dollar as the world's de facto international trade, store-of-wealth, financing, and reserve currency...🤔 #EconSky progressive.international/blueprint/1b...

submitted 45 days ago • 0 comments

If it's a possibility for you, consider becoming a member of your local AAUP chapter. Even if you don't have the bandwidth to attend meetings etc., their institutional resources can do important things right now.

submitted 45 days ago • 0 comments

I forget what issue kept me from plugging this earlier review of Rachel O'Dwyer's "Tokens: The Future of Money in the Age of the Platform," but here it is. #EconSky #PolEcon publicseminar.org/2024/05/plat...

submitted 44 days ago • 0 comments

Anybody else getting this kind of offerings from the algorithm??

submitted 44 days ago • 0 comments

Milton Friedman’s association of capitalism with freedom was specious. Both as a political statement about capitalist polities, and as an estimation of the kinds of behavior capitalist corporations resort to in the pursuit of profit. #EconSky

submitted 44 days ago • 1 comment

Gasparino was correct this time, turns out. on.ft.com/4jhz631 Japanese investors sold $20bn of foreign debt as Trump tariffs shook markets

submitted 45 days ago • 0 comments

Seeing many US economists make thoughtful points on addressing global macroeconomic imbalances. Yet not one of them mentions moving beyond the Dollar as the world's de facto international trade, store-of-wealth, financing, and reserve currency...🤔 #EconSky progressive.international/blueprint/1b...

submitted 45 days ago • 0 comments

Would it be too cheeky to suggest Trump is the first "degrowth" President? #EconSky

submitted 47 days ago • 4 comments

It’s not just that this is deeply racist and dehumanizing, as you write. It’s also how normalized this kind of racism and dehumanization has become.

submitted 48 days ago • 1 comment

Walked by this building today, where the 1773 Boston Tea Party was organized. Silly colonists didn’t realize it was Chinese tea producers who would pay for the Townshend Acts tariffs… #EconSky #History

submitted 48 days ago • 1 comment

Legacy…

submitted 50 days ago • 0 comments

Not the best visualization, but the point is crucial: last week saw the unusual combination of spiking yields on 10Y UST and plunging USD valuations. À well-known combination for those familiar with sudden-stops in capital flows. #EconSky

submitted 51 days ago • 0 comments

Department of Energy is indeed sending out notices to universities cancelling all of our grants unless the university agrees to a 15% rate cap.

submitted 51 days ago • 35 comments

Negative correlations between rising yields on US treasurys and yields on some other reserve asset is the first clear symptom of erosion in international confidence in the Dollar as a reserve currency. Fasten your seatbelts… #EconSky

submitted 55 days ago • 0 comments

“Mother of all short squeezes helped drive historic gains on Wednesday” It is true, as Minsky noted, that financial stability is destabilizing. It is also true that financial instability is destabilizing. #EconSky www.cnbc.com/2025/04/10/h...

submitted 56 days ago • 1 comment

From a macro perspective, complaining about persistent US trade deficits & illegal immigration boils down to complaining that poorer people and regions of the world have been producing & supplying goods & services to the US for very little or even nothing in return. #EconSky

submitted 56 days ago • 1 comment

Question of the hour: Was the Treasury bond sell off mainly due to the need to meet margin calls, or to large-scale (strategic?) selling by RoW agents? The former involves vanilla deflationary unwinding of positions. The latter would signal a potentially momentous geopolitical shift. #EconSky

submitted 57 days ago • 8 comments

Trump's tariffs are the Ivermectin of economic strategy #EconSky

submitted 58 days ago • 47 comments