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1.5M views
Corporate concentration is a possible explanation of price and profit hikes driving inflation. But concentration was high before inflation. So, why can firms hike prices in an emergency? We explore this question in a new working paper. A 🧵https://t.co/ZWqkm5YFOn
1.2M views
How it started. How it’s going.
1M views
Shock therapy once more doing what shock therapy does.
After Milei abolished price controls & slashed government spending, inflation shot up to ~300%. 3.4 million Argentinians pushed into poverty. Poverty rate highest level in two decades. At least 136,000 jobs wiped out.
795.1K views
Far right Alternative for Germany #2 in the polls ahead of all three governing parties.
This should be a wake-up call. For economic policy this means: Ending austerity, ending the decline in living standards of the many, starting an ambitious public investment agenda.
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🔥 Top post: Corporate concentration is a possible explanation of price and p · 1.5M views
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🔥 Top post
Corporate concentration is a possible explanation of price and profit hikes driving inflation. But concentration was high before inflation. So, why can firms hike prices in an emergency? We explore this question in a new working paper. A 🧵https://t.co/ZWqkm5YFOn
Economics can either enable the slide toward fascism, or defend affordability, dignity, and democracy.
I wrote ANTI-FASCIST ECONOMICS with my baby by my side—a constant reminder that the future should be livable for all.
Out in October w…
And so it begins… The German conservatives have given up on their pledge not to collaborate with the AfD and are now joining forces on anti-migration policies. This is a very dark moment, just weeks before the election.
NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the ri…
Can we now finally have a serious conversation about an anti-fascist economics?
Shock therapy once more doing what shock therapy does.
After Milei abolished price controls & slashed government spending, inflation shot up to ~300%. 3.4 million Argentinians pushed into poverty. Poverty rate highest level in two dec…
How it started. How it’s going.
Germans have experienced the most dramatic decline in real wages since 1950 as a result of inflation. This is painful for most people and devastating for those who had low incomes to begin with.
33% of Germans with low living standards ha…
Germans have experienced a dramatic decline in real wages. The government just added an austerity program in response to the budget crisis. The country is on track for a deep recession while the far right AfD has overtaken all governing pa…
How it started:
CDU and FDP recommend Greece to sell islands to address their fiscal crises in 2010.
How it’s going:
Former Greek minister recommends Germany to sell islands to address their fiscal crisis in 2023.
Angus Deaton, Nobel Memorial Laureate, on the state of economics:
“The time has come, Deaton argues, for economists to get back to serving society. ‘The discipline has become unmoored from its proper basis, which is the study of human wel…
Far right Alternative for Germany #2 in the polls ahead of all three governing parties.
This should be a wake-up call. For economic policy this means: Ending austerity, ending the decline in living standards of the many, starting an ambi…
BREAKING: Sellers’ Inflation is now an IMF take.
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