Matías Vernengo
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nakedkeynes.bsky.social
Matías Vernengo
@nakedkeynes.bsky.social
550 followers 130 following 550 posts

Econ Prof, Bucknell U, director of BIPP, & editor in chief New Palgrave Dictionary. Founding editor (emeritus) Review of Keynesian Economics

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Economics 86%
Political science 7%
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Reposted by Matías Vernengo

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 1d
Maduro won all elections with the exception of the last one in 2024. There was no credible story in 2012. My take in 2018 here www.aljazeera.com/amp/opinions...
Venezuela is about to explode
Under increasing pressure from the US and its allies, Venezuela might be on the verge of a bloody coup.
www.aljazeera.com

Reposted by Matías Vernengo

Reposted by Matías Vernengo

georgetakei.bsky.social
George Takei @georgetakei.bsky.social · 3d
It’s not about keeping us safe from criminals. This is ethnic cleansing.
Screenshot of a post on X by Aaron Reichlin-Melnick (@R…) stating: “NEW: Data released by ICE shows that virtually the entire growth of detention in the last few months has been among people with no criminal record at all—no criminal convictions and no pending criminal charges.” Below the text is a line chart titled “Detention Population, Among Those Arrested in the Interior, by Criminal Record, May 2019 through January 7, 2026.” The chart shows three lines—prior convictions, pending criminal charges, and no criminal record—with a sharp rise near the end in the “no criminal record” category. The source is listed as U.S. Immigration and Customs Enforcement.

Reposted by Matías Vernengo

Reposted by Francisco Javier, Matías Vernengo, Ramón López Facal

elpais.com
EL PAÍS @elpais.com · 3d
📹 “Está bien, amigo. No estoy enojada contigo”: el vídeo grabado por el agente del ICE que disparó a Renee Good en Minneapolis escala la crisis en Estados Unidos social.elpais.com/rwj…

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 3d
Always because of fiscal stimulus. During the Korean and Vietnamese wars and more recently because of Biden’s package that was so criticized by establishment Dems like Summers. At any rate, it’s clearly moving again in the wrong direction

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 3d
Wrong conclusion, after a good thread. One needs to look at the housing market, since that’s one of the main channels through which the Fed affects demand. The graph shows the decline in private housing fixed investment. Only a few times that became negative and we avoided a recession

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 3d
Still that doesn’t address the affordability crisis, and Trump and the GOP will pay an electoral price for that

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 3d
If Trump goes on to expand the defense budget by 500 billion the economy might escape a recession. Not a good measure. Many more relevant ways to spend money, like on health, research (although some defense money goes into that), etc. But it may do the work

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 3d
The economy is slowing down (and the job market is worse than numbers indicate). But a recession is far from certain. Many predicted it as a result of tariffs. As I noted that was unlikely. The Fed rates (too high) and the lack of fiscal stimulus are the issue
robertscotthorton.bsky.social Scott Horton @robertscotthorton.bsky.social · 3d
A recession-bound US economy added only 50,000 jobs in Dec and a meager 584,000 jobs in all of 2025. That’s the worst year for job gains outside of a recession since 2003. And nearly 85% of the job gains happened by April. Unemployment: 4.4% in Dec, up from 4% in Jan. 3.8% wage growth in 2025.

Reposted by Matías Vernengo

robertscotthorton.bsky.social
Scott Horton @robertscotthorton.bsky.social · 3d
A recession-bound US economy added only 50,000 jobs in Dec and a meager 584,000 jobs in all of 2025. That’s the worst year for job gains outside of a recession since 2003. And nearly 85% of the job gains happened by April. Unemployment: 4.4% in Dec, up from 4% in Jan. 3.8% wage growth in 2025.

Reposted by Matías Vernengo

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 5d
Let alone that people are dying in custody (32 in 2025) for minor issues (immigration status) or being killed in the streets, like today in Minneapolis

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 5d
Source here www.prisonstudies.org/country/vene...
Venezuela | World Prison Brief
www.prisonstudies.org

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 5d
Not just that. Add to this that the prison population rate (per 100,000) is 199 in Venezuela and about 542 in the US. A much more repressive system
prospect.org The American Prospect @prospect.org · 5d
“None of Maduro’s political prisoners have been released as a result of our ousting him, but the doors have been opened to our oil companies.” Harold Meyerson argues that Trump’s invasion is all about oil: trib.al/Ql2SQqg
The Fossil Fuel Empire Strikes Back - The American Prospect
Trump seizes control of Venezuela: Not all our foreign adventures have been crudely about material gain. But this one sure is.
trib.al

Reposted by Matías Vernengo

prospect.org
The American Prospect @prospect.org · 5d
“None of Maduro’s political prisoners have been released as a result of our ousting him, but the doors have been opened to our oil companies.” Harold Meyerson argues that Trump’s invasion is all about oil: trib.al/Ql2SQqg
The Fossil Fuel Empire Strikes Back - The American Prospect
Trump seizes control of Venezuela: Not all our foreign adventures have been crudely about material gain. But this one sure is.
trib.al

Reposted by Matías Vernengo

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 5d
The book has also a chapter I co-wrote on monetary policy in the region

nakedkeynes.bsky.social
Matías Vernengo @nakedkeynes.bsky.social · 5d
Oil production and exports are directly connected to economic growth in Venezuela. This shows the effects of US sanctions. From the chapter by Francisco Rodriguez and Michael Penfold in the @elgarpublishing.bsky.social companion to the economies of the region

Reposted by Matías Vernengo

prospect.org
The American Prospect @prospect.org · 6d
The Supreme Court ruled that Trump cannot deploy the national guard for civilian law enforcement in Illinois, marking the greatest judicial check on Trump’s power to date. Robert Kuttner reports on curbing executive authority:
trib.al/Hann46K
Is the Supreme Court Fed Up With Trump? - The American Prospect
The Supreme Court found Trump’s federalizing of the National Guard in and around Chicago illegal. Let’s hope the ruling is the beginning of a trend.
trib.al