Layna Mosley
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laynamosley.bsky.social
Layna Mosley
@laynamosley.bsky.social

Political economy of finance; supply chains & worker rights; Princeton Sovereign Finance Lab. @princetonpolitics.bsky.social
Co-editor of International Organization. Recovering trail runner, very amateur rower. https://laynamosley.scholar.princeton.edu/ .. more

Layna Mosley is an American political scientist. She is a professor of political science in the Department of Politics at Princeton University and the Princeton School of Public and International Affairs. She studies international relations, particularly the relationship between domestic politics and the global economy. .. more

Economics 60%
Business 20%

Reposted by Layna Mosley

"The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine [the Fed's] independence."

It's a hell of a list of signatories jointstatement.substack.com/p/statement-...

Leaving aside the specific implications for debt restructuring, "national emergency" has become synonymous for "anything that the president views as interfering with what he wants." Not quite as the law intended.
This is a major move relating to sovereign debt restructuring options for #Venezuela; one wonders how it could impact the protracted sale of Citgo (PDVSA owned) & potential precedents for other countries where unresolved claims are an overhang. www.whitehouse.gov/presidential...
Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency
www.whitehouse.gov

Reposted by Layna Mosley

This is a major move relating to sovereign debt restructuring options for #Venezuela; one wonders how it could impact the protracted sale of Citgo (PDVSA owned) & potential precedents for other countries where unresolved claims are an overhang. www.whitehouse.gov/presidential...
Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency
www.whitehouse.gov
I am begging Democratic leadership to recognize that funding and legitimizing your authoritarian opponent’s secret police is a bad idea.

This should not be a difficult concept.​​​​​​​​​​​​​​​​
Top Democrats decline to say if they would rein in ICE after Minnesota shooting
Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries denounce the killing but offer no concrete pledges
www.independent.co.uk
Here's a vicious attempt to destroy the rules-based international order since US funding is crucial to many of these institutions. The US wants to go it alone not realizing how much these international organizations do for us. Insanity amplified by arrogance. www.whitehouse.gov/presidential...
Withdrawing the United States from International Organizations, Conventions, and Treaties that Are Contrary to the Interests of the United States
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES By the authority vested in me as President by the Constitution and the laws of the United
www.whitehouse.gov

When facts (in this case, of oil production and shipping) have no meaning....
Lol how can you tell this administration is lying to you? Because oil hasn't been shipped in actual barrels in over a century
www.cnn.com/2026/01/06/b...
Lol how can you tell this administration is lying to you? Because oil hasn't been shipped in actual barrels in over a century
www.cnn.com/2026/01/06/b...
Six months ago @profmichaelross.bsky.social and I wrote in Foreign Affairs that the US is increasingly behaving like a petrostate. Seems relevant today
I have a new short piece in Foreign Affairs with @profmichaelross.bsky.social arguing that "the United States’ emergence as the world’s leading oil and gas producer is a critical and often neglected element of today’s global disorder." www.foreignaffairs.com/united-state...
Petrostate America
The downsides of energy independence.
www.foreignaffairs.com
How can this be real life? Determining the fate of a foreign country’s government because you didn’t get a prize?

The foreign policy of a personalist dictatorship.
WH sources say Venezuela's opposition leader committed the "ultimate sin": She accepted the Nobel Peace prize.

“If she had turned it down and said, ‘I can’t accept it because it’s Donald Trump’s,’ she’d be the president of Venezuela today,” one said.

www.washingtonpost.com/national-sec...

Indeed, it can always get worse.
for me, the apparent absence of any serious policy process, clear thinking about the national interest or more concrete foreign-policy goals, or effort to look down the game tree is impressive even by Trump standards (1/n)
“.. There is no evidence that anyone on the Trump team has thought about what will happen tomorrow, or next week, or next year ..

“.. we’re not even 24 hours into this .. Decades later, we’re still dealing with the aftermath in Afghanistan and Iraq.”
fallows.substack.com/p/blind-into...
for me, the apparent absence of any serious policy process, clear thinking about the national interest or more concrete foreign-policy goals, or effort to look down the game tree is impressive even by Trump standards (1/n)
“.. There is no evidence that anyone on the Trump team has thought about what will happen tomorrow, or next week, or next year ..

“.. we’re not even 24 hours into this .. Decades later, we’re still dealing with the aftermath in Afghanistan and Iraq.”
fallows.substack.com/p/blind-into...

Some thoughts on what Trump has done in Venezuela and what it might mean for US national security. Caveat: not a Latin America scholar so this is focused on US policy. Clearly huge consequences for Venezuela that others can address.

First, despite the buildup, I didn't think Trump would do it.

1/
"By proceeding without any semblance of international legitimacy, valid legal authority or domestic endorsement, Mr. Trump risks providing justification for authoritarians in China, Russia and elsewhere who want to dominate their own neighbors."

NYT Editorial Board

www.nytimes.com/2026/01/03/o...
Opinion | Trump’s Attack on Venezuela Is Illegal and Unwise
www.nytimes.com

A sad decision from an institution I once loved; the politics of UNC have evolved in all the wrong ways.

Also, "sunset" is such doublespeak. An actual sunset is often beautiful, and it's always followed soon after by a sunrise. Here, it's just an elimination.

www.dailytarheel.com/article/univ...
UNC cuts all six area studies research centers, effective 2026
As part of the University's plan to make $70 million in budget cuts across the institution, Vice Chancellor for Finance and Operations Nate Knuffman projected that cutting 14 centers and institutes in...
www.dailytarheel.com

Reposted by Layna Mosley

Based on their recent @iojournal.bsky.social article Tobias Pforr, @fabianpape.bsky.social & @johannespetry.bsky.social, wrote a short piece for @theconversation.con about the future of the dollar -

https://cup.org/48E2cW9
Is the dominance of the US dollar unravelling under Trump?
The erosion of trust in the US as the steward of the liberal international order should be taken seriously.
theconversation.com

Reposted by John Hogan

The G-20 has done important work on sovereign debt, access to finance and debt crisis resolution.

I visited their website to read materials from their recent summit. All the links to previous work of the G-20 are gone -- they point only here.

Sad for global governance and embarassing for the US.

Reposted by Layna Mosley

@laynamosley.bsky.social (@princetonpolitics.bsky.social) joins other top economists and policy experts in this @fortune.com article from Nick Lichtenberg outlining why the federal government should begin addressing the nation’s $38 trillion debt.

Read the piece: fortune.com/2025/11/13/3...
'We are guilty of spending our rainy-day fund in sunny weather': Top economists unite to urge action on $38 trillion national debt | Fortune
"The day will come when the boiling water finally kills the frog," an essay published by the Peter G. Petersen Foundation said.
fortune.com

Reposted by Elizabeth Saunders

Check out the @iojournal.bsky.social special issue on the future of world order and global governance! #IOFoGG
Our online special issue, The Future of Global Governance and World Order, is out!

It features 15 short essays plus the editors' introduction, all #OpenAccess.

www.cambridge.org/core/journal...

#IOFoGG
Our online special issue, The Future of Global Governance and World Order, is out!

It features 15 short essays plus the editors' introduction, all #OpenAccess.

www.cambridge.org/core/journal...

#IOFoGG

Reposted by Layna Mosley

International Organization will be on winter break from 22 December, 2025 through 9 January, 2026. Manuscripts submitted after 21 December, 2025 will be processed beginning on 10 January, 2026. Thanks!

Reposted by John Hogan

It was a pleasure to talk about the politics of sovereign debt on Paola Subacchi's Debt Talks podcast.

podcast.ausha.co/debttalks/de...
Debt and Politics | Ausha
This episode features political scientists Layna Mosley and Peter Rosendorff in conversation with Paola Subacchi about the domestic and international politics that surround sovereign finance. Since po...
podcast.ausha.co

Reposted by John Hogan

Scotland is issuing kilts. Happy Friday!

on.ft.com/4i1kC7M Scotland to pay borrowing premium in £1.5bn bond market push
Scotland to pay borrowing premium in £1.5bn bond market push
Deputy first minister Kate Forbes says extra cost of ‘kilts’ issuance worth it to build credibility with investors
on.ft.com

Paging David Byrne.
IOW, the US government has stopped making cents.
The US Mint has ended production of the penny after 230 years.
IOW, the US government has stopped making cents.
The US Mint has ended production of the penny after 230 years.

Domestic politics of debt crises/restructuring:

-Blame predecessors for high debt burden (hidden debt revelations make this effective).
-Avoid IMF program & conditions.
-Hold out for an improvement in debt servicing capacity, perhaps through resource revenues or taxation.

on.ft.com/3JERoii
Senegal’s foreign bonds plunge as government rules out restructuring
West African nation has become a test of IMF’s ability to deal with hidden debt and secure relief from creditors to support bailouts
on.ft.com

100% tariffs, definitely illegal.
42 million people will lose their SNAP benefits on 1 November.

Reposted by Daniel W. Drezner

But we were assured that the foreigners would pay for the tariffs.
The U.S. is experiencing its highest wave of layoffs since 2020, with close to a million workers losing their jobs this year.

Reposted by Layna Mosley

The U.S. is experiencing its highest wave of layoffs since 2020, with close to a million workers losing their jobs this year.