Dillon Wamsley
@dillonwamsley.bsky.social
Research fellow @uompols.bsky.social
Researching political economy, sovereign debt, macroeconomic policy
Researching political economy, sovereign debt, macroeconomic policy
Pinned
When neoliberalism meets technocracy: intra-elite conflict and the realignment of Britain’s macroeconomic regime under Liz Truss
This article offers a new account of Liz Truss’s premiership by analysing the political economy of the 2022 mini-Budget crisis. Engaging with literature on depoliticisation, statecraft, and the Cit...
www.tandfonline.com
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
Reposted by Dillon Wamsley
This is a very interesting piece, both in terms of its analysis of the Truss government and its implications for how we think about the politics of depoliticisation today.
November 23, 2025 at 8:39 AM
This is a very interesting piece, both in terms of its analysis of the Truss government and its implications for how we think about the politics of depoliticisation today.
Good read from @willdunn.bsky.social in @newstatesman1913.bsky.social, especially this on trader views of the (lack of) credibility of the Labour gvm’t: ‘there is no plan, there is no vision, and they’re not going to succeed because they don’t have the talent’ But two things are missing🧵
Meet the bond market vigilantes
Governments are now at the mercy of unseen investors
www.newstatesman.com
November 20, 2025 at 2:16 PM
Good read from @willdunn.bsky.social in @newstatesman1913.bsky.social, especially this on trader views of the (lack of) credibility of the Labour gvm’t: ‘there is no plan, there is no vision, and they’re not going to succeed because they don’t have the talent’ But two things are missing🧵
Reposted by Dillon Wamsley
Pleased to post this new Dig ep w/ my partner in all things @triofrancos.bsky.social on her beautiful book Extraction: The Frontiers of Green Capitalism. We go from Chile to Nevada, from dawn of colonialism to geoeconomic conflict between the US and China—and more www.thedigradio.com/podcast/extr...
Extraction w/ Thea Riofrancos
Featuring Thea Riofrancos on Extraction: The Frontiers of Green Capitalism. The green energy transition requires a vast array of inputs: copper, cobalt, rare earth elements, and the focus of this disc...
www.thedigradio.com
November 13, 2025 at 5:40 PM
Pleased to post this new Dig ep w/ my partner in all things @triofrancos.bsky.social on her beautiful book Extraction: The Frontiers of Green Capitalism. We go from Chile to Nevada, from dawn of colonialism to geoeconomic conflict between the US and China—and more www.thedigradio.com/podcast/extr...
Reposted by Dillon Wamsley
📝 Don't miss this article from the current issue of #BJPIR
'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social
🔗 buff.ly/62G4GAB
'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social
🔗 buff.ly/62G4GAB
November 13, 2025 at 2:44 PM
📝 Don't miss this article from the current issue of #BJPIR
'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social
🔗 buff.ly/62G4GAB
'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social
🔗 buff.ly/62G4GAB
Reposted by Dillon Wamsley
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
newleftreview.org
November 12, 2025 at 8:38 PM
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
When neoliberalism meets technocracy: intra-elite conflict and the realignment of Britain’s macroeconomic regime under Liz Truss
This article offers a new account of Liz Truss’s premiership by analysing the political economy of the 2022 mini-Budget crisis. Engaging with literature on depoliticisation, statecraft, and the Cit...
www.tandfonline.com
November 12, 2025 at 9:30 PM
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
Reposted by Dillon Wamsley
BoE rolls out new defence of QE-QT, stressing low costs for long-maturity debt in QE decade. But it's drawing arbitrary boundaries: analysis (APF Q3 Rept) fails to note that BoE conditioned QE on HMT accepting gilt issue limits, part of causal chain to catastrophic austerity. on.ft.com/3JY23EM
Bank of England’s Andrew Bailey says QE will offset its costs in long term
Bank governor responds to investors and politicians after value of its holdings of UK government bonds fell
on.ft.com
November 12, 2025 at 2:31 PM
BoE rolls out new defence of QE-QT, stressing low costs for long-maturity debt in QE decade. But it's drawing arbitrary boundaries: analysis (APF Q3 Rept) fails to note that BoE conditioned QE on HMT accepting gilt issue limits, part of causal chain to catastrophic austerity. on.ft.com/3JY23EM
Reposted by Dillon Wamsley
Labour government preparing to hike income taxes - blaming bond markets.
not one adult in the room will say the obvious:
1. Britain's fiscal rules are shambles
2. Bank of England has too much power over fiscal decisions
3. ignore bond vigilantes
www.ft.com/content/5c8f...
not one adult in the room will say the obvious:
1. Britain's fiscal rules are shambles
2. Bank of England has too much power over fiscal decisions
3. ignore bond vigilantes
www.ft.com/content/5c8f...
Keir Starmer puts Labour MPs on notice for Budget tax rises
Prime minister declines to rule out higher income taxes as Treasury lays foundations for bigger fiscal buffer
www.ft.com
October 31, 2025 at 7:44 AM
Labour government preparing to hike income taxes - blaming bond markets.
not one adult in the room will say the obvious:
1. Britain's fiscal rules are shambles
2. Bank of England has too much power over fiscal decisions
3. ignore bond vigilantes
www.ft.com/content/5c8f...
not one adult in the room will say the obvious:
1. Britain's fiscal rules are shambles
2. Bank of England has too much power over fiscal decisions
3. ignore bond vigilantes
www.ft.com/content/5c8f...
“There are entire ruling class industries on the market side…and committees and subcommittees and consultants on the government side, working hand in hand that take in billions of public dollars to make that opaque… regime of credit allocation function.”
thebaffler.com/latest/payin...
thebaffler.com/latest/payin...
Paying for It | David I. Backer
Should Zohran Mamdani become the next mayor of New York City, he will be restricted by the municipal bond market.
thebaffler.com
October 30, 2025 at 1:32 AM
“There are entire ruling class industries on the market side…and committees and subcommittees and consultants on the government side, working hand in hand that take in billions of public dollars to make that opaque… regime of credit allocation function.”
thebaffler.com/latest/payin...
thebaffler.com/latest/payin...
Reposted by Dillon Wamsley
New @thedigradio.bsky.social: SECOND of two w @melindacooper.bsky.social on Counterrevolution: Extravagance and Austerity in Public Finance. How asset boom and bust drove MAGA’s rise and also revealed powerful monetary tools that could make socialism—that and more www.thedigradio.com/podcast/from...
From Fiscal Austerity to Monetary Abundance w/ Melinda Cooper
Featuring Melinda Cooper on Counterrevolution: Extravagance and Austerity in Public Finance. Balanced budget conservatism and supply side populism engineered a politics of austerity and budget deficit...
www.thedigradio.com
October 10, 2025 at 7:05 PM
New @thedigradio.bsky.social: SECOND of two w @melindacooper.bsky.social on Counterrevolution: Extravagance and Austerity in Public Finance. How asset boom and bust drove MAGA’s rise and also revealed powerful monetary tools that could make socialism—that and more www.thedigradio.com/podcast/from...
Reposted by Dillon Wamsley
Does China's party-state capitalist model mean it can fully decarbonise its economy?
Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis
🎧 shorturl.at/xUwW5
Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis
🎧 shorturl.at/xUwW5
September 24, 2025 at 8:47 AM
Does China's party-state capitalist model mean it can fully decarbonise its economy?
Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis
🎧 shorturl.at/xUwW5
Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis
🎧 shorturl.at/xUwW5
Reposted by Dillon Wamsley
The Rhodes Center Podcast is back. Me and Leah Downey on her wonderful book Our Money: Monetary Policy as if Democracy Matters. This is part one of two. In part two we discuss what happens when democracy starts to get the upper hand. Coming soon: player.captivate.fm/episode/eb5e...
Independent from who exactly? Central banks and democracy (part 1)
Quickly and easily listen to The Rhodes Center Podcast with Mark Blyth for free!
player.captivate.fm
September 19, 2025 at 7:16 PM
The Rhodes Center Podcast is back. Me and Leah Downey on her wonderful book Our Money: Monetary Policy as if Democracy Matters. This is part one of two. In part two we discuss what happens when democracy starts to get the upper hand. Coming soon: player.captivate.fm/episode/eb5e...
“What is more, one wonders why something as crucial as borrowing costs to the lives of every citizen should sit beyond a country’s democratic process.”
www.ft.com/content/a667...
www.ft.com/content/a667...
I can take or leave central bank independence, frankly
It makes no difference to growth and policymakers are always in hock to someone
www.ft.com
September 5, 2025 at 11:34 AM
“What is more, one wonders why something as crucial as borrowing costs to the lives of every citizen should sit beyond a country’s democratic process.”
www.ft.com/content/a667...
www.ft.com/content/a667...
Reposted by Dillon Wamsley
My newest piece for Jacobin traces the ideological inheritances of Danielle Smith.
jacobin.com/2025/08/albe...
@johncke.bsky.social @charlieangus104.bsky.social @dgrdon.bsky.social @nolore.bsky.social @youcaughtscott.com @desmondcole.bsky.social @temcd.bsky.social @dillonwamsley.bsky.social
jacobin.com/2025/08/albe...
@johncke.bsky.social @charlieangus104.bsky.social @dgrdon.bsky.social @nolore.bsky.social @youcaughtscott.com @desmondcole.bsky.social @temcd.bsky.social @dillonwamsley.bsky.social
Meet Danielle Smith, Canada’s Ayn Rand in Cowboy Boots
Danielle Smith, Alberta’s leader, is fusing libertarian dogma with oil-soaked grievance politics. It’s Canada’s version of the New Right, dressed up in provincial pride.
jacobin.com
September 1, 2025 at 12:16 AM
My newest piece for Jacobin traces the ideological inheritances of Danielle Smith.
jacobin.com/2025/08/albe...
@johncke.bsky.social @charlieangus104.bsky.social @dgrdon.bsky.social @nolore.bsky.social @youcaughtscott.com @desmondcole.bsky.social @temcd.bsky.social @dillonwamsley.bsky.social
jacobin.com/2025/08/albe...
@johncke.bsky.social @charlieangus104.bsky.social @dgrdon.bsky.social @nolore.bsky.social @youcaughtscott.com @desmondcole.bsky.social @temcd.bsky.social @dillonwamsley.bsky.social
Reposted by Dillon Wamsley
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution.
Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
The Long Twilight of Central Bankism
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
jacobin.com
August 28, 2025 at 7:14 PM
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution.
Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
Reposted by Dillon Wamsley
🏠 Why is the housing market so broken?
Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it.
🔊 Listen: player.sheffield.ac.uk/events/housi...
#HousingCrisis
Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it.
🔊 Listen: player.sheffield.ac.uk/events/housi...
#HousingCrisis
August 14, 2025 at 11:00 AM
🏠 Why is the housing market so broken?
Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it.
🔊 Listen: player.sheffield.ac.uk/events/housi...
#HousingCrisis
Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it.
🔊 Listen: player.sheffield.ac.uk/events/housi...
#HousingCrisis
Reposted by Dillon Wamsley
Why does austerity keep coming back?
In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century.
Listen now on The Player: bit.ly/45zUEU8
#Austerity #CrisisPoint #PoliticalEconomy
In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century.
Listen now on The Player: bit.ly/45zUEU8
#Austerity #CrisisPoint #PoliticalEconomy
August 4, 2025 at 10:46 AM
Why does austerity keep coming back?
In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century.
Listen now on The Player: bit.ly/45zUEU8
#Austerity #CrisisPoint #PoliticalEconomy
In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century.
Listen now on The Player: bit.ly/45zUEU8
#Austerity #CrisisPoint #PoliticalEconomy
Reposted by Dillon Wamsley
Prof Matthew Watson joins @sperishefuni.bsky.social's podcast to ask: was the Long Depression truly a crisis?
From falling profits to class conflict, this period changed how we think about capitalism.
Listen now: bit.ly/3H4K4Lw
#EconomicHistory #PoliticalEconomy #ThePlayerSheffield
From falling profits to class conflict, this period changed how we think about capitalism.
Listen now: bit.ly/3H4K4Lw
#EconomicHistory #PoliticalEconomy #ThePlayerSheffield
July 29, 2025 at 11:49 AM
Prof Matthew Watson joins @sperishefuni.bsky.social's podcast to ask: was the Long Depression truly a crisis?
From falling profits to class conflict, this period changed how we think about capitalism.
Listen now: bit.ly/3H4K4Lw
#EconomicHistory #PoliticalEconomy #ThePlayerSheffield
From falling profits to class conflict, this period changed how we think about capitalism.
Listen now: bit.ly/3H4K4Lw
#EconomicHistory #PoliticalEconomy #ThePlayerSheffield
"In the short term, the basic arithmetic of bond markets has deteriorated; more supply coupled with a reduction in both reliable and speculative demand. And that means higher bond yields look probable, forcing governments to pay more to fund their ever-growing deficits."
www.ft.com/content/2209...
www.ft.com/content/2209...
The bond market maths does not add up for governments
Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits
www.ft.com
July 26, 2025 at 9:10 AM
"In the short term, the basic arithmetic of bond markets has deteriorated; more supply coupled with a reduction in both reliable and speculative demand. And that means higher bond yields look probable, forcing governments to pay more to fund their ever-growing deficits."
www.ft.com/content/2209...
www.ft.com/content/2209...
Reposted by Dillon Wamsley
What caused the 2008 financial crash? Why does it still matter today?
Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next.
🎧 Listen here: bit.ly/3UiPw0a
Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next.
🎧 Listen here: bit.ly/3UiPw0a
July 21, 2025 at 10:11 AM
What caused the 2008 financial crash? Why does it still matter today?
Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next.
🎧 Listen here: bit.ly/3UiPw0a
Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next.
🎧 Listen here: bit.ly/3UiPw0a
Reposted by Dillon Wamsley
What can the 1997 Asian Financial Crisis tell us about capitalism and global crashes?
Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008.
Listen now on The Player: bit.ly/3TACefp
Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008.
Listen now on The Player: bit.ly/3TACefp
July 14, 2025 at 10:17 AM
What can the 1997 Asian Financial Crisis tell us about capitalism and global crashes?
Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008.
Listen now on The Player: bit.ly/3TACefp
Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008.
Listen now on The Player: bit.ly/3TACefp
Reposted by Dillon Wamsley
We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.
America’s Braudelian Autumn | Benjamin Braun & Cédric Durand
Factions of capital in the second Trump administration
www.phenomenalworld.org
May 30, 2025 at 12:07 PM
We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.
“the debt crisis creates constraints beyond any Caesarist ambition. Either Trump has to make decisions on tariffs that calm bond markets, or, he will have to rely on the Fed’s willingness to activate more QE”https://unherd.com/2025/05/trumps-new-world-disorder/
Trump’s new world disorder
unherd.com
May 17, 2025 at 1:18 PM
“the debt crisis creates constraints beyond any Caesarist ambition. Either Trump has to make decisions on tariffs that calm bond markets, or, he will have to rely on the Fed’s willingness to activate more QE”https://unherd.com/2025/05/trumps-new-world-disorder/
“Thatcher didn’t plan to financialise the British economy; nor did she think she could survive unemployment of more than 10 per cent... By 1990, she’d shown you could do all these things and still win elections. This was the Thatcher transformation.” www.lrb.co.uk/the-paper/v4...
Florence Sutcliffe-Braithwaite · It’s a shitshow: Thatcher’s Failed Experiment
Tim Lankester, Thatcher’s private secretary for economic affairs for the first two and a half years of her tenure,...
www.lrb.co.uk
May 4, 2025 at 8:44 AM
“Thatcher didn’t plan to financialise the British economy; nor did she think she could survive unemployment of more than 10 per cent... By 1990, she’d shown you could do all these things and still win elections. This was the Thatcher transformation.” www.lrb.co.uk/the-paper/v4...
Reposted by Dillon Wamsley
💭NEW BLOG💭
Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series
📝Read the blog: shorturl.at/sfKqO
🎧Listen to the series: shorturl.at/wxXZJ
Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series
📝Read the blog: shorturl.at/sfKqO
🎧Listen to the series: shorturl.at/wxXZJ
April 29, 2025 at 8:57 AM
💭NEW BLOG💭
Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series
📝Read the blog: shorturl.at/sfKqO
🎧Listen to the series: shorturl.at/wxXZJ
Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series
📝Read the blog: shorturl.at/sfKqO
🎧Listen to the series: shorturl.at/wxXZJ