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Wealth, Power, and Populism in India

INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 1d

What if AI is a bubble? Servaas Storm’s latest working paper discusses three sobering research studies showing that novel ever-larger GenAI models do not become better, but worse, and do not reason, but rather parrot reasoning-like text.
www.ineteconomics.org/perspectives...

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 6d

$142B in buybacks hollowed out Intel. In India, inequality and neoliberal reforms hollowed out jobs.

👉 youtu.be/D5SsmvxMX5A 👀

Sripad Motiram explains how neoliberal reforms fueled inequality and set the stage for Hindu nationalism.

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 7d

New: Vestergaard & Wade Paper: 3 scenarios for the WB shareholding review—worst case= stalemate, a modest reform w/symbolic gestures, & best-case= a new institutional design based on misalignment limits, responsible shareholding, & open leadership selection. www.ineteconomics.org/research/res...

INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 8d

CEO pay is out of control.

👉 youtu.be/rI8b21JujVk 👀

@deanbaker13.bsky.social @ceprdc.bsky.social digs into the problem, and what we can do about it.

How to Unf★ck CEO Pay

Economist Chris Hughes on the Fed, Crypto, and the Danger of Trump’s Vision

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 9d

@c-hughes.bsky.social on stablecoins: “It has never before in history been possible to steal a billion dollars or even transfer a million dollars w/o any government or any intermediary knowing… w/stablecoins… nobody even knows.” Check out convo w/ Lynn Parramore www.ineteconomics.org/perspectives...

Hughes discusses his recent book Marketcrafters, and how markets are deliberately built with outcomes that can serve the public good – or not. He uses this lens to unpack today’s economic flashpoints,...

www.ineteconomics.org

INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 11d

Is inflation just a number game or does it hold deeper societal implications?

👉 youtu.be/fjoDjv1R3to 👀

@isabellamweber.bsky.social @umassamherst.bsky.social challenges traditional economic stances on inflation & delves into the social dimensions of pricing.

Sellers Inflation [Isabella Weber]

What Money Can't Buy is a six part series exploring the role of money and morals in today's world.

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 13d

“Crypto has no underlying value. I think it’s largely a scam... the President’s own issuance of these coins — which have meaningfully enriched him and his wife — evidence of the kleptocracy that you mention.- @c-hughes.bsky.social Interview w/ Lynn Parramore www.ineteconomics.org/perspectives...

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 13d

Taxpayers fund the science.

Pharma keeps the profits

👉 youtu.be/S46Jqo_--T0 👀

@oner-tulum.bsky.social explains why high drug prices are about shareholder payouts—not innovation.

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 14d

World Cup. Disney World. Taylor Swift.
Now AI sets the ticket price—and not everyone can pay.
@rickmcgahey.bsky.social @forbes.com asks: is this ethical?
Our series #WhatMoneyCantBuy investigates.

📺 Watch the series: whatmoneycantbuy.org

📰 Read the article: www.forbes.com/sites/richar...

What Money Can't Buy

whatmoneycantbuy.org

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 15d

Why do we tolerate excessively high unemployment?
👉 youtu.be/9n8Mk8K_YpU 👀
@deanbaker13.bsky.social @ceprdc.bsky.social explains the inflation obsession & how monetary policy could shift to actually support the majority of workers.

How to Unf★ck Unemployment

The Fed just cut rates. But relief might not come quickly enough for some Americans | CNN Business

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 18d

How economists invented austerity & paved the way to fascism
👊 youtu.be/ofFR1mD2UOM 👀
Clara Mattei @freefreeforum.bsky.social talks about her book "The Capital Order" & the real reason we are awash in austerity measures.

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19d

With wealth holdings so concentrated in the top 10%, the fiction that one can analyze macroeconomics without reference to the lopsided distribution has worn thin. It needs to be abandoned once and for all. www.cnn.com/2025/09/18/b...

The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequalit...

www.cnn.com

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19d

Big tech, crypto, & the wealthy have shaped political priorities, creating a clash w/ labor, unions, & ordinary voters. To regain trust, they need to focus on real issues—wages, healthcare, Social Security, housing, & making tech work for everyone, not just the elite jacobin.com/2025/09/tech...

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 20d

In this interview Thomas Ferguson argues that the Democratic Party’s struggles aren’t just about messaging—they’re about money and economic interests jacobin.com/2025/09/tech...

Tech Capital Is Dominating American Politics

While Donald Trump assaults civil liberties and the social safety net, Democrats are lost. Capital’s continued dominance of both parties and Big Tech’s machinations in particular are key to understand...

jacobin.com

Intellectual Property Is Broken [Dean Baker]

INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 20d

We’ll spend $500B this year on prescription drugs.

Most of that cost?
Not production.
Not science.
Profits.

@deanbaker13.bsky.social on why IP is broken: youtu.be/cJJZUgt8kVM

Where Do CBDCs Stand In The Hierarchy Of Money?

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Reposted by INET - Institute for New Economic Thinking

SSRN @ssrn.bsky.social · 21d

This article argues that while #generativeAI is transforming advertising, increased competition alone won't solve #privacy & #BigTech dominance issues—especially if firms profit from surveillance & manipulation.

Read: papers.ssrn.com/sol3/papers....
Subscribe: www.ssrn.com/index.cfm/en...

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 21d

“Seeking to educate myself on money, I took Professor
Perry Mehrling’s famous MOOC course"
forbes.com/sites/vipinb...
If you'd like to join Vipin and follow in the footsteps of thousands of other students:
ineteconomics.org/education/co... 🧠

CBDCs are at the top of the hierarchy of money, similar to cash. Banning the Fed from studying, researching and issuing it is blocking a vital public utility.

forbes.com

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 22d

Modern IP protections are lining pockets not shelves.
💸🤑💸
So, what's the fix? Watch episode 1 of #Unf_ckAmerica w/
Dean Baker @ceprdc.bsky.social & find out:
🌠 youtu.be/idnhcs0WuBY 👀

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 27d

Think economic beliefs follow political lines? Think again. New study has big implications for economists, policy makers, and campaigners. www.ineteconomics.org/perspectives...

Study Finds Male and Female Economists See the Economy Differently -- Even When Politically Aligned. It Matters for Everyone.

In a significant new study published by the Institute for New Economic Thinking, Canadian economist Mohsen Javdani reveals that gender shapes views on power, equality, and inclusion in ways politics a...

www.ineteconomics.org

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 27d

Surveying 2,400+ economists across 19 countries, this study finds stark divides: women economists lean left, men lean centrist/right. Yet even within the same ideology, women remain more likely to stress inequality & corporate power. www.ineteconomics.org/perspectives...

INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 27d

"Adam Smith is alive—but not doing very well—because he's being held prisoner in Chicago."
👉 youtu.be/iQ27Q5LR-WU 👀
Benjamin Friedman @harvard.edu explains how Adam Smith, the Enlightenment, and modern American politics are still shaped by theology.

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INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 27d

"Real wages for most American workers have declined substantially under inflation."
...
"Wealth gains by the top 10% enabled the richest American households to step up consumption, even when their real incomes were falling." -Ferguson & Strom on the dual economy www.ineteconomics.org/perspectives...