Here’s a link to a great conversation hosted by @phenomenalworld & @QuincyInst with @MonaAli_NY_US & @Brad_Setser, moderated by @StynesMichael about the $, imbalances, global public goods (or not) and other themes related to “Monetizing Primacy.” www.youtube.com/watch?v=0Qc9...

Chiara Cordelli, "Is Money a Public Good?”

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

The key chart right now:

Usually US economic pain is cushioned by falling bond yields and a strengthening dollar, which mean lower interest rates and more spending power for consumers.

This time we’re seeing the opposite, meaning the pain will be amplified.

New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change
doi.org/10.1177/1024...

I find myself revisiting/reading books on the theory of money.

Ingham’s “nature of money” (ranks high for me despite embrace of chartalism)
Hick’s “market theory of money”
Desan’s “making money”
Keynes’ “Treatise”
Neilson’s “Minsky”
Schumpeter’s “History”
Hawtrey’s “Currency & credit”

1/2

In case you are also following the French situation minute by minute, here is my take on its implications for EU fiscal governance for the @lseeuroppblog.bsky.social

blogs.lse.ac.uk/europpblog/2...

As someone who has reported on AI for 7 years and covered China tech as well, I think the biggest lesson to be drawn from DeepSeek is the huge cracks it illustrates with the current dominant paradigm of AI development. A long thread. 1/

Happy to share my first article from my PhD thesis, now published in NPE:

"Rethinking predation under financialisation through the history of subprime mortgages: Toward a raider logic of finance." 🧵

Read here: doi.org/10.1080/1356....

DM me for one of 50 free copies.