Layna Mosley
@laynamosley.bsky.social
3.9K followers 340 following 140 posts
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/
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laynamosley.bsky.social
Applications for the Niehaus Center for Globalization and Governance's postdoctoral fellowship program for 2026-2027 are due Monday, October 13.

Details here: www.princeton.edu/acad-positio...
Application for Niehaus Center for Globalization and Governance - Postdoctoral Research Associate
www.princeton.edu
laynamosley.bsky.social
Staying in as long as others do, is my guess.
laynamosley.bsky.social
Maybe it's less impressive to issue debt at just over US rates, given that the US has become (or should become?) a riskier place?

on.ft.com/3VCzxuE
Reposted by Layna Mosley
asociologist.bsky.social
Texas A&M’s President just removed a dean and department head from their positions after they supported a professor whose lesson on gender was challenged by a student. www.kbtx.com/2025/09/09/a...
A&M Dean removed following student complaints over curriculum
The Department of Justice has also acknowledged the situation and said it would be investigating.
www.kbtx.com
Reposted by Layna Mosley
mcopelov.bsky.social
A 9-member superlegislature, imposing its political preferences, totally detached from the law, constitution, precedent, & plain meaning of words, just as the Founders intended.
stevenmazie.bsky.social
SCOTUS: considering race as one factor in a college applicant's file is blatantly unconstitutional

ALSO SCOTUS: considering race as one factor in targeting whom to detain and deport is cool cool cool
laynamosley.bsky.social
"“Defense is too defensive,” Trump said.

Can't really argue with that, IR scholars!
laynamosley.bsky.social
And then there are the long term consequences of the tariffs not only for the US economy, but also for global (or at least, US-led) economic governance. Sigh.
laynamosley.bsky.social
The reported CBO projection of $4 trillion in tariff revenue over 10 years seems to assume that tariffs won't work very well in terms of bringing production back to the US, or reducing consumer demand for imports. www.cbo.gov/publication/... [2/n]
An Update About CBO's Projections of the Budgetary Effects of Tariffs
As tariffs changed frequently throughout 2025, CBO has regularly updated the Congress about projected tariff revenues; this blog post is the latest in that series.
www.cbo.gov
laynamosley.bsky.social
I suppose it's good that these investors are describing tariffs as a tax (or, at least, a source of revenue), but do they really expect that the revenue will do much to reduce US borrowing requirements and overall debt? [1/n]

on.ft.com/4p6YpIk
Bond investors count on Trump tariff revenues to rein in US debt
President’s levies now seen as a way to offset tax cuts and keep a lid on government borrowing
on.ft.com
laynamosley.bsky.social
Yes, Keynes' newspaper beauty contest (and the incentives to remain invested and earn returns, right until everyone else also decides to sell).
laynamosley.bsky.social
The bond market vigilantes aren't going to save us, version 342.

"Eighty-two per cent of the participants in the FT poll are convinced that financial markets have so far priced in the White House’s interventions on the Fed only partially or marginally..."

on.ft.com/464lZwU
Financial Times
News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
FT.com
Reposted by Layna Mosley
normeisen.bsky.social
Go ahead, make my day Mr. Trump

We @democracydefendersfund.org immediately sued you & got an injunction on your 1st voting EO

We will do the same here if you try it again

The Constitution gives this authority to the states & Congress, not you!

www.nytimes.com/2025/08/31/u...
Trump Says He Will Sign Executive Order Mandating Voter I.D.
www.nytimes.com
laynamosley.bsky.social
And with a bit of karaoke at the end.

(But fed governors not being accustomed to needing to take public stances, yes…)
laynamosley.bsky.social
Institutional investors describing this as exemplifying "fiscal dominance risk" seems less accurate than "another example of an authoritarian act to undermine institutions, plus racism and misogyny."

Sure, governments care more about borrowing costs as debt increases, but...

on.ft.com/4fUW4fC
US long-term debt sells off after Trump’s attempted firing of Fed governor
Gap between long-term and short-term borrowing costs is close to its widest for three years
on.ft.com
laynamosley.bsky.social
If only the Senate cared about Fed officials having any grasp on reality…

www.nytimes.com/2025/08/07/u...
Reposted by Layna Mosley
justinwolfers.bsky.social
Firing the BLS Commissioner — the wonk in charge of the statisticians who track economic reality — is an authoritarian four alarm fire.

It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
laynamosley.bsky.social
Next: president attempts to fire the head of the S&P for not providing better numbers.
laynamosley.bsky.social
I'll take "narcissists projecting" for $200, please.

“She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes,” Trump said.

on.ft.com/44XPXTT
Financial Times
News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
FT.com
Reposted by Layna Mosley
kairyssdal.bsky.social
Okay, *now you can start to worry about data being manipulated.
kairyssdal.bsky.social
Corrupt. Dangerous. Deeply deeply damaging.
laynamosley.bsky.social
Here's another one from Miran, from today:

7. "Both of those sources of uncertainty are resolved," Miran said. "We expect things to get materially stronger from here, now that our policies are starting to sort into place."

[bad job numbers? wait until next month! abcnews.go.com/Business/hir...
Weak jobs report 'not what we want to see,' White House says
The jobs report comes days after the Fed opted to hold interest rates steady.
abcnews.go.com
laynamosley.bsky.social
(BLS already had slowed collection of data related to prices; and now Trump threatens to fire its Commissioner because he doesn't like the jobs data)
laynamosley.bsky.social
Autocrats don't want citizens to have accurate information about the state of the economy, as such shared information makes it easier to coordinate political behavior.

It also makes more obvious the negative consequences of Trump's trade policies.

www.nytimes.com/2025/07/30/b...
Cuts to Data Collection May Erode Reliability of Economic Statistics
www.nytimes.com