Josh Ryan-Collins

Very good thread here. Capitalism is a two price system - asset prices and commodity prices (Minsky). Interest rate adjustments effect the former much more quickly and substantially than the latter. But its the latter CBs are trying to impact.

Excellent thread demonstrating how, across every important economic indicator, austerity failed to do what its proponents, both political and academic, said it would do.

Excellent report from @PEF_online on the disasterous economic impacts of austerity since 2009

There are huge differences between industries within the private sector which means averaging is of limited value anyway. This article is helpful

All laid out in excellent report by @ianmulheirn and colleagues commissioned by @jrf_uk

Exponential increases in wealth for richer households over the past two decades whilst incomes have stagnated: a social mobility disaster. The case for taxation of wealth is now overwhelming, as this comprehensive report from the @TheIFS demonstrates.

RIP Herman Daly, founding father of Ecological Economics & Steady State Economics. A true great whose work is only now being appreciated as the world faces up to ecological catastrophe. Here's an interview he gave for the NY Times this summer.

See this excellent paper by @csissoko for more on Blackrock's role here: