A good one.

Beleuchtet das Jahr 2020 und die Reaktion der Staaten auf #covid aus Sicht der #Finanzen (für mich also mal ganz anders).

#urlaubslekture #tooze

@anneroth Adam #Tooze hatte damals schon in der Zeit geschrieben dass Lindner als Finanzminister ein Fehler wäre und ist deswegen von deutschen Ökonomen als „nicht zum Volkskörper zugehörig“ bezeichnet worden. Und das obwohl er völlig recht hatte.

Here's the episode of Ones and #Tooze where they compare the economic position and politics of Europe vs. the United States and make a case for strong government support of local industry.

Like Habeck says here: The choice is either to debt spend on your industry or to lose your local industry altogether.

https://adamtooze.com/2023/06/23/ones-tooze-the-united-states-vs-europe/

According to Adam #Tooze Germany could easily support having a public debt twice the size it has right now.

This country could look unimaginably different and work much better than it does right now.

An interesting episode of Ones and #Tooze that posits:

- Europe’s reluctance (neoliberal orthodoxy) to support its local industry is holding it back severely in competition with the US and China.

- Germany could double its current debt without significant negative effects (and become carbon neutral < 10 years). It won’t because of criminal policy failures committed by the economic establishment and political elites.

https://pca.st/episode/bbe7da2c-8473-4d90-9eaf-563dfd1d67c6

“trump’s in trouble! time to fire up the #tooze machine boys,”