Stefan Eich

YouTube video by Watson School of International and Public Affairs Our Money: Monetary Policy as if Democracy Matters

We are delighted to share this fascinating Watson School of International and Public Affairs Podcast with Leah Downey, author of Our Money: Monetary Policy as if Democracy Matters.

www.youtube.com/watch?v=ysMz...

#money #democracy #economics #policy

It's not as simple as central bank independence good, political involvement bad. As highlighted in our conversation with Stefan Eich.

@stefeich.bsky.social

Une merveilleuse analyse sur la tension entre la promesse d'efficacité technocratique et les institutions démocratiques. D'actualité frappante en suivant le débat européen sur les omnibus.

TNS Community and Supporters Demand: Stop The Cuts! To President Towers and The New School Board of Trustees: We, the undersigned members of The New School community and supporters, write to demand you put an immediate halt to planned downsizing, layo...

Thx friends @adamtooze.bsky.social, @astra.bsky.social, @mollycrabapple.bsky.social, @alybatt.bsky.social, @stefeich.bsky.social, @danielloick.bsky.social & others who signed condemning malicious cuts at The New School @newschoolaaup.bsky.social @aaup.org Join them! docs.google.com/document/d/1...

YouTube video by Stanford CDDRL Juliet Johnson — Show Me the Money: Central Bank Museums and Public Trust in Monetary Governance

Ha, looks wonderful! I somehow missed this when I was in Lisbon exactly a year ago. Next time! And the real guide we want is @excubs.bsky.social, who has been touring central bank money museums all over the world (though this one also seems to be still on her bucket list).

youtu.be/oK2ecRaTVpI?...

excited to have a research note for DERISK, co-authored with my two amazing post-docs Virginia De Biasio and Robert Reamer. In the note, we outline some of the threats posed by systemic risks to democracy and discuss a potential pathway forward. Check it out here: www.derisk.org.uk/working-papers

Independent from who exactly? Central banks and democracy (part 1) Quickly and easily listen to The Rhodes Center Podcast with Mark Blyth for free!

The Rhodes Center Podcast is back. Me and Leah Downey on her wonderful book Our Money: Monetary Policy as if Democracy Matters. This is part one of two. In part two we discuss what happens when democracy starts to get the upper hand. Coming soon: player.captivate.fm/episode/eb5e...

Alas the idea has become such a disembodied sibling of the confidence fairy that anything but silent neutrality will be seen as an attack on independence. Trump’s antics obviously don’t help.

But paradoxically the sanctity of CBI as an article of faith has only grown with its evident hollowing out.

Bailey’s obsession w/ quantitative tightening should be a *much* more important story in any account of what’s going on w/ UK gilts.

But, perversely, if a Chancellor were to point out that the Bank of England wields quasi-fiscal powers, this would be seen as a violation of central bank independence

Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year

it's Monday, another day when Andrew Bailey, the governor of the Bank of England, enjoys fiscal powers nobody gave him, and uses them against the government

www.theguardian.com/business/202...

@rlspang.bsky.social provides lots of details here on the politics of recent goldsilverbuggery. Also helpful: this article from a few years ago by @stefeich.bsky.social on crypto and the politics of depoliticization:

academic.oup.com/book/36505/c...

Neoliberalism and Race | Stanford University Press Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studi...

Very exciting to see that my book has its own page on the SUP website now

Should be hitting shelves in October!

www.sup.org/books/theory...

Tim is writing the first draft of history ya'll, if you aren't already reading Polycrisis religiously you need to get on that.

Here’s a little teaser in _Finance & Society_ but Leah and I have more in the review pipeline right now!

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

Heartening to see the spirit of Keynes channeled in today’s Letters to the FT.

The CB rush to gold is far darker than portfolio diversification. It represents an admission of international institutional collapse and a tragic shift into unproductive hoarding. Bravo Vishnu Nair!

Thanks Laia!! 🙏

Appropriately perhaps, today is the birthday of Maynard Keynes, Britain's greatest ever financial warrior: 142 years young today. #AgeofMammonandMars

The limits to derisked decarbonization: state capacity unevenness in domestic green transition strategies With the adoption of the Paris Agreement in 2015, governments around the world committed to developing national plans to reduce emissions and limit average global temperatures to below 2 °C above p...

What does de-risked decarbonization mean for state capacity across sectors?

I am THRILLED that this article is now out in @ripejournal.bsky.social! 🔓

Current climate finance regimes lock in lopsided transitions - states need resources for unbankable transitions.
www.tandfonline.com/doi/full/10....

Thanks for reading! Actually working on some projects on “counterfeit democracy” (including of the crypto variety) with Leah Downey, whose recent excellent book you might also appreciate.

Bloch: “I believe, Teddy, that we are certainly in agreement here: the essential function of utopia is a critique of what is present. If we had not already gone beyond the barriers, we could not even perceive them as barriers.”

Hi folks! Discount code incoming for my new book Contested Territory: A Theory of Land and Democracy beyond Sovereign Bounds.

Alasdair MacIntyre This award-winning biography, now available for the first time in English, presents an illuminating introduction to Alasdair MacIntyre and locates his thinki...

For what it’s worth, I still think one of the best studies of the late Alasdair MacIntyre & his thought is this 2005 intellectual biography by Emile Perreau-Saussine (now translated into English)

undpress.nd.edu/978026820325...

@mattpolprof.bsky.social
@thecambridgeschool.bsky.social

I'm just going to throw this book by @stefeich.bsky.social into the ring, as I think it talks about the most important aspect of money fundamental at play here: "... to show how money is not just a medium of exchange but also a central institution of political rule."

This bespoke exception for the Fed is one of the most brazenly made-up things I've ever seen the Supreme Court do (which is saying something). There is no principled basis to distinguish the Fed from other independent agencies. The conservative justices just don't want Trump to crash the market!

Thanks!!

Did I mention that ABSOLUTE ETHICAL LIFE includes a terrific chapter on Alasdair MacIntyre?!?

"[MacIntyre’s] journey from Marxism is less a reactionary departure and more a story of his thinking through of modernity in terms already indicated in his earlier Marxist work."

The Currency of Politics Money in the history of political thought, from ancient Greece to the Great Inflation of the 1970s

Congrats to Stefan Eich @stefeich.bsky.social‬ on winning the 2024 David and Elaine Spitz Prize from the International Conference for the Study of Political Thought (CSPT)!
press.princeton.edu/books/hardco...

Thanks Rebecca!!

Kind words from a fantastic editor and theorist — it was great pleasure to work with Stefan

Be sure to get your hands on this beautiful book!

Michael Lazarus’s ABSOLUTE ETHICAL LIFE is at once magisterial & elegant, profound & written from the heart. This will be a classic.

Out in paperback in our SUP series on June 3. Congrats @michaellazarus.bsky.social!

www.sup.org/books/politi...