Ian Towler

Adoptive Manc. Interested in the world. Opinions my own.

[Daniela Gabor @DanielaGabor]

tapping the sign @AndyBurnhamGM

[Hamza Yusuf @Hamza_a96]

First Thornberry. Now this one.

They know a reckoning is coming, and they're scrambling to save themselves. But the archives don't forget - and they don't lie.

[Sangita Myska @SangitaMyska]

It’s begun: The Great Rewriting of History by the politicians, journalists, media commentators who stayed quiet over Gaza to keep climbing the greasy pole - while a handful of us who spoke-up were smeared, abused, or fired.

As @Hamza_a96 says, don’t let them do it:

[Patricia @PatriciaNPino]

The BoE is the only major central bank still actively selling bonds/gilts. Those sales push yields up.

Bailey then points to those yields to lecture the Government on fiscal rules.

[Mariana Mazzucato @MazzucatoM]

The question @guardian poses is the right one: what is economic growth actually for? Link in replies.
"Kickstart economic growth" cannot be a mission because it has no direction. Growth is not a compass, it is a rate. The Common Good Economy sets out what that compass looks like and outlines a set of principles that move us from a reactive corrective economics towards proactive, shared objectives.

[William Dalrymple @DalrympleWill]

I can’t see you how you can possibly avoid using the term ethnic cleansing, without losing your last remaining shreds of integrity as a journalist, Adam.

Lebanon's internal displacement rate is now 22.6 percent — more than one in five of its people. Over 1.2 million people, including 350,000 children, have been forced from their homes, with the IDF launching more than 1,840 attacks on Lebanon since March 2, killing more than 1,497 people and injuring more than 4,639.

Moreover, the language used by Israel Katz to describe his aims in Southern Lebanon is extraordinarily explicit and self-incriminating. He has confirmed that Israel's military would establish a permanent "security zone" inside Lebanon up to the Litani River, that hundreds of thousands of displaced residents would be "completely prevented" from returning, and that "all the houses in the villages adjacent to the border in Lebanon will be demolished in accordance with the Rafah and Beit Hanoun model in Gaza."

The targeting of civilians for displacement specifically identified by their religion (Shia), combined with the destruction of their homes to prevent return, combined with the explicit statement that they will not be permitted to return — these are precisely the elements that international law identifies as forcible transfer and ethnic cleansing. Human Rights Watch has said that "the displacement of the Shia population looks less like a temporary military necessity and more like a move to permanently displace the civilian population based on their religion."

Its not complex, Adam. You just haven't got the balls to say it straight, and that failure makes your reportage worse than worthless. It makes it morally bankrupt.

[Isabella M Weber @IsabellaMWeber]

Phenomenal World has been so much more than a blog, it has created a new lens in political economy across disciplines, languages and space.

Now it’s finally a magazine! Congratulations!

AMERICAN POWER is here.

[Daniela Gabor @DanielaGabor]

yes @adam_tooze and the manufacturing of silence around the Bank's actions to shrink fiscal space deliberately is astounding:

here one alarmist claim that halting gilt sales would trigger inflation!

[Ian Towler @IanTowler]

@clintballinger @NakedKeynes No-one I have ever seen.

[Daniela Gabor @DanielaGabor]

It's remarkably hard to persuade people that the Bank of England deliberately increases government borrowing costs, for no defensible reason

[Randeep Ramesh @tianran]

Increasing numbers of fairly orthodox commentators now think active QT may be unnecessarily worsening fiscal and market conditions. Seems significant. I made the same point last summer - and DG has been making it for yonks... https://t.co/2JSVdFENRy

[Stephanie Kelton @StephanieKelton]

“If we look at the different income groups in the United States, it’s really the richest of the rich who benefit from this. The majority of people hardly have any benefit from it and are in fact carrying a much larger cost burden.” ~@IsabellaMWeber

[Ian Towler @IanTowler]

@williamnhutton "Natural buyers". What nonsence.

[Ian Towler @IanTowler]

@DanielaGabor Grifters are going to grift.

[Adam Tooze @adam_tooze]

"Whoever wishes to talk about the bond market, should not be silent about the central bank"
One week in Britain - what a week - and I am already seeing ghosts!
Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics. The latest Chartbook newsletter just dropped. Sign up below for more.

[Isabella M Weber @IsabellaMWeber]

Shock therapy doing what it’s designed to achieve: creating a valley of tears for workers and industries.

[Randeep Ramesh @tianran]

These aren’t technicalities. They are political choices. Reeves chose to uphold the orthodoxy – locking in monetary contraction while binding herself to fiscal rules that treat giveaways to the financial sector as sacrosanct, but deny cash to everyone else https://t.co/2JSVdFENRy

[Ian Towler @IanTowler]

@DalrympleWill @Kathleen_Tyson_ @SamDalrymple123 @TheOrwellPrize I'm reading his book at the moment. Fantastic.

[Ian Towler @IanTowler]

@DanielaGabor @Raffiatim Central banks are not neutral apolitical actors. They implement and defend an ideology.