Martijn Konings

@mkonings.bsky.social

Political economist at University of Sydney. Most recent book The Bailout State: Why Governments Rescue Banks, Not People (Polity, 2025). Now working on property and democracy.

My best guess re the near future: Warsh and Bessent will push for inflation to be managed with more direct instruments like price controls, freeing the Fed up to be responsive to Trump's demands for lower (or at least not higher) interest rates. From 2029, a Democratic administration 1/3

Robert Owen@petit-a.bsky.social · 2mo ago

Excellent article. Any speculation on what this means for the Asset Economy? Despite Bessent's populist rhetoric, I find it hard to believe that a Warsh/Bessent partnership means anything good for working people -- or bad for asset prices.

Wrote on the twilight of independent central banking (always a myth, but a plausible one for some time) for Jacobin. While central bankers "may want to stay out of politics, they simply have no moves left that do not contradict the neutrality they profess." jacobin.com/2026/05/wars...

The Era of Central Bank Independence Is Coming to an End

Central bank independence has been a sacred cow for the last generation in the major capitalist economies. Donald Trump’s appointment of Kevin Warsh as Fed chair symbolizes the beginning of a new era ...

jacobin.com

It's not Marxism. It's not post-structuralism. It's a secret third thing. 🥸 The Ontology of the Monetary Image (Wonkish)

Money on the Left@moneyontheleft.bsky.social · 5mo ago

✨ New essay! ✨ In his latest piece, @greenbackbetter.bsky.social complicates both Marxist & deconstructive critiques of money-as-failed-identity to affirm what he terms "référance"—a practice of open public reference, analogy & reconstructive coordination. Please read & share! 👩‍💻 🙌

A lot of the money behind the AI boom is coming from pension funds of working class people and when parts of the AI bubble burst, private capital gets protected, while ordinary people can be left with the losses. The AI Data Center Gold Rush: The Bailout State Behind It - youtu.be/fHwYIFa1mNE

“Much of the American public associates abundance with the ideas put forth by Ezra Klein & Derek Thompson...While they are certainly part of the picture, the incomplete policy ideas championed in the airplane book are only a glimpse of the entire abundance universe." Read the report. If you can. 🤢

Who is Behind the Growing Abundance Movement? | Revolving Door Project

Who is behind the fast-growing abundance movement? Who are the billionaires and media figures helping it gain popularity?

therevolvingdoorproject.org

Like 99% of people on here, I now have a stake in the financial future of Anthropic - so I feel deeply conflicted about their surprisingly ethical stance. Will have to learn to live with this unresolvable tension.

The abundance clique has an AI problem. Beyond being funded by Silicon Valley, the ecosystem features an array of tech libertarians, a smattering of technofascism, and no answers for our anti-AI moment. Read @dylangyauchl.bsky.social in @newrepublic.com! newrepublic.com/article/2064...

The Abundance Gang Has a Big AI Problem

The faddish political movement’s ties to industry figures may help attract funding, but it comes with a political cost.

newrepublic.com