The wealth of the 400 richest Americans was equivalent to 2% of US GDP in 1982 (first year of the Forbes ranking) and now reaches 17% of GDP

Bellissimo lavoro Paolo, hai ragione ad esserne fiero e felice. Un onore per me far parte di questa iniziativa in compagnia di alcune fra le migliori menti italiane!

Circa un anno fa chiudevamo la sezione monografica di questo numero di Rivista il Mulino. Con il contributo di insigni economisti, sociologi, politologi e giuristi sul nuovo interventismo statale e le sue conseguenze. Una delle cose più belle che ho fatto negli ultimi anni.

Listen to Marco Ranaldi's debut album 'White Pages'!

('Mosaico' is my favourite piece)

open.spotify.com/track/3OQxWzqj…

Japan's inflation is on a falling trend towards its 2% target rate.

There was no need for the Bank of Japan to increase its main interest rate, which stayed at -0.1%.

(It only raised its Yield Curve Control's upper limit for 10-year bonds from 0.25% to 1%)

I gave evidence to the ESNZ committee Energy Security and Net Zero Committee on our net zero supply chains 🏭🌳🌊

The gov have prioritised emissions reduction and been incredibly successful at that aim, but the UK hasn't focussed on maximising the industrial gains too, for ideological reasons🧵

IPPR's George Dibb is currently giving evidence in Parliament on why the UK is doing so poorly in manufacturing emerging energy tech like solar panels and wind farms.

Tune in to watch the session live here: parliamentlive.tv/Event/Index/32…

New IPPR report on issues affecting the UK's social securty system and how to fix them

A thread👇

Excellent work by Common Wealth on the socio-economic potential of a state-owned clean energy company (such as Labour's proposed GB Energy).

Congratulations Melanie Brusseler, Adrienne Buller, Mathew Lawrence & Chris Hayes!

Dani Rodrik: doing industrial policy right on.ft.com/3whUpOg

Government borrowing is currently 1.5ppt cheaper than BBB-rated corporate bonds. This spread is usually around 1.5-2.5 ppt, and rises during financial instability.

Gratuitously choosing private over public investment amounts to a policy of upward redistribution.

Labour's decision to scale back its £28bn #GreenProsperityPlan means neither party has a plan for enough investment to drive growth and net zero.

Whoever wins the next election will not be able to escape the need for an uplift in public investment.

Both main political parties are now committed to cuts to public investment over the rest of the decade. This is despite the consensus that underinvestment is a key driver of the UK's poor economic performance.

Sanremo 2024 si conferma il primo partito d'Italia con il 35,9% dei voti*, grazie al sostegno dei suoi 2.656.000 iscritti**.

*Numero di ascoltatori medio della 1a serata (10,5 milioni) sul totale dei voti validi alle Politiche 2022
**Numero di iscritti al Fantasanremo 2024

Perché quando si parla di lotta all'evasione fiscale in Italia (i famosi 100 miliardi stimati all'anno) non si menziona mai che:

a) il personale dell'Agenzia dell'Entrate in 10 anni è sceso da 41mila a 28mila
b) la quota di under 40 è il 9% del totale (gli over 60 il 58%)

If you are in love with Venice and appreciate quality English prose, then you must read this piece (and subscribe to Valeria's substack):

valerianecchio.substack.com/p/a-season-of-…