Sign in

Dillon Wamsley

@dillonwamsley.bsky.social
137 followers 275 following 32 posts

Research fellow @uompols.bsky.social Researching political economy, sovereign debt, macroeconomic policy

PostsRepliesMedia
Reposted by Dillon Wamsley
BJPIR @bjpir.bsky.social · 07/09/2026
📖 Don't miss the runner up articles for the #BJPIR John Peterson Best Article Prize for 2025! ‘Dillon Wamsley, ‘Revisiting the theoretical foundations of depoliticisation: A Gramscian state theory approach for an era of crisis’ by @dillonwamsley.bsky.social 🔗 buff.ly/SZYPVeI
lnkd.in
Sage Journals: Discover world-class research
Subscription and open access journals from Sage, the world's leading independent academic publisher.
153
Reposted by Dillon Wamsley
FT Alphaville @alphaville.ft.com · 20/08/2026
as.ft.com/r/67cdce3e-3...
as.ft.com
‘Treasury demand has become materially more valuation-sensitive’
Term premium trouble
0124
Reposted by Dillon Wamsley
Liam Stanley @liamstanley.bsky.social · 30/06/2026
New article on the MAGA counter-movement against ESG and DEI www.tandfonline.com/doi/full/10....
075
Dillon Wamsley @dillonwamsley.bsky.social · 03/04/2026
“the Cayman Islands is [now] in fact the largest foreign holder of US Treasury securities…Indeed between 2022 and 2024, hedge funds “absorbed 37 per cent of net issuance of notes and bonds”, …“nearly the same amount as all other foreign investors combined”. www.ft.com/content/c5a3...
ft.com
Home - Financial Times
News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
000
Reposted by Dillon Wamsley
Robin Wigglesworth @robinwigglesworth.ft.com · 02/04/2026
Please gird yourself for months of shameless self-promotion, mute me on socials, feel free to avoid me in public etc, because my next book — A Fabulous Debt: The Epic Story of How Bonds Built the Modern World — is now available for pre-orders. www.penguinrandomhouse.com/books/750210...
2229446
Reposted by Dillon Wamsley
Scott James @drscottjames.bsky.social · 24/03/2026
Pleased to finally publish this paper with Mareike Beck on the epistemic origins of the 2022 gilt market crisis in @jeppjournal.bsky.social   How can we explain the limited regulatory response to the increasing systemic risk of LDI strategies in UK pensions? 1/n 🧵 doi.org/10.1080/1350...
32610
Reposted by Dillon Wamsley
Financial Times @financialtimes.com · 17/03/2026
The era of US dominance in economic warfare is over ft.trib.al/mOniLx7
ft.trib.al
The era of US dominance in economic warfare is over
America has long used sanctions to coerce adversaries, but Iran and China can wield powerful economic weapons too
612338
Reposted by Dillon Wamsley
Benjamin Braun @benbraun.social · 12/01/2026
Placing the power to set the rates of interest & unemployment in the hands of an independent body whose regional branches are run by bankers and whose top job is held by exceptionally conservative and Wall Street-friendly technocrats has been a 𝘬𝘦𝘺 𝘱𝘪𝘭𝘭𝘢𝘳 𝘰𝘧 𝘤𝘪𝘷𝘪𝘭 𝘰𝘭𝘪𝘨𝘢𝘳𝘤𝘩𝘺 in the United States. 1/2
18822
Reposted by Dillon Wamsley
The New Statesman @newstatesman1913.bsky.social · 06/12/2025
How not to talk about capitalism The more it penetrates our daily lives, the less we seem to understand the “system that runs the world” By Dominik Leusder
newstatesman.com
How not to talk about capitalism
The more it penetrates our daily lives, the less we seem to understand the “system that runs the world”
042
Reposted by Dillon Wamsley
Jack Copley @jackcopley.bsky.social · 23/11/2025
This is a very interesting piece, both in terms of its analysis of the Truss government and its implications for how we think about the politics of depoliticisation today.
021
Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025
Good read from @willdunn.bsky.social in @newstatesman1913.bsky.social, especially this on trader views of the (lack of) credibility of the Labour gvm’t: ‘there is no plan, there is no vision, and they’re not going to succeed because they don’t have the talent’ But two things are missing🧵
newstatesman.com
Meet the bond market vigilantes
Governments are now at the mercy of unseen investors
100
Reposted by Dillon Wamsley
Daniel Denvir @danieldenvir.bsky.social · 13/11/2025
Pleased to post this new Dig ep w/ my partner in all things @triofrancos.bsky.social on her beautiful book Extraction: The Frontiers of Green Capitalism. We go from Chile to Nevada, from dawn of colonialism to geoeconomic conflict between the US and China—and more www.thedigradio.com/podcast/extr...
thedigradio.com
Extraction w/ Thea Riofrancos
Featuring Thea Riofrancos on Extraction: The Frontiers of Green Capitalism. The green energy transition requires a vast array of inputs: copper, cobalt, rare earth elements, and the focus of this disc...
06428
Reposted by Dillon Wamsley
BJPIR @bjpir.bsky.social · 13/11/2025
📝 Don't miss this article from the current issue of #BJPIR 'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social 🔗 buff.ly/62G4GAB
112
Reposted by Dillon Wamsley
Martijn Konings @mkonings.bsky.social · 12/11/2025
New piece about MAGA's Fed strategy: newleftreview.org/sidecar/post...
newleftreview.org
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
15527
Dillon Wamsley @dillonwamsley.bsky.social · 12/11/2025
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
tandfonline.com
When neoliberalism meets technocracy: intra-elite conflict and the realignment of Britain’s macroeconomic regime under Liz Truss
This article offers a new account of Liz Truss’s premiership by analysing the political economy of the 2022 mini-Budget crisis. Engaging with literature on depoliticisation, statecraft, and the Cit...
143
Reposted by Dillon Wamsley
David Woodruff @dmwoodruff.bsky.social · 12/11/2025
BoE rolls out new defence of QE-QT, stressing low costs for long-maturity debt in QE decade. But it's drawing arbitrary boundaries: analysis (APF Q3 Rept) fails to note that BoE conditioned QE on HMT accepting gilt issue limits, part of causal chain to catastrophic austerity. on.ft.com/3JY23EM
on.ft.com
Bank of England’s Andrew Bailey says QE will offset its costs in long term
Bank governor responds to investors and politicians after value of its holdings of UK government bonds fell
142
Reposted by Dillon Wamsley
Daniela Gabor @danielagabor.bsky.social · 31/10/2025
Labour government preparing to hike income taxes - blaming bond markets. not one adult in the room will say the obvious: 1. Britain's fiscal rules are shambles 2. Bank of England has too much power over fiscal decisions 3. ignore bond vigilantes www.ft.com/content/5c8f...
ft.com
Keir Starmer puts Labour MPs on notice for Budget tax rises
Prime minister declines to rule out higher income taxes as Treasury lays foundations for bigger fiscal buffer
25422
Dillon Wamsley @dillonwamsley.bsky.social · 30/10/2025
“There are entire ruling class industries on the market side…and committees and subcommittees and consultants on the government side, working hand in hand that take in billions of public dollars to make that opaque… regime of credit allocation function.” thebaffler.com/latest/payin...
thebaffler.com
Paying for It | David I. Backer
Should Zohran Mamdani become the next mayor of New York City, he will be restricted by the municipal bond market.
000
Reposted by Dillon Wamsley
Daniel Denvir @danieldenvir.bsky.social · 10/10/2025
New @thedigradio.bsky.social: SECOND of two w @melindacooper.bsky.social on Counterrevolution: Extravagance and Austerity in Public Finance. How asset boom and bust drove MAGA’s rise and also revealed powerful monetary tools that could make socialism—that and more www.thedigradio.com/podcast/from...
thedigradio.com
From Fiscal Austerity to Monetary Abundance w/ Melinda Cooper
Featuring Melinda Cooper on Counterrevolution: Extravagance and Austerity in Public Finance. Balanced budget conservatism and supply side populism engineered a politics of austerity and budget deficit...
17019
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 24/09/2025
Does China's party-state capitalist model mean it can fully decarbonise its economy? Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis 🎧 shorturl.at/xUwW5
152
Reposted by Dillon Wamsley
Mark Blyth @mkblyth.bsky.social · 19/09/2025
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...
player.captivate.fm
Independent from who exactly? Central banks and democracy (part 1)
Quickly and easily listen to The Rhodes Center Podcast with Mark Blyth for free!
0238
Dillon Wamsley @dillonwamsley.bsky.social · 05/09/2025
“What is more, one wonders why something as crucial as borrowing costs to the lives of every citizen should sit beyond a country’s democratic process.” www.ft.com/content/a667...
ft.com
I can take or leave central bank independence, frankly
It makes no difference to growth and policymakers are always in hock to someone
010
Reposted by Dillon Wamsley
Ryan Kelpin @ryankelpin.bsky.social · 01/09/2025
My newest piece for Jacobin traces the ideological inheritances of Danielle Smith. jacobin.com/2025/08/albe... @johncke.bsky.social @charlieangus104.bsky.social @dgrdon.bsky.social @nolore.bsky.social @youcaughtscott.com @desmondcole.bsky.social @temcd.bsky.social @dillonwamsley.bsky.social
jacobin.com
Meet Danielle Smith, Canada’s Ayn Rand in Cowboy Boots
Danielle Smith, Alberta’s leader, is fusing libertarian dogma with oil-soaked grievance politics. It’s Canada’s version of the New Right, dressed up in provincial pride.
043
Reposted by Dillon Wamsley
Jacobin @jacobinmag.bsky.social · 28/08/2025
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
jacobin.com
The Long Twilight of Central Bankism
Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.
1124
Reposted by Dillon Wamsley
University of Sheffield Player @unishefplayer.bsky.social · 14/08/2025
🏠 Why is the housing market so broken? Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it. 🔊 Listen: player.sheffield.ac.uk/events/housi... #HousingCrisis
011
Reposted by Dillon Wamsley
University of Sheffield Player @unishefplayer.bsky.social · 04/08/2025
Why does austerity keep coming back? In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century. Listen now on The Player: bit.ly/45zUEU8 #Austerity #CrisisPoint #PoliticalEconomy
022
Reposted by Dillon Wamsley
University of Sheffield Player @unishefplayer.bsky.social · 29/07/2025
Prof Matthew Watson joins @sperishefuni.bsky.social's podcast to ask: was the Long Depression truly a crisis? From falling profits to class conflict, this period changed how we think about capitalism. Listen now: bit.ly/3H4K4Lw #EconomicHistory #PoliticalEconomy #ThePlayerSheffield
013
Dillon Wamsley @dillonwamsley.bsky.social · 26/07/2025
"In the short term, the basic arithmetic of bond markets has deteriorated; more supply coupled with a reduction in both reliable and speculative demand. And that means higher bond yields look probable, forcing governments to pay more to fund their ever-growing deficits." www.ft.com/content/2209...
ft.com
The bond market maths does not add up for governments
Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits
011
Reposted by Dillon Wamsley
University of Sheffield Player @unishefplayer.bsky.social · 21/07/2025
What caused the 2008 financial crash? Why does it still matter today? Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next. 🎧 Listen here: bit.ly/3UiPw0a
013
Reposted by Dillon Wamsley
University of Sheffield Player @unishefplayer.bsky.social · 14/07/2025
What can the 1997 Asian Financial Crisis tell us about capitalism and global crashes? Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008. Listen now on The Player: bit.ly/3TACefp
023
Reposted by Dillon Wamsley
Benjamin Braun @benbraun.social · 30/05/2025
We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.
phenomenalworld.org
America’s Braudelian Autumn | Benjamin Braun & Cédric Durand
Factions of capital in the second Trump administration
413253
Dillon Wamsley @dillonwamsley.bsky.social · 17/05/2025
“the debt crisis creates constraints beyond any Caesarist ambition. Either Trump has to make decisions on tariffs that calm bond markets, or, he will have to rely on the Fed’s willingness to activate more QE”https://unherd.com/2025/05/trumps-new-world-disorder/
unherd.com
Trump’s new world disorder
020
Dillon Wamsley @dillonwamsley.bsky.social · 04/05/2025
“Thatcher didn’t plan to financialise the British economy; nor did she think she could survive unemployment of more than 10 per cent... By 1990, she’d shown you could do all these things and still win elections. This was the Thatcher transformation.” www.lrb.co.uk/the-paper/v4...
lrb.co.uk
Florence Sutcliffe-Braithwaite · It’s a shitshow: Thatcher’s Failed Experiment
Tim Lankester, Thatcher’s private secretary for economic affairs for the first two and a half years of her tenure,...
020
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 29/04/2025
💭NEW BLOG💭 Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series 📝Read the blog: shorturl.at/sfKqO 🎧Listen to the series: shorturl.at/wxXZJ
012
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 22/04/2025
On 3 April 2025, SPERI hosted a workshop on the British Political Economy Tradition to examine its character, insights and contributions, and celebrate the life's work of Professor Andrew Gamble who recently retired More here: shorturl.at/X9qrX
151
Reposted by Dillon Wamsley
Mike McCarthy @itsmccarthy.bsky.social · 15/04/2025
The journal I help edit, Critical Sociology, is running a special issue on Antonio Gramsci’s notion of the “passive revolution.” Here is one of the articles by @grundrza.bsky.social and Paret that considers absorption as a bottom up process. Check it out online first.
3255
Dillon Wamsley @dillonwamsley.bsky.social · 15/04/2025
Last episode of Crisis Point is out now. We wrap up the series offering a working theory of crisis and covering polycrisis, the novelty of 2008 and its aftermath, climate change, and what political economy can offer to make sense of the present. open.spotify.com/episode/3shV...
open.spotify.com
Crisis Point: A Theory Of Crisis w/ Dillon Wamsley & Chris Saltmarsh
SPERI Presents... · Episode
011
Reposted by Dillon Wamsley
Benjamin Braun @benbraun.social · 11/04/2025
Yield on 10y Treasuries back above 4.5%. We're not sure who's selling but we know who the holders are. I wrote a short post with some hopefully helpful dataviz based on TIC and financial accounts. Key points: 1. Foreign holdings as % of total: declining since 2008. benjaminbraun.org/posts/treasu...
410338
Dillon Wamsley @dillonwamsley.bsky.social · 10/04/2025
Episode #11 of Crisis Point with Jeremy Green (@jbrgreen.bsky.social) is out now. What is the relationship between climate change, capitalism, and modernity? How does it force us to rethink our understanding of crisis?
000
Dillon Wamsley @dillonwamsley.bsky.social · 10/04/2025
"Whatever the plan may have been, its extent and its timing were ultimately determined by the movement of capital." on.ft.com/4lp51QD
on.ft.com
Markets 1, Trump 0
Plenty of game left to play, though
000
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 07/04/2025
🎙️SPERI Presents...🎙️ Does the rise of right-wing populism represent a crisis of democracy in the West? What does this have to do with the 2008 crisis? Michael Bray joins Chris and Dillon to discuss democracy in the history of capitalism and populism. Listen now: shorturl.at/syXzE
021
Dillon Wamsley @dillonwamsley.bsky.social · 07/04/2025
Episode #10 of Crisis Point on populism, capitalism, and democracy with Michael Bray is out now: open.spotify.com/episode/20TJ...
open.spotify.com
Crisis Point: Populism w/ Michael Bray
SPERI Presents... · Episode
000
Reposted by Dillon Wamsley
Ryan Kelpin @ryankelpin.bsky.social · 04/04/2025
My newest scholarly article on Doug Ford, neoliberalism, (anti)majoritarianism, and the use of inherited institutional and constitutional frameworks to insulate austerity from critique. ojs.unbc.ca/index.php/cp... #dougford #ontario #onpoli #ontariopolitics #neoliberalism
ojs.unbc.ca
Doug Ford, neoliberal parliamentarism and oscillating majoritarianism: The use of constitutional tools to centralize power and undercut democratic decision-making processes | Canadian Poli...
032
Dillon Wamsley @dillonwamsley.bsky.social · 04/04/2025
Episode #9 of Crisis Point on inflation, cost-of-living, and the bailout state with Martijn Konings (@mkonings.bsky.social) is out now. Listen here: open.spotify.com/episode/18o4...
open.spotify.com
Crisis Point: Cost-of-Living w/ Martijn Konings
SPERI Presents... · Episode
061
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 03/04/2025
🎙️SPERI Presents...🎙️ Rising prices have dominated social and political life in recent years. High inflation has been called the cost-of-living crisis, but does this constitute a crisis of capitalism or the system working as normal? Martijn Konings discusses with Chris and Dillon shorturl.at/GWVk8
022
Dillon Wamsley @dillonwamsley.bsky.social · 02/04/2025
You don’t say: ‘It is unacceptable that public services and taxes are set not in the ballot box, but by unelected and barely accountable officials in a small office above the Ministry of Justice.’ www.ft.com/content/2433...
ft.com
Britain’s fiscal framework is not fit for purpose
There is nothing accountable or legitimate about unelected officials setting taxation and spending policy
000
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 31/03/2025
🎙️SPERI Presents...🎙️ High rents, shortages and homelessness dominate the housing system. But does this represent a ‘housing crisis’ or capitalism functioning as it should? Johnna Montgomorie joins Chris & Dillon in Crisis Point, episode 8 shorturl.at/zlVZ0
023
Reposted by Dillon Wamsley
Jacqueline Best @jacquelinebest.bsky.social · 28/03/2025
What role can central banks play in addressing climate change today? In our just-published article, we argue that we are at a critical juncture in which the future is highly indeterminate. Written with @matpaterson.bsky.social + 14 other amazing scholars /1 www.tandfonline.com/doi/full/10....
tandfonline.com
Climate change governance by central banks in an era of interlocking crises
In this article, we survey the literature on central bank action on climate change, focusing particularly on how the combined crises of COVID-19, inflation, and Ukraine have affected this action. W...
24620
Reposted by Dillon Wamsley
LSE British Politics and Policy @lsepoliticsblog.bsky.social · 28/03/2025
Rachel Reeves' Spring Statement seems to be a continuity of Treasury fiscal conservatism, guided by short-term economic projections rather than a long-term vision, argue @nathancritch.bsky.social, @drdarcyluke.bsky.social, David Richards and @samwarner.bsky.social. blogs.lse.ac.uk/politicsandp...
054
Reposted by Dillon Wamsley
Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 28/03/2025
🎙️SPERI Presents...🎙️ Clara Mattei joins Chris and Dillon for episode 7 of Crisis Point to discuss austerity Why has it dominated politics since 2008? What explains its endurance as a response to economic crisis? And how has it produced crises of its own? shorturl.at/pyE09
021