iiinova — where your digital self keeps evolving

Reposted by Layna Mosley

Avi Ahuja @avi-ahuja.bsky.social · 05/05/2026

In our new policy brief for the @princetonsovfinlab.bsky.social, Tetsekela Anyiam-Osigwe, Mengfan Cheng, and I explore the domestic politics and regional dynamics underpinning Senegal’s handling of its recent hidden debt crisis. We welcome your thoughts! psfl.princeton.edu/sites/g/file...

psfl.princeton.edu

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Princeton Sovereign Finance Lab @princetonsovfinlab.bsky.social · 28/04/2026

In our latest working paper, Fiona Bare and Hannah Löffler explore what motivates governments to issue green bonds. psfl.princeton.edu/document/876 They divide sovereign issuers into four types: leaders, exploiters, seekers, and out-siders. [1/2]

psfl.princeton.edu

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Philip Stafford @staffordphilip.bsky.social · 25/04/2026

Excellent piece here. There is such as thing as the petrodollar, as piece makes clear, but it's only one part of the bigger, more important eurodollar system where any bank can add a liability to its own balance sheet and call it a dollar. www.ft.com/content/be34...

ft.com

There’s no such thing as the petrodollar

War on Iran is changing the currency calculations of Gulf energy exporters. But the dollar’s global role depends on far more than the denomination of a barrel of oil

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Meade Krosby @meadekrosby.bsky.social · 08/04/2026

Things that help calm the nervous system, quickly: - Box breathing (in for 4, hold for 4, out for 4, hold for 4, repeat) - Immerse your face in cold water (activates mammalian dive reflex) - Humming (stimulates vagus nerve) - Exercise (anything helps, outside even better) - Impeachment and removal

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Ugo Panizza @upanizza.bsky.social · 28/03/2026

Over the past few weeks I have been talking with @emilypeck.bsky.social @axios.com about the US Treasury market. I love her Rom-com title. As @laynamosley.bsky.social says the perfect rom-com for debt nerds www.axios.com/2026/03/26/t...

axios.com

The U.S. Treasury market is like a rom-com

Why haven't bond investors penalized the U.S.?

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Layna Mosley @laynamosley.bsky.social · 27/03/2026

Not sure about the metaphor but... The U.S. Treasury market is like a rom-com www.axios.com/2026/03/26/t...

axios.com

The U.S. Treasury market is like a rom-com

Why haven't bond investors penalized the U.S.?

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Layna Mosley @laynamosley.bsky.social · 15/03/2026

Indeed. As if tariffs (for instance) weren't doing damage to the US economy & US consumers before February 28.

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Jonas Nahm @jonasnahm.com · 24/02/2026

China automates while America hesitates. I have a piece in the NYT today arguing that America's strategy to compete with China in manufacturing is fundamentally misconceived — and that we're heading toward a reckoning we're not prepared for. 1/ www.nytimes.com/2026/02/24/o...

nytimes.com

Opinion | America Has an Edge Over China. Why Won’t We Use It?

American manufacturing prowess won’t be restored without bringing new technologies to the factory floor.

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Layna Mosley @laynamosley.bsky.social · 01/03/2026

Dear students, spellcheck is no substitute for proofreading. (My favorite error, throughout a student's paper, remains "trade surpluses and defecates.")

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Robert (Bob) Kubinec @rmkubinec.bsky.social · 01/03/2026

A lot of people are looking at this as insider trading but it's an even bigger issue for national security if there was advance warning of air strikes.

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Mark Copelovitch @mcopelov.bsky.social · 01/03/2026

👇🎯 Again, neither ___ is Evil, nor ___ does Very Bad Things, nor ___ is Maybe Still Trying to Get Nuclear Weapons are justifications for what is happening now. Lots of folks & organizations are telling on themselves by revealing preferences for 👇 as the general principle. bsky.app/profile/mcop...

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Layna Mosley @laynamosley.bsky.social · 01/03/2026

When you've decided that expertise doesn't matter -- and indeed, isn't wanted -- in government, this is what you get.

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David Noll @david.noll.org · 28/02/2026

Understatement alert

U.S. Ability to Determine What Comes Next in Iran Might Be Limited

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Caitlin Talmadge @proftalmadge.bsky.social · 28/02/2026

The notion that this is a war to "defend the American people by eliminating imminent threats" from Iran is simply fantastical. This is a straight-up preventive war a la Iraq 2003. www.cnn.com/2026/02/28/u...

cnn.com

Trump releases video message on strikes against Iran | CNN

In a video posted to Truth Social, President Donald Trump encouraged Iranians to seize control of their government when US military operations conclude. He also warned American lives may be lost as a ...

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Layna Mosley @laynamosley.bsky.social · 28/02/2026

Beginning to think he *actually* doesn't understand who pays tariffs. Not even who pays them in terms of pass-through, but who pays them when goods are imported... “It doesn’t make sense,” Mr. Trump said on Friday, “that Countries and Companies that took advantage of us for decades.... [1/2]

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Layna Mosley @laynamosley.bsky.social · 28/02/2026

A few years ago, our local middle school changed its name. After much discussion of for whom it might be renamed, the school board decided to just go with "Princeton Middle School." Hilarity ensues.

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Aiyana White @aiyanaewhite.bsky.social · 24/02/2026

What channel is the Bad Bunny SOTU on?

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Layna Mosley @laynamosley.bsky.social · 22/02/2026

Not quite the regime change we've been hoping for.

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Carl Quintanilla @carlquintanilla.bsky.social · 20/02/2026

Pritzker’s invoice to White House: (via @nbcnews.com) @govpritzker.illinois.gov

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Layna Mosley @laynamosley.bsky.social · 21/02/2026

First para of the order imposing Section 122 tariffs warns that currency depreciation & balance of payments deficits "can, among other things, endanger the ability of the United States to finance its spending, erode investor confidence in the economy, and distress the financial markets." [1/2]

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Layna Mosley @laynamosley.bsky.social · 09/02/2026

"Consulting historian" is a great line for one's annual faculty activities report. @jmelendezbadillo.bsky.social

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Sara Wallace Goodman @saragoodman.bsky.social · 05/02/2026

A story about competing footballers: Cleated Rivalry Patients comparing Dr care: Treated Rivalry Two whiskey companies vie for the top prize: Peated Rivalry A documentary about competitive Musical Chairs: Seated Rivalry Winter sweater crochet club: Heated Ravelry (end-of-day energy over here)

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Layna Mosley @laynamosley.bsky.social · 05/02/2026

Two fast fashion retailers battling to capture the market for trendy trousers. Pleated Rivalry

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Layna Mosley @laynamosley.bsky.social · 03/02/2026

Judge Reyes: Noem may say what she wants, but that doesn't make it true and it doesn't make her actions legal.

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Layna Mosley @laynamosley.bsky.social · 26/01/2026

@jeremywallace.bsky.social notes the distributional consequences of changes in natural gas vs solar usage in Pakistan. Importing solar panels requires hard currency...but once installed, should free up hard currency (gas imports ⬇️), perhaps easing (foreign currency) debt servicing burdens?

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Kim Lane Scheppele @kimlanelaw.bsky.social · 26/01/2026

I, too, have been reluctant to use "fascism" to describe what we are seeing, but Jonathan Rauch does an excellent job of putting all of the pieces together. Fascism it is. www.theatlantic.com/ideas/2026/0...

theatlantic.com

Yes, It’s Fascism

Until recently, I thought it a term best avoided. But now, the resemblances are too many and too strong to deny.

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Robert Hutton @roberthutton.co.uk · 21/01/2026

Without America, "right now, you'd all be speaking German" Trump tells an audience in Switzerland.

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Layna Mosley @laynamosley.bsky.social · 21/01/2026

Ice. All about ICE. “We want a piece of ice for world protection, and they won’t give it. We’ve never asked for anything else, and we could have kept that piece of land and we didn’t. So they have a choice. You can say yes and we will be very appreciative, or you can say no and we will remember.”

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Rune Møller Stahl @runestahl.bsky.social · 20/01/2026

We ran a progressive slate for the Akademikerpension board elections 10 years ago (and won), because we wanted fossil fuel divestment. I don’t think we ever imagined we might one day help trigger a margin call on U.S. Treasuries.

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Layna Mosley @laynamosley.bsky.social · 20/01/2026

"Though a drop in the ocean in the context of the US Treasury market, the planned divestment by AkademikerPension marks an important symbolic step in the current political context as institutional investors rethink what constitutes a safe haven." www.bloomberg.com/news/article...

bloomberg.com

Danish Pension Fund AkademikerPension to Exit US Treasuries

The Danish pension fund AkademikerPension is planning to exit US Treasuries by the end of the month, amid concerns that the policies of President Donald Trump have created credit risks too big to igno...

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Reposted by Layna Mosley

Princeton Sovereign Finance Lab @princetonsovfinlab.bsky.social · 20/01/2026

In our latest policy brief, Yingxin Angela Chen explores dispute settlement provisions in RMB-denominated sovereign bonds. Shifts in the currency of issuance haven't been accompanied by shifts in the underlying legal framework for sovereign bonds. psfl.princeton.edu/document/641

psfl.princeton.edu

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Layna Mosley @laynamosley.bsky.social · 20/01/2026

This @benbraun.bsky.social pulls together lots of recent data on who holds US government debt. (Short answer: mostly Americans). If investors dramatically raise the rates they charge to the US, the financial press might take notice. [1/2]

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Layna Mosley @laynamosley.bsky.social · 19/01/2026

The (European) bondholders (still) aren't going to save us. @robinwigglesworth.ft.com pointing out that, among other things, most European-owned US assets are owned by private entities, not by governments (and, Europeans are a relatively small holder of US govt bonds anyway).

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Layna Mosley @laynamosley.bsky.social · 19/01/2026

to be fair, the prize was endowed by a man who was very good at blowing things up.

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Mark Copelovitch @mcopelov.bsky.social · 19/01/2026

Again, I’m going to keep banging the drum that the fact we are threatening the territorial sovereignty of our closest allies is not only a gross violation of our UN & NATO treaty obligations & poses a massive threat to national security & world order but also should immediately end this presidency.

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Layna Mosley @laynamosley.bsky.social · 17/01/2026

A ten (or 25) percent tariff seems a pretty cheap price for maintaining the norm of territorial integrity. (Also, this man continues to profess complete ignorance of how trade works). giftarticle.ft.com/giftarticle/... Trump to hit Europe with 10% tariffs if it opposes Greenland takeover

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Joshua J. Friedman @joshuajfriedman.com · 12/01/2026

"The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine [the Fed's] independence." It's a hell of a list of signatories jointstatement.substack.com/p/statement-...

Statement on the Federal Reserve
JAN 12, 2026

The Federal Reserve's independence and the public's perception of that independence are critical for economic performance, including achieving the goals Congress has set for the Federal Reserve of stable prices, maximum employment, and moderate long-term interest rates.
The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine that independence. This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly. It has no place in the United States whose greatest strength is the rule of law, which is at the foundation of our economic success.
SIGNATORIES
Ben S. Bernanke served two terms as Chair of the Board of Governors of the Fed, as well as Chair of the Council of Economic Advisers under President George W. Bush.
Jared Bernstein served as Chair of the Council of Economic Advisers under President Joe Biden.
Jason Furman served as Chair of the Council of Economic Advisers under President Barack Obama.
Timothy F. Geithner served as the 75th Secretary of the Treasury under President Barack Obama, as well as President and Chief Executive Officer of the Federal Reserve Bank of New York.
Alan Greenspan served five terms as Chair of the Board of Governors of the Fed, first appointed by President Ronald Reagan and then reappointed by Presidents George H.W. Bush, Bill Clinton, and George
W. Bush. He also was Chair of the Council of Economic Advisers under President Gerald Ford.

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Layna Mosley @laynamosley.bsky.social · 10/01/2026

Leaving aside the specific implications for debt restructuring, "national emergency" has become synonymous for "anything that the president views as interfering with what he wants." Not quite as the law intended.

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Adam Bonica @adambonica.bsky.social · 09/01/2026

I am begging Democratic leadership to recognize that funding and legitimizing your authoritarian opponent’s secret police is a bad idea. This should not be a difficult concept.

independent.co.uk

Top Democrats decline to say if they would rein in ICE after Minnesota shooting

Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries denounce the killing but offer no concrete pledges

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Kim Lane Scheppele @kimlanelaw.bsky.social · 08/01/2026

Here's a vicious attempt to destroy the rules-based international order since US funding is crucial to many of these institutions. The US wants to go it alone not realizing how much these international organizations do for us. Insanity amplified by arrogance. www.whitehouse.gov/presidential...

whitehouse.gov

Withdrawing the United States from International Organizations, Conventions, and Treaties that Are Contrary to the Interests of the United States

MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES By the authority vested in me as President by the Constitution and the laws of the United

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