Former central banker; Research Associate Levy Economics Institute, Bard Collage. Have also worked for the Norwegian Treasury, IMF and the World Bank.
Oslo, Norway
Joined September 2011
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Thorvald Grung Moe retweeted
Establishment Democrats are betrayers. Trump raids a Democratic Congresswoman's house, talks about deporting her - and 39 fake Democrats don't back her. Why? Because they're bigots who serve Israel and want to eliminate any Muslim voices in US politics. No other explanation.
Thread 🧵
Over 170 House Dems sent a letter to AG Blanche condemning Trump's raid on @IlhanMN's home.
Letter available here & in tweets below, you will find who *didn't* sign including Pelosi, Hoyer, Stevens, Scholten, Golden, Moskowitz & dozens more:
defendilhan.com/
Thorvald Grung Moe retweeted
In our latest Eurointelligence podcast, our team discusses the multiple shocks to Europe stemming from the rise in the oil price - on the Russia-Ukraine war, on the European car industry, on inflation and interest rates; and energy security.
eurointelligence.com/Podcast…
Thorvald Grung Moe retweeted
The reason for the return of diplomacy between Europe and Russia is the change in the geopolitical and geoeconomic environment. With oil at over $100, and France on the brink of a debt crisis, Europe is politically and financially not able to maintain its support for Ukraine at the level needed for Ukraine to resist Russia's advance, let alone push back. At no point during the last five years did western European leaders have a strategy to secure Ukraine's victory. Nor did they have a strategy for peace. It is too early to say what yesterday's call between Støre, Stubb and Putin will accomplish, but we are now entering a different phase.
eurointelligence.com
Thorvald Grung Moe retweeted
Corporate greed is Microsoft making $134 billion in profits last year, receiving $19 billion in tax breaks under Trump, paying a lower federal income tax rate than a nurse and getting rid of 60,000 workers.
“Corporations will create jobs if they get tax breaks” is a total scam.
Thorvald Grung Moe retweeted
This is crucially important. We need to abandon the current inflation-fighting model where jobs and economic security are on the line.
How we fight inflation doesn't just matter for the economy. It matters for democracy.
If government decisions leave people poorer, more indebted and less secure, we risk deepening the conditions that have emboldened the far-right.
🔗 My article for the @FT. Link below.
Thorvald Grung Moe retweeted
M. Fredriksen😡. Norway is not occupied by Denmark as we were from 1536-1814. We lost big parts (map) of our country to Sweden because of Denmarks wars. You supported Napoleon. You lost and gave away Norway to Sweden 1814. We have no intension war with Russia, as you WARMONGER
Thorvald Grung Moe retweeted
here is a former US Fed Governor saying exactly that in @business all the way back in October 2022
Thorvald Grung Moe retweeted
Today at the UN Security Council, China's representative delivered a sharp rebuke of US and European policy toward Iran, declaring that Washington's withdrawal from the JCPOA and subsequent maximum-pressure campaign were the "root cause" of the current nuclear crisis.
He also stated that US-Israeli military strikes on Iran's IAEA-safeguarded nuclear facilities were the "direct cause" of the agency's inability to conduct inspections at those sites.
Beijing further accused Britain, France, and Germany of failing to fulfill their own JCPOA commitments while joining Washington's sanctions campaign.
The Chinese representative described the E3's attempted snapback last year as legally and procedurally flawed, arguing that it had undermined the Security Council's unity and credibility.
The remarks came during today's Security Council meeting following the IAEA Board of Governors' September 9 vote to refer Iran's nuclear safeguards dossier to the Council, despite the US-Israeli attacks on Iranian nuclear facilities.
Russia and China both opposed convening the meeting, arguing that the US and European governments were ignoring critical facts about the crisis, particularly the US withdrawal from the JCPOA and the military attacks on Iran.
The meeting nevertheless proceeded following a procedural vote of 11 in favor, 2 against (Russia and China), and 2 abstentions, with no veto applicable.
China also warned against another round of US military strikes, expressed concern over repeated missed opportunities for diplomacy, and called for an end to the fighting and renewed negotiations.
The central argument from Beijing: The US and European powers cannot disregard their own role in dismantling the nuclear agreement and attacking safeguarded facilities while demanding punitive international action over the resulting nuclear crisis.
Thorvald Grung Moe retweeted
this message is essentially correct, however much you dislike the messenger.
The Bank of England has enormous gilt powers, it deployed them to pressure Truss into fiscal orthodoxy, and it did a U-turn last month that helped the Burnham government
mainstreamlabour.org/publica…
Thorvald Grung Moe retweeted
No people in modern history have suffered injustice on the scale endured by the Palestinian people.
Pure fantasy: «He said that in 30 years’ time, the European Union could grow to 40 member countries from the current 27 — including the U.K. rejoining the bloc alongside Norway, Moldova and Ukraine.»
I don't like the idea of this guy representing Europe in talks with Russia. He kisses up and kicks down. His worldview is self-congratulatory and mercenary. In the dog-eat-dog world he decries here, he wants Europe to be one of those feral dogs.
politico.eu/article/europe-n…
Thorvald Grung Moe retweeted
How would a temporary backstop allowing purchases of government bonds when disorderly market conditions threatened the stability of the European financial system differ from the TPI?
Thorvald Grung Moe retweeted
The BBC’s Middle East correspondent frames the Israeli elections as Netanyahu against “leftist” and “centrist” figures like Eisenkot, whom she describes as “softly spoken” and “lowkey”.
What she leaves out is that he’s a former general and the architect of the Dahiyeh Doctrine, which calls for disproportionate force and deliberate targeting of civilians and their infrastructure.
In what world is that left wing?
Thorvald Grung Moe retweeted
As the Clausewitzian saying goes, war is the continuation of politics by other means.
Which also means that whichever side in a war achieves its political objectives wins the war, even if it lost more materially.
Hard to think of a bigger political win for Iran than the Saudis coming to Tehran with the Turks and Pakistanis to talk regional security.
All the more because the political objective of the US and Israel was a new regional order dictated by them, which Netanyahu described as an order "based on strength" (eng.alzaytouna.net/2026/08/0…)
It's looking like an order based on strength all right, just not theirs 😏
"If our four countries sit together, many of the regions problem can be solved. This trip would be the beginning of a real transformation in the region."
"Despite the American threats, these three major countries came to Iran and talk to us. That shows that the American have no more impact on the world."
- Major General Mohsen Rezai, Secretary of Iran’s Supreme National Security Council
Thorvald Grung Moe retweeted
Lula's reelection in Brazil is not just a domestic victory. It is the single biggest geopolitical defeat the US empire has suffered in Latin America in decades.
Here is what was actually at stake:
The Resources:
Brazil holds the world's second-largest rare earth reserves — nearly a quarter of the global supply. The US military-industrial complex is desperate for these minerals to break its dependence on China. The Bolsonaro dynasty was ready to hand them over. A US government-linked company already bought Brazil's only active rare earth mine from Bolsonaro-aligned oligarchs for $2.8 billion. They wanted Petrobras privatized next. Lula said no. These are our minerals. We will build our own economy.
Palestine:
Lula lost a finger in a factory at 17. He is the working class. The Bolsonaros are the landlords, the oligarchs, and the cheerleaders of settler colonialism. They waved Israeli flags at their rallies. They held Zoom calls with Netanyahu on stage. They posed with a map of Israel colonizing ALL of historic Palestine — Gaza, the West Bank, the Golan Heights. Lula stands with Palestine and calls the genocide what it is.
The Multipolar World:
Lula co-founded BRICS. He is building parallel financial systems to bypass the weaponized US dollar. He called for a new global reserve currency. He wants Latin America to trade in its own currency, free from Washington's sanctions. The empire cannot tolerate a continent that refuses to pay rent in dollars.
So how did Washington respond to a sovereign democratic choice?
Trump slapped Brazil with 50% tariffs — even though the US has a trade SURPLUS with Brazil. The tariffs were never economic. They were punishment.
Meta censored Lula's accounts and boosted Bolsonaro.
The Bolsonaro campaign hired a US AI company to spread disinformation.
Eduardo Bolsonaro literally called on Trump to send the US military to attack the Brazilian government.
They threw everything at him. Tariffs. Censorship. Disinformation. Coup attempts.
And they still lost.
The American empire tried to enforce the Monroe Doctrine with algorithms, tariffs, and a puppet dynasty. But the Brazilian working class just voted to keep their minerals, defend Palestine, and build a world where Washington doesn't get to decide who eats.
You can tariff the economy. You can censor the candidate. You can beg for a military coup.
But you cannot colonize a people who have already decided they belong to themselves.
Thorvald Grung Moe retweeted
What's amazing is how successful mainstream parties in advanced economies are in repackaging these intergenerational transfers from the young to the old as something much more wholesome. They've been so effective that they always get the young to show up to protest in favor of the status quo. And the status quo is clearly very bad for the young.
In Italy is even worse. There is very little welfare state, the vast majority are transfers from the young to the old. This is the reason why at the #festinteconomia I proposed an estate tax on the boomers giornalelavoce.it/news/attua…
Totally agree
The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors.
I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance.
Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real.
The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held.
What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards.
Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like. ft.com/content/79785581-88c2…
Thorvald Grung Moe retweeted
Nobel Prize-winning economist rethinks his previous disdain for unions: “Their decline is contributing to the falling wage share, to the widening gap between executives and workers, to community destruction, and to rising populism.” imf.org/en/publications/fand…
