Stefan Eich: "It is never the case that money ceases to be political but merely that it is removed from democratic politics." I just finished Eich's book, not necessarily an easy read, but an important book on why money should not be left to economists and central bankers.

Thanks to both you and Julie for steering this ship into its harbor with some brilliantly helpful feedback and guidance!

I love the reference to faux-democratization as “predatory inclusion.” It’s perfect! 👏🏽 Stefan & Leah. “We argue that conceptions that reduce democratization to expanded market access are not merely insufficient but, when applied to speculative capital markets, amount to predatory inclusion.”

Good timing…

🗑️🔥

New article just dropped in APSR! Leah Downey and yours truly on why people should stop using “democratize” when all they really mean is increasing market access. (Looking at you, economists! 👀) And, more positively, what a better vision of “democratization” looks like when applied to finance.