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Axel Nerdrum

@axelpax

Rent seeking economist. My views are (sadly) only my own.

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17.09.2023
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Latest posts by Axel Nerdrum @axelpax

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Pretty crazy how important the blockade of a trade route is right now

10.03.2026 21:30 πŸ‘ 24005 πŸ” 6452 πŸ’¬ 209 πŸ“Œ 397
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This is the largest oil supply shock in history in mb/d
The enemy gets a vote. Iran is now delivering pain to Trump via multiple paths
(1) Gulf Kings
(2) Financial meltdown
(3) AI tech oligarchs
(4) Fuel, fertilizer, food disruptions
Read our Polycrisis Dispatch:
buttondown.com/polycrisisdi...

08.03.2026 20:05 πŸ‘ 410 πŸ” 179 πŸ’¬ 6 πŸ“Œ 31
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Neoclassical economics emphasizes that international trade acts like an improvement in technology that is mutually beneficial. Tariffs are a tax on this trading technology, from Ralph Ossa and @reddingecon.bsky.social www.nber.org/papers/w34915

08.03.2026 17:02 πŸ‘ 15 πŸ” 9 πŸ’¬ 0 πŸ“Œ 0
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The facts suggest two interpretive frameworks for Iran: a foreign war as a mechanism to destroy democracy at home; and a foreign war as an element of personal corruption by the president of the U.S.
Join my live conversation with @phillipspobrien.bsky.social, 12:00pm ET, snyder.substack.com

28.02.2026 15:39 πŸ‘ 1891 πŸ” 859 πŸ’¬ 74 πŸ“Œ 61
in 1983, 90% of U.S. media was spread across 50 companies. in 2012, it's these six Comcast, Newscorp, Disney, Viacom, Time Warner, CBS

in 1983, 90% of U.S. media was spread across 50 companies. in 2012, it's these six Comcast, Newscorp, Disney, Viacom, Time Warner, CBS

in 2012, it was six. now it's four.

26.02.2026 23:39 πŸ‘ 1082 πŸ” 469 πŸ’¬ 16 πŸ“Œ 29
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Mehrwertsteuer: MehrwertsteuererhΓΆhung? Nur, wenn man sich durchmogeln will Eine hΓΆhere Mehrwertsteuer scheint fΓΌr Schwarz-Rot der leichteste Weg, um das Haushaltsloch zu stopfen. Aber er wΓ€re ΓΆkonomisch, sozial und politisch fatal.

Eine hΓΆhere #Mehrwertsteuer scheint fΓΌr Schwarz-Rot der leichteste Weg, um das Haushaltsloch zu stopfen. Aber er wΓ€re ΓΆkonomisch, sozial und politisch fatal.

🧡

Meine neue Kolumne fΓΌr Die Zeit:

www.zeit.de/wirtschaft/2...

21.02.2026 08:31 πŸ‘ 259 πŸ” 86 πŸ’¬ 19 πŸ“Œ 7
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The pace at which US wealth concentration is rising is simply staggering

The concentration of AI wealth into the hands of a few tech barons + plutocratic capture ==> unchartered territory

15.02.2026 14:47 πŸ‘ 4189 πŸ” 1853 πŸ’¬ 129 πŸ“Œ 315

Sometimes I remember Reagan removing Jimmy Carter’s solar panels and I think we’ve been enduring this shit for way too many years.

11.02.2026 06:25 πŸ‘ 8111 πŸ” 1451 πŸ’¬ 155 πŸ“Œ 54
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Every American needs to watch this:

05.02.2026 20:41 πŸ‘ 20578 πŸ” 10321 πŸ’¬ 585 πŸ“Œ 987

the Epstein files are really devastating because they remind me of how many girls and women miss out on professional opportunities, mentorship and careers because of how many powerful, rich and influential men only view girls and women β€” and interactions with them β€” through the lens of sex

05.02.2026 17:05 πŸ‘ 19934 πŸ” 4685 πŸ’¬ 302 πŸ“Œ 263
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Opinion | I’m the Prime Minister of Spain. This Is Why the West Needs Migrants.

wow.

www.nytimes.com/2026/02/04/o...

06.02.2026 01:58 πŸ‘ 22 πŸ” 6 πŸ’¬ 0 πŸ“Œ 3
KARE 11: Minnesota DOC launches new website to 'address ongoing misinformation by DHS'
The DOC names Border Patrol Commander Greg Bovino directly in a statement.

KARE 11: Minnesota DOC launches new website to 'address ongoing misinformation by DHS' The DOC names Border Patrol Commander Greg Bovino directly in a statement.

Minnesota Department of Corrections Statement on Minneapolis Shooting and Federal Claims
January 24, 2026
The Minnesota Department of Corrections (DOC) extends its condolences to the family and loved ones of Alex Pretti, who was shot and killed by federal agents this morning in Minneapolis. The loss of life is tragic, and Minnesotans deserve transparency, accountability, and facts.

In the hours following the shooting, U.S. Border Patrol Chief Gregory Bovino held a press conference asserting that the operation was targeting an individual named Jose Huerta-Chuma and characterized him as having a significant criminal history. Because federal statements have repeatedly included inaccurate information about Minnesota custody and criminal records, the DOC reviewed available records to determine whether the individual referenced had any connection to Minnesota state prison custody.

Minnesota Department of Corrections Statement on Minneapolis Shooting and Federal Claims January 24, 2026 The Minnesota Department of Corrections (DOC) extends its condolences to the family and loved ones of Alex Pretti, who was shot and killed by federal agents this morning in Minneapolis. The loss of life is tragic, and Minnesotans deserve transparency, accountability, and facts. In the hours following the shooting, U.S. Border Patrol Chief Gregory Bovino held a press conference asserting that the operation was targeting an individual named Jose Huerta-Chuma and characterized him as having a significant criminal history. Because federal statements have repeatedly included inaccurate information about Minnesota custody and criminal records, the DOC reviewed available records to determine whether the individual referenced had any connection to Minnesota state prison custody.

ased on DOC records and publicly available Minnesota court data:

The individual identified by federal officials has never been in Minnesota DOC custody.
DOC and court records show no felony commitments associated with this
Public Minnesota court records reflect only misdemeanor-level traffic offenses from more than a decade ago.
The individual is not currently under DOC supervision.
DOC records further indicate that an individual by this name was previously held in federal immigration custody in a local Minnesota jail in 2018, during President Trump’s first administration. Any decisions regarding release from federal custody at that time would have been made by federal authorities. DOC has no information explaining why this individual was released.

ased on DOC records and publicly available Minnesota court data: The individual identified by federal officials has never been in Minnesota DOC custody. DOC and court records show no felony commitments associated with this Public Minnesota court records reflect only misdemeanor-level traffic offenses from more than a decade ago. The individual is not currently under DOC supervision. DOC records further indicate that an individual by this name was previously held in federal immigration custody in a local Minnesota jail in 2018, during President Trump’s first administration. Any decisions regarding release from federal custody at that time would have been made by federal authorities. DOC has no information explaining why this individual was released.

Things are so bad that the Minnesota prison system has had to launch a website specifically to combat DHS lies. The first major release from DOC officials suggests Gregory Bovino outright lied about the target of the Border Patrol operation during which agents shot and killed Alex Pretti.

25.01.2026 17:32 πŸ‘ 4238 πŸ” 1847 πŸ’¬ 59 πŸ“Œ 86

🧡 @jburnmurdoch.ft.com is spot on about the conditions in his FT piece. Liberal democracy held it together thanks to growth, good demographics, and the promise of a better future. Those days are gone, and that’s the "why" behind the erosion. However...

23.01.2026 09:07 πŸ‘ 1624 πŸ” 586 πŸ’¬ 41 πŸ“Œ 126

NΓ₯ er det ganske nΓΈyaktig ett Γ₯r siden mange norske medier gjorde all mulig mental gymnastikk for Γ₯ slippe Γ₯ slΓ₯ fast, uten hvis og at og eufemismer, at Elon Musk gjorde en fascisthilsen. Det siste Γ₯rets hendelser viser med all tydelighet hva som er sΓ₯ viktig med Γ₯ bruke et Γ¦rlig og tydelig sprΓ₯k.

24.01.2026 21:52 πŸ‘ 408 πŸ” 127 πŸ’¬ 2 πŸ“Œ 22

Saying there must be trials isn't just an emotive aspiration.

Congress can:
- Create a new court (complying w/ 6A jury vicinage)
- Give it jurisdiction over defined category of crimes
- Also create dedicated prosecutors for the same
- Strip SCOTUS of appellate jurisdiction

It can be done.

25.01.2026 07:28 πŸ‘ 8964 πŸ” 2776 πŸ’¬ 213 πŸ“Œ 153
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The guy that runs the Reddit where people post about patting their cat on the butt like bongos has put his foot down

25.01.2026 00:44 πŸ‘ 13019 πŸ” 2147 πŸ’¬ 6 πŸ“Œ 1
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β€œ.. People take part in a rally on the day of a general strike to protest U.S. President Donald Trump's deployment of thousands of immigration enforcement officers on the streets of Minneapolis, Minnesota.”

@reuters.com

23.01.2026 21:14 πŸ‘ 4254 πŸ” 1270 πŸ’¬ 93 πŸ“Œ 78
NEP/RePEc link to paper

Measuring long-run wealth inequality. Empirical results for Norway 1912-2019: Edda Solbakken

22.01.2026 21:52 πŸ‘ 0 πŸ” 1 πŸ’¬ 0 πŸ“Œ 0

I came to Minneapolis to report on what's going on, and one of the main questions I showed up with is "just what is the scale of the resistance?" After all, we're all used to the news calling Portland a "war zone" or whatever when it's just some protests in one part of town.

22.01.2026 03:58 πŸ‘ 15482 πŸ” 5774 πŸ’¬ 141 πŸ“Œ 1554
Three coffins wrapped in Danish flags are carried by 4-6 soldiers each; a cargo aircraft is in the background

Three coffins wrapped in Danish flags are carried by 4-6 soldiers each; a cargo aircraft is in the background

I think a good strategy for your non-leftist social media presence (ie everywhere but here) is to give this photo - the remains of Danish soldiers returning in coffins after being killed in America's war in Afghanistan - as wide an audience as possible. Remind people who we're betraying

19.01.2026 16:32 πŸ‘ 2444 πŸ” 1161 πŸ’¬ 37 πŸ“Œ 51
4 frame comic. In the first frame, a portrait of Knut Hamsun. In the second, Hamsun is seen shaking hands with Goebbels. In the third, he looks at something Hitler is showing him. In the third, Machado presents Trump with her Nobel prize. Text reads : 
The last Nobel prize laureate
to gift their medal to someone
was The influential Norwegian
writer Knut Hamsun*.
Source : *the Nobel prize committee, the Nobel prize and
the laureate are inseparable, JANUARY 16th 2026
he won the Nobel prize of
Literature in 1920, and in 1943,
decided to give it to Joseph
Goebbels, the nazi head of
propaganda.
Days later, Hamsun was awarded
a rare audience with Hitler,
to complain about the German
administrator of Norway and
to plead for the release of
Norwegian prisoners. nothing
came out of it.
sometimes, it feels like
history is making fun of us.

4 frame comic. In the first frame, a portrait of Knut Hamsun. In the second, Hamsun is seen shaking hands with Goebbels. In the third, he looks at something Hitler is showing him. In the third, Machado presents Trump with her Nobel prize. Text reads : The last Nobel prize laureate to gift their medal to someone was The influential Norwegian writer Knut Hamsun*. Source : *the Nobel prize committee, the Nobel prize and the laureate are inseparable, JANUARY 16th 2026 he won the Nobel prize of Literature in 1920, and in 1943, decided to give it to Joseph Goebbels, the nazi head of propaganda. Days later, Hamsun was awarded a rare audience with Hitler, to complain about the German administrator of Norway and to plead for the release of Norwegian prisoners. nothing came out of it. sometimes, it feels like history is making fun of us.

History is making fun of us

16.01.2026 23:35 πŸ‘ 612 πŸ” 297 πŸ’¬ 11 πŸ“Œ 13
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OpenAI launches ChatGPT Health, encouraging users to connect their medical records But it’s β€˜not intended for diagnosis or treatment.’

FOR THE LOVE OF ALL THAT IS GOOD IN THE UNIVERSE
PLEASE DO NOT USE THIS

THANK YOU FOR YOUR ATTENTION TO THIS MATTER

www.theverge.com/ai-artificia...

08.01.2026 20:55 πŸ‘ 1145 πŸ” 517 πŸ’¬ 12 πŸ“Œ 47
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ICE agent who fatally shot woman in Minneapolis is identified Jonathan Ross, a Minnesota-based agent, was dragged in a separate incident last year by a fleeing motorist.

The agent, Jonathan Ross, was dragged by a vehicle and injured during a June operation in the Twin Cities, court records show.

08.01.2026 19:04 πŸ‘ 885 πŸ” 433 πŸ’¬ 208 πŸ“Œ 197
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πŸ‡ΊπŸ‡Έ MINNEAPOLIS VETERAN: "They are terrorizing the population, in Afghanistan we never wore masks.” (From @statuscoupnews.bsky.social )

08.01.2026 21:16 πŸ‘ 19089 πŸ” 6605 πŸ’¬ 393 πŸ“Œ 317
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Denmark's PM urges Trump to 'stop the threats' of annexing Greenland The prime minister of Denmark called on Trump to β€œstop the threats” of the U.S. annexing Greenland after renewed comments garnered international attention.

1/Leaders are abducted/allies are threatened but pundits and governments are scratching their heads on what the US is doing. Danish PM on Greenland "It makes absolutely no sense". Why? Because actors using old IR models when we need a new lens. Enter neo-royalism.
abcnews.go.com/Internationa...

05.01.2026 13:24 πŸ‘ 560 πŸ” 270 πŸ’¬ 20 πŸ“Œ 85
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The Politics of Plunder His domestic and foreign policies have one consistent theme.

It was bad enough when Ukraine only had to worry about Putin delegitimizing their government. Now they have to worry about Trump, too.

27.12.2025 09:01 πŸ‘ 642 πŸ” 156 πŸ’¬ 24 πŸ“Œ 4

PΓ₯ julemarkedene (95% fest, 5 % marked) i Hamburg gΓ₯r bartenderne i norske ullgensere. Ingen har fortalt dem at vi ikke har julemarkedstradisjon

17.12.2025 11:17 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
chart of child mortality in history, roughly 48% for all societies across the globe…until the 20th century, where it plummets to 4%

chart of child mortality in history, roughly 48% for all societies across the globe…until the 20th century, where it plummets to 4%

Currently dorking out over this graph about child mortality with my brother. Just mind boggling to take in.

02.12.2025 05:00 πŸ‘ 2488 πŸ” 970 πŸ’¬ 72 πŸ“Œ 160
Statement from the American Economic Association

The AEA has imposed a lifetime ban on Lawrence H. Summers’ membership and participation in AEA activities. See the full statement here. www.aeaweb.org/news/aea-sta...

02.12.2025 16:01 πŸ‘ 602 πŸ” 159 πŸ’¬ 14 πŸ“Œ 74

De eneste feltene i Oslo det er diskusjon Γ₯ Γ₯pne, er sykkelfelt

30.11.2025 18:10 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0