Mike Norman Economics

Gold and silver also dropped hard on growth concerns. 

Some big changes in conditions are ahead.

Some jabroni had to tell me in a comment that he unsubscribed. Hilarious.

In Stabilizing and Unstable Economy, Minsky noted that “[a]n economy has a number of different types of money: everyone can create money; the problem is to get it accepted” (p. 228). While governments and banks usually get the spotlight, tens of thousands of monetary instruments have been issued by localities, ecclesiastic domains, local seigneurs, taverns and other private agents in many periods of monetary history, worldwide, up to the present [see Burn (1853); von Glahn (1996); Fletcher...

What they all think is going to happen, won’t. The opposite will.

Lesson: don’t fade the producers!

Download PDF's of slide sets from the presentations at the recent UK MMT conference.The Gower Initiative for Modern Money StudiesUK MMT Conference 2024 – SlidesSee alsoThe National (Scotland)Scotland needs its own currency ASAP after indy, say top economistsScotonomics

You’re gonna think I’m crazy when I tell you this, but this is the real reason why the dollar is going higher. 

I wait for policy to be enacted. And since I understand the impact, I strategize after it it has been put into effect, not before. 

 Not MMT per se, but it explains something of the tenacious hold that neoliberalism has on economic and monetary policy owing to the Bank of International Settlements ((BIS).Monetary Policy Institute Blog #146The Bank for International Settlements (BIS) as ideological fortress for monetary technocratsVadym Syrota, Ph.D. in economics, independent banking expert, contributor to the specialized blog of the Kennan Institute Woodrow Wilson Center (USA)See alsoThe development of BRICS and its...