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Mike Norman Economics

Accounting 101

So what now we have Art Degree MMT Economics people teaching rudimentary Finance and Accounting Science 101 like this is some big revelation or something?  Big deal … 🤔assets___________BANK________liabilities+ reserves + bank depositsWhat happened? 🧐— Dirk Ehnts (@DEhnts) April 15, 2024

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JPMorgan says high interest rates are driving inflation higher

But these JPM people are not winning the Art Degree argument though:JUST IN: 🇺🇸 JPMorgan says high interest rates are driving inflation higher - Bloomberg pic.twitter.com/ui89mAh6RG— Radar🚨 (@RadarHits) April 10, 2024 This guy is winning the argument:.@lhsummers, former US Treasury Secretary and Wall Street Week contributor, says he's not surprised inflation rose again in March, but he says an interest rate cut in June by the Federal Reserve would be dangerous https://t.co/VVbO71W83N...

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