Mike Norman Economics

Quotes and links to sources.Funding the FutureCentral bankers on their ability of banks to create money out of thin airRichard MurphySee also by Richard MurphyShouldn’t bankers know how banking works?

Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismPredictions 2024Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Episode 9 in our new Manga series – The Smith Family and their Adventures with Money – is now available. We are approaching the climax for Season 1.Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 9 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

As I previously indicated I am returning to Europe and the UK in a few weeks for the first time since the Covid pandemic began. I will provide further details in due course, but for now, here is a link to the first event I will be speaking at in London on Friday, January 26, 2024 that is organised by the wonderful women from GIMMS. See over for details and how you can get tickets to the event.William Mitchell — Modern Monetary TheoryGIMMS London Event – Friday, January 26, 2024Bill Mitchell...

Pavlina Tcherneva, a Professor of Economics at Bard College and a Research Scholar at the Levy Institute, has written a concisely, argued case for a federal job guarantee within the context of a Green New Deal. Citing its origins in FDR’s 1944 Economic Bill of Rights and the U.N.’s Universal Declaration of Rights, and the, at least nominal, commitment to the idea of full employment that prevailed through every administration until it was quashed with the election of Ronald Reagan, Tcherneva...

For the record. Not the best presentation of MMT, but it takes a positive approach. It is more or less correct, even though there are some major mistakes. So some progress on balance.Although MMT has kind of faded into the background lately, on the blogs at least, the message still seems to be filtering out there.New Trader U — Empowering Your Financial JourneyModern Monetary Theory ExplainedSteve Burns

Episode 8 in our new Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 8 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Biden people still 3.5% above their “inflation!” target….Data last week indicated US inflation over the last six months likely returned to the Fed’s 2% target on an annualized basis. Figures out Friday are poised to make the achievement official https://t.co/CAVTfVK2EA— Bloomberg Economics (@economics) December 21, 2023 And circling the toilet bowl:CNBC: "Americans are giving President Biden TERRIBLE approval numbers — no matter how you look at it."Overall: 35%Economy: 33%Foreign Policy: 29%...

The question that the mainstream economists should be paraded out in front of the public and forced to answer is how can Japan do this and experience economic growth (albeit moderate) while the rest of the world is contracting due to misconceived monetary and fiscal tightening and is recording inflation rates above the Japanese rate?The New Keynesian mob never directly answer questions like that because they cannot.William Mitchell — Modern Monetary TheoryThe parallel universe in Japan...

"It" is neoliberalism.Michael Hudson: "Well, you’ve just made the point that neoliberalism wants to make itself invisible. It’s like the devil. If there a devil, the devil wants to say he doesn’t exist. Neoliberalism says inequality doesn’t exist, exploitation doesn’t exist, and everything is quite fair."Michael HudsonIs It Over Yet?Radhika Desai and Michael Hudson