Mike Norman Economics
Surprises are coming.
Read More »Monetarist’s prayers will be answered next week.
U.S. U.K. to launch missiles deep into Russia.
Insanity on steroids.
Read More »A somber day. And monetarist hysteria on display again.
23 years ago today. 9/11.
Read More »Xu Gao’s case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing
MMT without naming it.Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School of Development (NSD) at Peking University, has been featured on The East is Read several times.On August 19, 2024, Xu published a new essay on his personal WeChat blog 徐高经济观察 Xu Gao Economic Observation. This long essay, essentially making a case for Beijing to adopt stimulus measures, will be rolled out in three parts.Amid...
Read More »What happened to oil?
Are we about to experience a crash in oil prices? 
Read More »Wholesale Payments Systems and Bank Reserves — Brian Romanchuk
Some of the nity-gritty involving payments systems that underlies some institutional arrangement needed to understand MMT's analysis.Bond EconomicsWholesale Payments Systems and Bank ReservesBrian Romanchuk
Read More »The Myth That the US is Rapidly Approaching Bankruptcy — Michael Hudson
Yves Smith's introductionYves here. It is frustrating to see a normally solid YouTuber almost go off the rails by getting outside his area of expertise, geopolitics, and fall for libertarian scaremongering. We’ve commented before on the tendency of certain schools of commentary to fall into belief clusters, so anti-globalists are anti-dollar hegemony (and often crypto fans) to the degree that they have not bothered understanding how a currency issuer like the US operates. A currency issuer...
Read More »Modern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.org — Bill Mitchell
I am travelling all day tomorrow so I am bringing forward the normal blog post to today. I am pleased to announce that from today the MMT MOOC which we ran through the University of Newcastle’s edX facility over the last few years is now available through MMTed on an on-going basis. Read on to get the full details and access. William Mitchell — Modern Monetary TheoryModern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.orgBill Mitchell | Professor in...
Read More »Trump 3% Mortgage Policy
Trump promising a return to 3% mortgages if he can get back in…He’ll have to tell his Central Bank to lower the policy rate down to at least 2% to hope to get his 30-yr fixed back to 3%…Donald Trump says his plans to slash regulations will get mortgage rates 'back down' to 3%, per FORTUNE— unusual_whales (@unusual_whales) September 9, 2024
Read More »Sell the dollar? You will lose. It’s not going to crash.
Unless there is some alternative, which there is not at this time dips in the dollar should be bought. 
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