Mike Norman Economics

RT runs a Renegade piece featuring MMT and Stephanie Kelton. I guess MMT can now be blamed on Putin and the Russians.RTMMT – Letters from America

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt's purpose and justification. Lays out basic questions about implementing MMT politically in a politically divisive environment like the contemporary US. Project SyndicateModern Monetary...

Positive and accurate. The scope is brief but Milton Ezrati uses it his limited space to show how most negative criticism of MMT fails to take into consideration what Stephanie Kelton, the public face of MMT in the US, actually says.ForbesWhat Is Modern Monetary Theory?Milton Ezrati |senior economist for the NY communications firm, Vested

I checked on the internet today about Trump and one site said the Republican Party has had many honourable and good leaders but Trump is not one of them, said the commentator . He said Trump was a complete joke, a crook,  and an a**hole with no integrity. Phew!I certainly was disappointed in Trump because of the hawkish people he appointed to power and his aggressive posturing, but it has been mentioned here before that some of those appointments were forced on him by rich Republican donors....

Cameron K. Murray is a left leaning economist who says excessive immigration is not good for societies. It is often said by liberals, that in western societies where there is a growing, aging population that isn't fully replacing itself they will need immigrants to do the work, and especially the care work. Not so, says David Cameron, in fact, countries with shrinking populations and aging populations are more productive. You can read his research below. Overview Population ageing due to...

China says if you don't buy our technology we won't buy your soya beans. Well, that says something about U.S. technology. Also, China is developing space age new green technology and energy systems, while the U.S. says it's going to re-invest in its coal mines. I guess we will see those steam trains going across the U.S. again soon - the new frontier! [embedded content]

Unqualified climate nutter discovers garbage disposal.  I wouldn't trust her to check the oil in my car and she says we need to get rid of petroleum or we're all dead... scary!!!!! So @AOC discovers a garbage disposal and teaches the rest of us how terrifying such a device can be. #BOO! pic.twitter.com/qsYEblAY0I — Jim Fannon ?? (@jimfannon) May 7, 2019 Here for others unqualified out there; some intro information on maceration in solid waste processing systems, enjoy.

Russia felt betrayed when NATO expanded along its borders and the installed its nuclear defence shield, says Stephen Cohen. Russia responded by developing missiles that can never be detected to beat the shield. Now that MAD was back on the table, Putin asked for new nuclear arms agreements to reduce the very dangerous tensions, but the U.S. responded with Russia-Gate instead. Stephen Cohen says this is the America's worst crisis since the Revolution.Stephen Cohen says how the CIA has...

Richard Wolff says that Trump may have seriously damaged the United States long term prosperity by banning Huawei as many non U.S companies may now want to protect themselves from similar action by reducing their business and involvement with the U.S.Huawei will now reduce its reliance on U.S manufactured parts and many other companies are likely to do the same, says Richard Wolff. [embedded content]

The article is behind a paywall, but I have found that the FT let's you read an article once before the paywall comes up. Whether this is intentional or a quirk in the system, I don't know?The article was saying that MMT had got the ECB chiefs thinking about how they could print money to help failing states without giving a free ride to the bond markets. They said that printing money would not cause inflation in an economy that is in deflation.So, MMT is now being taken seriously by the ECB...