Mike Norman Economics

[embedded content]                                         John Pilger - Rally to Free Julian Assange Dr Lisa Johnson - The Psychology Of Getting Julian Assange, Part 1: What’s Torture Got To Do With It? In the first part of a special New Matilda investigative series, clinical psychologist Dr Lissa Johnson exposes the ‘science’ behind the hunt for Julian Assange, and the tactics those in power use to keep you in the dark. New Maltida ...

The official online debut of the new film WitchHunt has arrived, and you can watch the entire thing in the video above. The film has faced severe censorship, including a bomb threat which successfully canceled one preview. It tells a story about Israel’s alliance with the global far-right that Israel’s supporters would rather you not hear. Acclaimed British directors Mike Leigh and Peter Kosminsky have praised WitchHunt. Leigh said it “exposes with chilling accuracy the terrifying...

The Land of Innovation and Capitalism. The Exceptional Nation.

The relationship between reserve balances and market movements is important.

Kenneth Rogoff's criticism of Modern Monetary Theory assumes that MMT advocates don't care about budget deficits or the independence of the US Federal Reserve. But these assumptions are wide of the mark, and Rogoff himself sometimes undermines his own arguments. Project SyndicateModern Monetary Realism James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at...

MMT lets me forecast the economy and from that, the markets, better than any other type of analysis.

For now a brief excursion into the Dutch press, which has decided to join the wannabees attacking Modern Monetary Theory (MMT). The scenario outlined in the article I read earlier today takes the criticisms to a new level. We are no longer worried about hyperinflation, crowding out, sky high interest rates. No, things are likely to get much worse than that. If any government takes on MMT (noting it is not a regime that can be taken on) to operationalise a Green New Deal then tax rates will...

There is a lot of talk about how MMT would lack a “model”. Some commentators on Twitter even claim that MMT would have “no model” and that they just created one themselves. Others believe that stock-flow consistent (SFC) models are basically SFC models. All of that is not quite right! I think that the only model that can really claim to be a “MMT model” is the one I published in a peer-reviewed journal in 2014. The article in the International Journal of Pluralism and Economics Education...

Milton Friedman was wrong. Capitalism doesn't foster freedom — it produces autocratic workplaces and tyrannical billionaires.... Another paradox of liberalism that arises from economic liberalism and affects social and political liberalism, too.JacobinCapitalist Freedom Is a Farce Rob Larson

I once believed in the EU as I loved its social democracy and I would argue in defence of it with everyone. But in the end I voted to leave the EU and my friends never forgave me because they still had an old fashioned view of Europe as the great social democracy.Ross Ashcroft was always pro the EU up to now but I think he has changed his mind after this interview with David Rose who says that the EU has been destroyed by neoliberalism. The left politicians gave up the fight and decided that...