Mike Norman Economics

This is a good interview.Alastair Crook says says how the U.S. is losing ground to Russia and China as these countries strive to improve their standard of living and so are catching up with the U.S. He says the U.S. is making a mistake thinking they can cripple these countries economically and military as this has never worked on the past.Alastair Crooke says the U.S. is putting all its money into the military and turning its economy over to a war orientated one. That scam!Just think if all...

Merkel refuses to make Germany a powerless colony of the US in addition to be an obedient vassal. As always, follow the money. See also Tom Luongo's Merkel Stands Against Trump’s Energy Dominance. Tom Luongo Merkel Draws the Line Against TrumpSee alsoMedium — Insurge IntelThe “disintegration” of global capitalism could unleash world war 3, warns top EU economist Nafeez AhmedSee alsoMoon of AlabamaU.S. Efforts To Block Huawei Gives China An Advantage

Interesting title since the primary issue of the day is the survival of life on Planet Earth as the sixth extinction progresses. Should be "Planet earth to AEI."Bond vigilantes again.AEIPlanet earth to Modern Monetary Theorists Desmond Lachman |AEI scholar, previously managing director and chief emerging market economic strategist at Salomon Smith Barney after serving as deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department

"Stealth Socialism." The Epoch TimesMMT: Modern Monetary Theory or Monopoly Money Tyranny? Mark Hendrickson | adjunct professor of economics and sociology at Grove City College

You have to take action then manage that action, not wait around for the perfect setup which is unknowable.

A bit of ideological bias at work influencing view of causality, namely, that austerity is expansionary because saving funds investment? I suppose that if Modern Monetary Theory (MMT) were implemented, foreign exchange markets would have their say about it (provided we still had floating exchange rates). Do you think it is a coincidence that the two biggest bull markets correspond with government austerity? I do not. And tell us what happened after the two biggest bull markets? MMT...

Nathan Lewis is totally confused about government finance and central banking. And he has an attitude to begin with. Amazing that this kind of rant gets published. Oh well, Forbes. ForbesThe Problem With "Modern Monetary Theory" Is That It's True Nathan Lewis

Brad DeLong schools Jonathan Portes.Grasping RealityI would not have called MMT "nonsense economics". Brad DeLong | Professor of Economics, UCAL Berkeley

What Bob Adelmann doesn't seem to get is that government spending adds to GDP and if GDP and the debt grow at the same rate, then the debt to GDP ratio remains the same. There is a multiplier, however, and if the multiplier is greater than 1, then the ratio decreases (GDP goes up more than debt), while if the multiplier is less than 1, the ratio increases (debt goes up more than GDP). The focus therefore should be on the multiplier if one evaluates growth as the priority and assumes that...

John Mauldin obsessing again. It was my first encounter with what I thought was economic insanity.More than 10 years ago, I came across the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching what he called Modern Monetary Theory (MMT). I looked into it and quickly dismissed it as silly... Congress has tried to create agencies which would use the Fed to directly create money. These agencies and methods have all been ruled overwhelmingly...