Mike Norman Economics

Investors panic sell because Kudlow says US and China still far apart on a trade deal. LOL!!

Essentially, Ocasio-Cortez is continuing to argue for Modern Monetary Theory — something she said "absolutely" needs to be "a larger part of our conversation" in a recent Business Insider interview. The theory says that because governments can literally print money, "they can spend as much as they like," Politico explains. "Inflation is the only obstacle" that should stop the presses, The Week details here. In short, it's a big, untested idea for a big, untested plan. Read more two...

Here he goes again. "Zimbabwe."Tim Worstall knows better. MMT's bottom line is availability of real resources to meet effective demand. Zimbabwe's problem is exceeding its real resource constraint fiscally. The predicable result based on MMT analysis is inflation.  This is trivial. Either Tim Worstall is ignorant of MMT, or he is being disingenuous. Continental TelegraphZimbabwe’s Third Time Lucky – The Return Of The Zim$ Tim Worstall

Fair and balanced. Stephanie Kelton speaks for the MMT view. The other side is presented, too, but I would say that the debate goes to left in this article. For Politico, overall positive, and that says something of itself. MMT is getting harder to dismiss offhandedly.PoliticoOcasio-Cortez boosts progressive theory that deficits aren't so scary Victoria Guida

China needs to keep growth high enough to maintain social stability, but also must preserve external stability via the renminbi’s exchange rate. How China manages its currency during its economic policy shift could have important global consequences. China is not sovereign in its currency since it pegs to the dollar. Currency sovereignty requires floating the rate whereas as peg sets a fixed rate. This means that China domestic policy is constrained by have to manage the exchange rate...

"We knew it all along."Project SyndicateDebt Derangement Syndrome Brad DeLong | Professor of Economics, UCAL Berkeley

The older generation may not like it but the world they created and are trying to passing on, or pass off, is being rejected by the younger generation, which favorable to socialism. Why is that? What is capitalism? Favoring capital (ownership) over labor (people) and land (environment).  What is socialism? Favoring labor (people) and land (environment) over ownership. No-brainer unless you have been brainwashed by ownership. Occasional Links & CommentarySocialism and...

Robert Newman, a British comedian, smashes the Western narrative about its wars for oil, which it says are wars for human rights and liberal democracy, which is a blatant lie. Robert Newman gives a stunning performance..From the Off-Guardian The best comedians are the cleverest people on the planet. I’m grateful to a BTL comment on OffGuardian, below a piece of mine on Venezuela, for linking to this forty-five minute video. It has Robert Newman saying exactly what I try to say, but with...

If you haven't seen the Morning Joe interview with Tulsi Gabbard, you should. It's even worse than Caitlin Johnstone makes it out to be. Pictures are more powerful than words. This is supposed to be professional journalism and expert opinion?Caitlin Johnstone — Rogue JournalistTulsi Gabbard Is Driving The MSM Bat Shit CrazyCaitlin Johnstone

Here's a good example of BBC and Vice journalists lying, putting out propaganda. They seem like very nice, well educated, reasonable people, but really they are just scumbags, trash, who cover up for the crimes of the empire, the neocons, the warmongers, the neoliberals, the military -industrial -complex, the gangsters who rule over us running their protection racket. [embedded content]