Mike Norman Economics

I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have much time today given I have been contending with various ‘moving in’ requirements. But I read an article on the plane last night which I think marks a divide between what ‘green’ progressives think and what I think is...

Print and Shred is how the system works. All modern monetary systems work this way, no matter how much they try and hide the fact.The MMT money story explains where the ‘why not print more money’ idea falls over. The government only prints more money to buy more stuff..…New WaylandMMT Money Story - Print and Shred EditionNeilW

CNBC here…Again politics.. You knew this was coming.. can’t wait to now watch all the political biased leftist MMT people flip and join with the monetarist morons and start to advocate for higher interest rates in response.. wait for it…“Interest rates are very high. They’re too high. People can’t buy homes. They can’t do anything. I mean, they can’t borrow money,” Trump told MTP host Kristen WelkerUsing the platform formerly known as Twitter, Trump often berated Fed officials, once calling...

Agree with Ehnts here but if you listen to 99% of the MMT commie Art degree or no degree left the current most regressive economic outcome I’ve ever experienced in my adult life is allegedly the result of improper technocracy by the monetarist morons in the academe…LOL can’t be both!  Which one is it? 🤔

Russia's pivot to the Far East, and away from the West.The CradleIn Vladivostok, the Russian Far East risesPepe Escobar

Here for you left wing commie Art Degree MMT dumb fucks: S&P Global Market Intelligence Oldest employed Americans have left the workforce never to returnThe oldest workers in the US labor force, edged out during the pandemic by retirements and health concerns, are unlikely to ever return, potentially ending a decades-long trend amongst working seniors in America and contributing to the ongoing imbalance in the jobs market.Doesn’t have anything to do with whether your fellow Art degree...

Two items this Wednesday before the music segment. First, we saw the stark ideology of the elites on full display in Sydney yesterday with a property developer demanding the government increase unemployment by 40-50 per cent to show the workers that the employer is boss and redistribute more national income back to profits. For anyone who doubts the relevance of a framework based on underlying class conflict between labour and capital, then this outburst should eliminate those doubts. On the...

Read the remarks of Glenn Diesen, Professor at the University of South-Eastern Norway, and Editor at Russia in Global Affairs, about how Russia and China are now following the Hamiltonian plan of the American System or National System, later developed by economist Friedrick List. In other words, these countries are not doing what the nascent US did when breaking away from the British Empire, which was not only political and military but also economic and financial. And the ROW is...

Contra Krugman.Moon of AlabamaKasandras Beware - China Economy Will Not Hit A WallAlsoECNSWestern journalist claiming Shanghai a 'Ghost Town' faces backlash

Several related strands have come together in the last week of work and thinking. Today (September 11, 2023), of course, is a massive day in history and I am not referring to the year 2001. Today marks the 50th anniversary of the overthrow of the Salvatore Allende’s democratically-elected government in Chile by the US CIA and there local puppets under the leadership of General – Augusto Pinochet. I have also been following a trail of the antecedents of the Powell Manifesto (thanks to...