Mike Norman Economics

Finishing up with the dough, sauce and cooking in the oven. Final product.

The coin.The LensThe tl;dr on Powell Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

This week, the British Broadcasting Commission (BBC) released the results of an independent review into its coverage of economic matters – Review of the impartiality of BBC coverage of taxation, public spending, government borrowing and debt – which was completed in November 2022. The problem is that the Investigation conducted by this Review, while interesting and providing some good analysis, misses the overall source of the bias that our public broadcasters have fallen into. The problem...

This Fed is so predictable. And it's fun to watch the zombies get whipsawed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Tax credits.OilpriceThe EU’s Response To Biden's Inflation Reduction Act Is Finally HereFelicity Bradstock Also at OilpriceGold Demand Soars To Hit 11-Year High In 2022

Advocacy journalism is a euphemism for propaganda.JonathanTurley.com"Objectivity Has Got To Go": News Leaders Call For End Of Objective JournalismJonathan Turley | Shapiro Professor of Public Interest Law at George Washington University

 To my mind, issuing consols as JP Koning suggests is the simple solution and to be preferred over the coin, which has no precedent and appears gimmicky. In addition, he points out that consols fir with existing Fed policy and operations whereas the coin does not.However, my preferred solution would be for the president to order the treasury secretary to ignore the debt ceiling as contradicting previous legislation without repealing it. Then there is also the Fourteenth Amendment. Short and...

This is a huge deal not because of avoiding sanctions but because of its impact on world trade, the global economy, the Global South and East, and the shifting world order in the direction of multipolarism. It is also a signal that India is taking its place on the world stage as a principal player. This is a huge deal for the world system and it represents a concrete reconfiguration of this system taking place at present. The Global North and West will likely work at disrupting this...

So the IMF has come late to the transitory inflation party. What was obvious months ago is now at the forefront of IMF forecasts. Better late than never I suppose. It is becoming clear that most indicators are still not predicting a major demand-side collapse in most nations. Growth has moderated slightly and the forward indicators are looking up. At the same time, the inflation data around the world is suggesting the price pressures have peaked and lower inflation rates are expected. Real...

It took me a long time to master, but once you get it (my process), you will NEVER buy pizza again. Guaranteed! Part 1 is making the dough. Hydration is EVERYTHNG!!!