Mike Norman Economics

Abstract This study by PERI researchers Robert Pollin, James Heintz, Peter Arno, Jeannette Wicks-Lim and Michael Ash presents a comprehensive analysis of the prospects for a Medicare for All health care system in the United States. The most fundamental goals of Medicare for All are to significantly improve health care outcomes for everyone living in the United States while also establishing effective cost controls throughout the health care system. These two purposes are both achievable....

Economic ThoughtHistory, Philosophy and MethodologyVol. 7, No. 2 Free download. Real-World Economics Review Blognew issue of Economic Thought

“We don’t teach anything,” says Nicolas Sadirac, head of École 42. “The students create what they need all the time.”... Who cares about another coding school? Schools around the world, from kindergarten up, are scrambling to figure out what skills kids need to thrive in the future. Disagreement abounds about which skills should be prioritized, and how they should be taught, but opinions coalesce around some mix of collaboration, creativity, critical thinking, communication, and...

A central fiscal capacity is a recurring topic in discussions on reform of the Economic and Monetary Union, but no consensus on the usefulness and necessity of a such a capacity has been reached. This column, part of the Vox debate on euro area reform, argues that the potential stability benefits of a central fiscal capacity can be achieved through stronger financial market risk sharing and more effective use of fiscal stabilisers, without any additional fiscal risk sharing.... To...

Paul Krugman still wrong. The mainstream model of an economy based on general equilibrium, rational utility maximization, and money neutrality is one of a possible world that doesn't exist and can't exist in a monetary production economy. There is nothing wrong with constructing models of possible worlds, and, in fact, all models exist in possibility space, not real space. But it is wrong to claim or imply that such models of possible worlds apply to the real world when there is evidence...

Taking down lazy back-of-the-hand critiques of MMT that don't actually address MMT but just belittle a caricature of it.Independent AustraliaA response to MMT criticism Stephen Williams

No; Art Degree morons they are not referring to the "money supply!" here  ha ha ha ... good one there but no.... nice try though....[embedded content]

Fortunately for the rest of us still sitting on their hands since the recent October 7th 750B CNY debacle (Art Degree people alert: figurative language here means "not adding non-risk reserve assets to balance sheet of regulated depositories")  ....  keep your fingers crossed for the rest of the year and post end of ECB asset purchases... then maybe we can turn back up..The PBOC has held off on its regular liquidity injections for a record 26th straight session https://t.co/HgNBc6B8wH—...

May portend an acceptance of the Manuchin deal to put rates on hold and instead increase rate of portfolio roll off.... they need to guarantee positive carry between portfolio yield and IOR or they will think they are "out of money!"... The Fed may tweak the excess reserves rate again before the December meeting https://t.co/9Pxk8LndlE— Bloomberg Economics (@economics) November 29, 2018

After the war the U.S. turned Japan's war economy over to domestic production. The capitalist competitive environment ment that Japanese companies fought for market share to stay alive but profits tended towards zero. Japanese companies were destroying each other.From what I've read, economists consider this to be the ideal market where profits tend towards zero, but the Japanese were suffering. So the Japanese government allowed companies to form into cartels which ensured sufficient...