Mike Norman Economics

Come join me for the First Annual MMT Trader dinner in NYC on Saturday, Nov 10

Comparison of the way Bush and Obama handled the 2008 crisis with now Hoover and Roosevelt handled the crisis that led to the Great Depression.ViceThe Bailouts for the Rich Are Why America Is So Screwed Right Now Matt Stoller

There are several misconceptions and misunderstandings as to the true meaning of Modern Monetary Theory,writes John Doyle. Independent AustraliaThe facts of Modern Monetary Theory John Doyle

MMT hitting the big time.Very positive and short as well.Barron'sStephanie Kelton Wants You to Rethink the Deficit Ben Walsh

The debate over the MMT JG is joined.Thomas Palley — Economics for Democratic and Open SocietiesJob Guarantee Programs: Careful What You Wish For Thomas Palley | Schwartz Economic Growth Fellow at the New America FoundationAlsoFMM Working PaperGovernment Spending and the Income-Expenditure Model: The Multiplier, Spending Composition, and Job Guarantee Programs Thomas Palley July 2018

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This is funny, Felix Salmon argues for the Basic Income on Fox News. Felix Salmon is so casual.https://www.mediamatters.org/video/2018/09/12/watch-fox-panel-become-speechless-after-guest-defends-universal-basic-income/221286Transcript - But the video is better. STUART VARNEY (HOST): Felix Salmon is with us, he is the chief financial correspondent at Axios, and he knows a thing or two about social networks and regulations. Good morning, Felix. FELIX SALMON (AXIOS): And even universal basic...

Recommended reading on the history and philosophy of science, the philosophy of economics, and Milton Friedman's instrumentalism.EvonomicsEconomists Should Stop Defending Milton Friedman’s Pseudo-science George H. Blackford | former Chair of the Department of Economics at the University of Michigan-Flint

In Too Big To Fail, the “superstar” chief of Goldman, Lloyd Blankfein, along with “smart” Jamie Dimon of Chase, “fighter” John Mack of Morgan Stanley, and other titans brokered the deal of deals, just in time to stave off a Mad Max scenario for us all.The plan included a federal bailout of incompetent AIG, along with key mergers – Bank of America buying Merrill, Barclays swallowing the sinking hull of Lehman, etc. With respect to the fine actors in the film, the legend is bull. There are...

Harvard Business ReviewResearch: How the Financial Crisis Drastically Increased Wealth Inequality in the U.S. Moritz Kuhn, Moritz Schularick and Ulrike Steins The Guardian France admits ‘system’ of torture in Algeria war of independence AFPStrategic Culture FoundationBringing Down a President Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran...