Mike Norman Economics

Keep it simple. It's about having a grasp of the big picture. 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

 Michael Hudson foresaw this years ago, but the details were not yet clear at that time. Now it is unfolding. This is also the objective with the rest of the world, which is what "US hegemony" means economically.MR OnlineZelensky complicit in corporate takeover of UkraineJohn ParkerRelatedMaybe "preserve and extend" rather than "revive" now that the West is facing competition there from China and Russia? China recently warned the West about extending "great power competition" to...

Ya think?This system is "capitalist" in name only, in that competition is fundamental to the concept of "free market capitalism" that underlies its efficiency in production and also producing the kinds of goods that people prefer. Asymmetries, like "concentration," a euphemism for monopoly and monopsony, vitiate that and lead to asymmetries political power in addition to market power that vitiate the concept of democracy as rule of, by and for the people, as President Lincoln put it.Is this...

Jeff Beck has died! A masterful musician. Very sad. We move on. I read an interesting research paper recently – “The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation – published in the US Federal Reserve Bank’s Finance and Economics Discussion Series (released November 2022), which illustrates how the pandemic is altering the behaviour of the US labour market. The lessons from the US are relevant everywhere as governments...

Maybe they are just going to use their capital to accept the Fed’s 5% subsidies and lay everyone else off?Banks are telling you to buy stocks, saying the bottom is in & cancelling their recession calls for Europe. Meanwhile, all of them are closing investments, departments & laying off staff.Seems unusual, no? 🤔 https://t.co/99AUWXOkMP— Financelot (@FinanceLancelot) January 11, 2023 Dimon now hoping for 6%:Jamie Dimon says the Fed’s rate hikes might need to go beyond what’s currently...

  Oh no! …. “Inflation!”…. Fed better go up the 0.5% now!Egg prices rise more than 64% in some stateshttps://t.co/natM1HoTr7— FOX Business (@FoxBusiness) January 12, 2023

Yglesias out with another idea today:New debt ceiling workaround just dropped — an idea for folks who find the platinum coin too silly. https://t.co/COhytbTHgv— Matthew Yglesias (@mattyglesias) January 11, 2023 I guess: With policy rate at 5%;  they sell a 1 year 10 face value with a coupon of 95 then people would pay 100 and get redeemed for 10... they would make the 5%... iow they would pay 100, get coupon for 95 then get back 10 at redemption in 1 year...  pay 100 and get back 105 within...

When the monetarist zombie bears start running for cover. 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

There are things we hate to do, but we must do them. Here are a few of mine.

By at least one measure, China now leads the world in producing high-quality science. My research shows that Chinese scholars now publish a larger fraction of the top 1% most cited scientific papers globally than scientists from any other country.I am a policy expert and analyst who studies how governmental investment in science, technology and innovation improves social welfare. While a country’s scientific prowess is somewhat difficult to quantify, I’d argue that the amount of money spent...