Mike Norman Economics

I’ve never understood the technical respect people have for google…  it just takes your search word and inserts it into an advertisement ignorant of context... that’s all it really does …. I wrote that same program in high school back in the 80s … this ChatGPT thing might be a game changer…ChatGPT vs Google: pic.twitter.com/53pbrVocDF— ChatGPT (@ChatGPTGoneWild) January 10, 2023

Last year was a test of your resilience. Starting this year too. Will you quit or persevere? Lessons to be learned. 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....

Now we got'em on the ropes!Russia’s budget deficit widens to a record as revenues plunge amid oil export restrictions and spending on the invasion of Ukraine grew https://t.co/duUhiufXzP— Bloomberg Markets (@markets) January 10, 2023

The new Speaker of the House has vowed not to raise the debt ceiling. This could be problematic. 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

Video and transcript.Subject: global corporate totalitarianism.Naked Capitalism50 Years After Allende at the UN: a Corporate Triumph Named MultistakeholderismLynn Fries interviews Harris Gleckman, Senior Fellow at the Center for Governance and Sustainability, UMass-Boston; Director of Benchmark Environmental Consulting, and Board Member of the Foundation for Global Governance and SustainabilityOriginally published at GPE Newsdocs

Well, happy 2023 to all my readers. We are back for another year – the 19th in this blog’s existence. All the observers have been waiting for a sign that the US interest rate hikes are slowing the US economy down, which is the mainstream logic that has been used to justify the regressive policy shift. The data, so far, suggests that the inflationary pressures are subsiding as a consequence of the factors other than the interest rate changes which seem to have done little other than...

Banking is an ongoing area of controversy in popular discussion of economics and finance. What sets it apart from other areas of economic controversy is that it is not seen as contentious by the mainstream. This has meant that arguments are largely done at the fringes, and generally ignored by conventional economists. I see two main drivers of the difficulties in dealing with the subject: ideology and theoretical intractability.Editorial note: this article is meant to be an introductory...

"Utility," derived from Bentham and Mills' Utilitarianism, is a fancy word that economists use to mean satisfaction, which is the contemporary term for 18 c. Utilitarian "happiness" that was inspired by Greek: εὐδαιμονία eudaimonía)," itself derived from Aristotle's Nichomachean Ethics. The Greek term eudaimonía is also translated as "welfare," another term in use in economics. Literally, it means "good spirits." This could be thought of as wellbeing.But what is happiness? Is it just...

Biden’s consigliere:Larry Summers reclining on a tropical island and instructing the proles that "there's going to need to be increases in unemployment to contain inflation" ☠️pic.twitter.com/t1ONYePsUZ— David Adler (@davidrkadler) January 6, 2023 Nice guy!

LFG!!!! … hopefully the US defaults this time… Biden people throwing down:WHITE HOUSE SAYS CONGRESS WILL HAVE TO RAISE U.S. DEBT LIMIT, WITHOUT CONDITIONS— *Walter Bloomberg (@DeItaone) January 8, 2023 Trump saying to use the ceiling to exact concessions from Democrats:Looking real good for a default this time… 👍