Mike Norman Economics

Making plans for a self-induced crisis thanks to the Fed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.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

The buyer's cartel bombs out of the gate. Europe, the UK and the US no longer have the clout. Getting used to it will be painful and may involve lashing out.OilpriceRussia [Gazprom] Warns Europe: Natural Gas Price Cap Means Full Supply Cut-OffSimon Watkins.

Another person with a straw man argument "proving" MMT is wrong. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.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

Imagine a new democracy imposes taxes on itself; the tax-credit is then spent, taxed back, thus provisioning public goods in the process.Not all spending is taxed back, thus the public has savings of tax-credits.Why would it make sense to pay more tax-credits to those holding tax-credits?....ClintBallinger.comWhen are payments to holders of the tax-credit by the state ever a useful policy?Clint Ballinger

Boris Johnson has dropped out of the leadership race in Britain. Word on the street is that this means that Rishi Sunak has all but gotten the job. Sunak has long been the City of London’s candidate, having held a career in finance before he became an MP. He started as an analyst at Goldman Sachs and then moved into hedge funds. By all accounts, Sunak is a smart chap who understands markets.Already the chatter has started that Sunak’s tenure is going to be less a government than a...

There were two headlines on Australia’s national broadcaster, the ABC’s news site this morning that tell us that there has been little progress made in helping people better understand the way the monetary system operates and the capacities of the currency-issuing government within it. Both articles merely rehearsed the standard mainstream fictions, which makes them dangerous, in that they perpetuate the system that has held the world back from addressing its major challenges. By creating...

How Western analysts and leaders confuse their projections, here about China, with reality, hnece, fail to grasp what is actually happening. This violates Sun Tzu's first precept: know yourself and know your adversary. (Art of War, 3:18)Uwe Parpart that Xi is not resurrecting Mao and moving away from Deng, in fact, just the opposite.Ideologically blinded Western analysts and officials consistently miss the point. China’s state is the least ideological, most ruthlessly pragmatic entity in the...

 In the second and last part of the interview, MMT economist Fadhel Kaboub explains why and how India should urgently work on an alternative framework of development that leaves no one behind.News ClickUniversalise Public Services, Fund Job Guarantee, Provide Generous Income Support’ Sowmya Sivakumar interviews Fadhel Kaboub

The government borrows at a price of its choosing.New WaylandHow to fix the government's borrowing costs NeilW

Summary of economics since William Petty in a few paragraphs viewing marginalism as a boondoggle.Thoughts On EconomicsA Short HistoryRobert Vienneau