Mike Norman Economics

She’s looking at the PV of depository system loan assets not “loans!”…  another reification error here…You can see here from the graph the MMT thesis “loans create deposits!”  I suppose is true but it is not exclusive… If the Central Bank credits reserve asset balances to the depository system this will credit depository system liabilities too…. As can Treasury debiting USD balances previously credited to the TGA…During the global financial crisis, bank deposits kept going up while bank...

These idiot monetarists are like mindless sheep. Take their money! Here's the only thing you should be looking at. 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....

It’s Wednesday, and I have two things to write about briefly before exposing readers to some more music. First, the evidential base for my ‘this inflationary period is transitory’ narrative gains more weight. The latest CPI data from the US Bureau of Labor Statistics shows that inflation has peaked in the US and falling rapidly in the goods sector, which started this episode off. The second topic relates to measuring progress in the development and spread of new ideas. It is often difficult...

 For now, result means more to the scientific community than it probably does for those pining for a new commercial electricity alternative….Proof of concept is one thing and an important step, but scaling is an entirely different matter. This result simply proves the possibility of nuclear fusion being harnessed is greater than zero, as many previously thought to be the case. Scaling is not yet even on the drawing boards.Asia TimesWhat the US nuclear fusion ‘breakthrough’ actually means...

My feeling is that although it is too early to declare victory over high inflation rates, I think we are closing in on closer to “normal” dynamics — by the standards of the post-1990 era. I believe that there are still areas of stronger pricing power, but some of the excesses have been unwound, so that we end up with more mediocre inflation prints. At least we would if the housing component of CPI — constructed to be a very slow-moving series — settles down. The market rent series that I...

Manic, emotional behavior and a lack of understanding of how the monetary system works is a gift to investors. Take the monetarists money. 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....

First, we need to balance our federal budget.…Second, we must cure Washington’s worsening addiction to wasteful spending….Additionally, we must faithfully adhere to the rules and regulations outlined in the Statutory Pay-As-You-Go Act of 2010, which explicitly requires any new spending that contributes to the national debt to be offset by spending cuts elsewhere....Third, Conservatives have offered real solutions to the economic woes that families are enduring.…Taking away the fiscal...

Took a little longer than I thought, and for a while it looked like nothing was going to happen to this creep because of his well placed donations to important politicians. However, he's in custody now and probably faces a long time behind bars.Look at this dude. A gross, disgusting physical specimen. Total slob. And Giselle?? Really??Sorry, but this kid was disgusting. Fat, out of shape slob who lurched around in drab, baggy T-shirts, shorts and sneakers. Meanwhile, living in a sick, frat...

You can't navigate the markets by changing course every time there's a squall, but that's exactly what they do. 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....