Mike Norman Economics

I told you this a long time ago. Now it's happening and the media is running with it. What will Congress say? 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....

You can't get more mileage out of your model than the assumptions contain. It's called "scope."Overconfidence or sleight of hand? The presumption is that professionals know better. But if they admit the scope, their influence would be limited.  This could also be accounted for by professionals acting unprofessionally owing to perceived advantages of doing so. So either way, perverse incentives seem to be in play.Lars P. Syll’s BlogMethodological overconfidenceLars P. Syll | Professor, Malmo...

The currency of international trade has been on a lot of peoples’ minds in the last few years. The hierarchy of currencies literature, the related questions of reforming the international monetary and financial system (IMFS), the effects of US monetary policy on the rest of the world (ROW). Add to that the war in Ukraine and Chinese trade-related discussion on the role of the ruble, dollar, yuan, oil and natural gas, wheat etc. These issues can easily lead to rethinking about the bancor or...

The question is: what do we do now? We can adjust, and build a fair and secure middle-class society, free of poverty and of oligarchy alike, with tools that are broadly familiar.…The Guardian (UK)The broken US economy breeds inequality and insecurity. Here’s how to fix itJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin

 Some humor in the info war from Alexander Lukashenko, President of Belarus.21st Century Wire@21stCenturyWire• Belarus president #Lukashenko's epic troll of Europe, getting fire wood ready for the winter.https://twitter.com/21stCenturyWire/status/1570354229872566273

Oil, geopolitics and the petrodollar."It's the energy, stupid." Economics run on energy.This was entirely predictable as a result of the policy to address climate change through ESG. This resulted in less investment in non-renewable energy resources, which will still be needed in relative abundance through a transition that will take a relatively long time under the best of circumstances. Instead the world is facing the worst of circumstances, war and preparation for war. Militaries are...

MMT is getting noticed as the basis for a solution to the economic challenges of creating a sustainable future.Resilience.orgDegrowth, Decolonization and Modern Monetary TheoryWinne van Woerden and Chris van de Ploeg

3Q GDPNow revised up twice to 2.9% which is higher than annual growth ever achieved under 14 years of ZIRP:Tweet: On October 7, the #GDPNow model nowcast of real GDP growth in Q32022 is 2.9%. https://t.co/T7FoDcZmZS #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMkQ7XS pic.twitter.com/u6R1xLVvNK— Atlanta Fed (@AtlantaFed) October 7, 2022 T-Bill discounts now transferring over $3.5B per week with the Fed’s latest rate increase...

It never works….Raiders DB Robertson with awesome all pro quality game against the Broncos last week:I’d watch this with dudes commentary every game! 😂🔥👀💪🏽 pic.twitter.com/r7uNUSPUTM— DJ P👀H (@DJPooh) October 3, 2022

The government doesn't borrow. It physically CANNOT borrow dollars unless it spends the dollars into the economy first. There is no debt. It's just untaxed dollars in the hands of the world. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes Follow me on Twitter...