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Mike Norman Economics

Daniela Gabor — MMT Meets Rey’s Dilemma: A Balance Sheet View Of Capital Flight (Coming Soon To An Em Country Near You)

Recently, a colleague emailed with the following set of questions: ‘a balance sheet approach to defending currencies. Do you know literature that explains in detail the globally interlocking balance sheets between central banks, commercial banks and what happens when a national government has to defend its currency? What is the role of national and foreign reserves and how do they travel these balance sheets in the process of trying to defend a currency? I came back to this question when...

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George Eliason — Intel-for-Hire Undermines U.S. Intelligence (Part 2)

Intel-for-Hire is a multilayered phenomenon that’s undermining the integrity of U.S. intelligence, argues George Eliason. In this installment, he looks at the second tier of this system. (Click here for part one.) Consortium NewsIntel-for-Hire Undermines U.S. Intelligence (Part 2)George Eliason See also BuzzFeed was the first outlet to publish the dossier, which contains salacious allegations, a year ago. The Hill BuzzFeed hires former FBI, White House cyber officials in attempt to...

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Michel Hudson — Tollbooth Trump

Shamini Peries interviews Michael Hudson. Video and transcript.Michel HudsonTollbooth Trump Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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Now a Blue Apron for the poor?

Can't even make it up: Trump administration is proposing a major shakeup to the the Supplemental Nutrition Assistance Program (SNAP): instead of giving low-income families food stamps every month, they would give them a box of nonperishable foods. White House Budget Director Mick Mulvaney said the proposal, included in the $4.4 trillion budget the president sent to Congress for approval Monday, will save billions and offer families a more nutritious option. According to Politico, he also...

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Ben Schiller — Want To Stimulate The Economy? Cut Student Debt–Not Taxes

The recently passed Republican tax cut package will cost about $1.4 trillion over a decade, according to independent figures. It’s a very expensive policy that currently is not offset by an increase in government revenue, or by spending cuts.Another measure would cost about the same amount and it too would be hard to justify as a deficit-busting policy. But it might have greater economic benefits, say economists. That policy would be canceling all student debt. The contention comes from a...

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