Mike Norman Economics

Using Song’s data, here’s the idea that I’m going to test. I think that the recent rise in US income inequality is being driven by a redistribution of income within firms. In short, I believe that corporate hierarchies have become more despotic. Corporate elites have taken income that once went to the bottom of the hierarchy and redirected it to the top. To test this idea, we’ll take a meandering route. First, I’ll tell you about my model of corporate hierarchy and how it explains income as...

Petrodollars are dollars earned by oil exporting nations. 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

Read "technology sharing." Russia already does this with India, including military hardware.TASS (Russian state media)Russia, China plan to jointly develop power equipmentSee also at TASSChina, Russia partnership rock-solid — Chinese ambassador in MoscowRussian gas supplies to China paid in yuan and rubles — NovakRussia and China to sign intergovernmental gas supply agreement soon — Novak

The US is standing in the way of the progress of the world economy. The ROW is becoming impatient with the the US and vassals creating obstacles. But even the vassals are under pressure resulting from US hubris and its consequences for the world system. Now the US is running into opposition, some vocal—President Xi in particular. Nothing mentioned of BRICS and its expansion though. It was apparently the elephant in the room at the Bali meeting, everyone being well aware of it, not to mention...

QT is happening, but rather than financial Apocalypse like so many predicted (not me), stocks are up, bank loans have surged and the economy is growing. 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....

Flows have peaked for now. NASA's mission to the moon and false flag reporting. 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

There is a short memory in the public discussion about economics. If there wasn’t many players that get the wide platforms to express their views, opinions, forecasts, etc would burnout very quickly given how appalling their track records are. I was thinking about that while looking at the most recent Foreign Direct Investment data and reading UK Guardian articles about the demise of the most recent British Prime Minister. While it is very hard at present to trace the economic events in...

Article from the CATO libertarian moron people here…This whole thing was from Art Degree douche Milton Friedman doing the whole figurative “bond vigilante!” thing:George Tolley (1957) and Milton Friedman (1960) first argued that since bank reserves can be created at zero marginal cost within a fiat money regime, economic efficiency dictates that the opportunity cost to banks of holding reserves should be driven to zero as well. Tolley and Friedman also pointed out that one way to satisfy...

 Commercial aircraft market and competition therein.Reminiscence of the FutureSomething Of Import...Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.

Of interest both in the relationship of capitalism and socialism and also the MMT JG. Getting down to specifics.Global InequalityDisciplining workers in a workers’ state Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie...