Mike Norman Economics

a NewsPoland's president [Duda] calls for removal of Nord Stream 2 (Call to destroy Germany's best hope.)DPA https://www.anews.com.tr/economy/2022/08/23/polands-president-calls-for-removal-of-nord-stream-2TASS (Russian state media)Zelensky says he had ‘great conversation’ with Biden, discussed Kiev’s further steps (Out in the open now, US calling the shots, which is only natural since the US is footing the bill.)https://tass.com/world/1498363RT — Question More (Russian state-sponsored...

Awful AvalancheUkraine War Day #183: Slow But Steady Wins The Race (why Russia is "taking so long" to wrap up Donbas. Russia doesn't fight like the US.)yalensishttps://awfulavalanche.wordpress.com/2022/08/25/ukraine-war-day-183-slow-but-steady-wins-the-race/Moon of AlabamaUkraine Previously Cited High Casualty Rates - It Is Now Lowballing Those Numbers (the Western media dutifully publish what Ukraine puts out, in spite of...

I read a lot about Japan. It has interested me since the early 1990s commercial property collapse and the subsequent fiscal and monetary policy measures that the Japanese government deployed to deal with it, which took policy settings outside the bounds that mainstream economists could cope with. These economists predicted the worst based on mindless extrapolations of their ‘theoretical’ models, which are really incapable of dealing with the real world in any meaningful way. Their worst...

Now that the furore about Modern Monetary Theory (MMT) has died down (other than the continuous pathetic strawman attacks), I am seeing a downtick in economic theory arguments that I find interesting. People are arguing about the details of fiscal policy and what is happening with inflation, which end up either being political or datamining time seri…One theoretical topic that comes up is the idea of nominal GDP targeting. I have doubts about nominal GDP targeting, the main one being that it...

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A Son of the New American RevolutionWhat Is Going On In Ukraine–Intel Ploy or Real Threat?Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)https://sonar21.com/what-is-going-on-in-ukraine-intel-ploy-or-real-threat/Awful AvalancheUkraine War Day...

Can't believe how divisive this is. MMT explainer: Nobody is paying for anybody's loans. 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/

[embedded content]Scott Ritter - Ukraine, Russia & PolandJudge Napolitano - Judging Freedomhttps://youtu.be/Vo02ZZOAHcIhttps://youtu.be/Vo02ZZOAHcI

The Vineyard of the SakerGeopolitical tectonic plates shifting, six months on ("What Moscow is doing is talking to virtually the whole Global South, bilaterally or to groups of actors, explaining how the world-system is changing right before our eyes, with the key actors of the future configured as BRI, SCO, EAEU, BRICS+, the Greater Eurasia Partnership. And what we see is vast swathes of the Global South – or 85% of the world’s population – slowly but surely becoming ready to engage in...

MMT. (I am not kidding.)The sucking of billions or trillions of dollars is a feature of MMT and will cool down the economy, as people have less money to spend.…..You know, "...and then they attack you..."ForbesThe Reasons Why An IRS Agent Could Be Paying You A VisitJack Kelly, Senior Contributorhttps://www.forbes.com/sites/jackkelly/2022/08/23/the-reasons-why-an-irs-agent-could-be-paying-you-a-visit/