Mike Norman Economics

 Well, they did it. For the second time in two years, democrats in the Senate held together to pass a fiscal package via a process known as budget reconciliation. The climate, tax, and health care bill—dubbed the Inflation Reduction Act (IRA)—received its deciding vote (51-50) from Vice-President Harris on Sunday afternoon. Every republican voted against it. Now it’s over to the House, where it is expected to pass later this week, and then on to President Biden for his signature....The...

It’s Wednesday and so I write less on the blog to allow me to write more elsewhere. And, we get a chance to savour some music – today some of the best vibraphone playing that was recorded. Simon Jenkins wrote a column in the UK Guardian on Monday (August 8, 2022) – Who knows if Truss or Sunak is right on the cost of living crisis – where are all the economists? – which runs the line that my profession has gone to ground as the two Tory leadership hopefuls come out with diametrically opposed...

This is my update on today’s CPI print and some comments about psycho monetarist behavior.

1945China’s Military Was Built to Defeat America in a Taiwan WarLt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Prioritieshttps://www.19fortyfive.com/2022/08/chinas-military-was-built-to-defeat-america-in-a-taiwan-war/India PunchlineRussia-Turkey reset eases regional tensions (Putin's backing of Erdogan in the (likely CIA-led) coup has paid off.)MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador....

[embedded content]Col Douglas Macgregor - Will Biden Stumble into a New World War?Judge Napolitano - Judging Freedomhttps://youtu.be/mZIQEu_tZ1g

A "hot" print will trigger the monetarist zombies, so get ready to take their money. Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/daily-treasury-statement/ 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]Spacy ThingsAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a...

Russian and Eurasian PoliticsWHO IS ISOLATING WHOM?Gordon Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS), Akribis GroupM.https://gordonhahn.com/2022/08/08/who-is-isolating-whom/

A bit longish but important. Transcript of an address.Chas W. Freeman Jr.Some Implications of the Sino-American SplitAmbassador Chas W. Freeman, Jr.. chair of Projects International, Inc. He is a retired US defense official, diplomat, and interpreter, the recipient of numerous high honors and awards, a popular public speaker, and the author of five books. He was a former US Assistant Secretary of Defense, ambassador to Saudi Arabia (during operations Desert Shield and Desert Storm), acting...

Bills already providing about $25B more fiscal transfer this year since the Fed first increased the policy rate in March…  notes and bonds haven’t rolled over at the higher rates yet…Last year Bill discount:This year Bill discount:Bill discount thru March 1  of this year:Free munnie!  🤑