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Mike Norman Economics

The Smith Family manga continues – Episode 4 is now available — Bill Mitchell

Episode 4 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 4 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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Yes, we can afford democracy — and it should be up to voters to decide what a government should do — Dirk Ehnts

It follows from what has been said that a “shortage” of money with the state is not a technical shortage. Thus, it is never the lack of “money” that causes the state to be unable to spend, but always the lack of resources that causes the state to be unable to get what it wants. Money moves resources. If there are no resources, nothing is moved. However, if resources are the monopolist of money — the government with its central bank — can move it even when the political will is there. This...

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U.S. hiring slowed to 150,000 jobs in October. The unemployment rate rose to 3.9%

Whoa!  October employment report… What about all the MMT free munnie interest income (to people who are already bazillionaires) from the higher rates somehow creating a Democrat regime economic nirvana?  Perhaps not? 🤔This and the initial 1.2% Q4 from the Atlanta Fed has this thesis not looking too good so far I’d say…U.S. hiring slowed to 150,000 jobs in October. The unemployment rate rose to 3.9% https://t.co/7dLb8rYpLg— Real Time Economics (@WSJecon) November 3, 2023

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Uganda’s leadership role in the Global South — Fadhel Kaboub

Greetings from the Pearl of Africa!Today, I had a very productive visit to Kampala, Uganda, the Pearl of Africa, with my dear friend Julius Mucunguzi (we were colleagues in Addis Ababa, Ethiopia). I had two long deep-dive conversations with senior government officials, Minister of State for Industry, the Hon David Bahati, and Uganda's Permanent Representative at the United Nations, Ambassador Aadonia Ayebare.…The effects of colonialism in Africa and how to break out of the persistent...

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