Mike Norman Economics

What follows is a series of tweets from MMT economist Scott Fullwiler. Scott is no longer on Twitter, but he sent me an archive of this thread so that I could share it with all of you. If you read it carefully, you’ll notice a sharp departure from the usual focus on Trust Fund balances and financial shortfalls. I wish everyone involved in covering these debates and crafting legislation would take the time to think through what Scott says below. It would lead to a much more productive...

The list is endless…$SPY The last time the Fed began Quantitative Tightening (QT) was back in September 2018. Stocks immediately fell -20% the next 3 months. The Fed will begin QT again in September 2022. Wonder what will happen... Heart if u are thinking what I am thinking... ❤️‍🔥 pic.twitter.com/ym33twD2kf— Heisenberg (@Mr_Derivatives) August 18, 2022 Quite a rally given Quantitative Tightening, right? No. The Fed's has not yet reduced its Mortgage-Backed Securities Holdings, which have...

I have to 99% agree with this Rabbi guy specifically here:"the Bible represents the great anti-Platonic narrative in Western civilization".And btw you know its bad because you can see that moron methodology… FAILING… EVERY… DAY..But go figure the whole of Christendom is run by these unqualified Platonists… ie Christendumb…In this respect, as Rabbi Jonathan Sacks (@rabbisacks) put it, "the Bible represents the great anti-Platonic narrative in Western civilization".Plato saw moral progress as...

To preserve Social Security for future generations, we need to move beyond the usual "solvency" fights....The LensEighty-Seven Years and CountingStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/eighty-seven-years-and-counting

Paul Craig RobertsRussia’s Destruction of the Ukraine Military (best short summary of the SMO I have seen so far)Paul Craig Roberts | formerly Assistant Secretary of the Treasury for Economic Policy, associate editor of the Wall Street Journal and a columnist for Business Week, Scripps Howard News Service, and Creators Syndicatehttps://www.paulcraigroberts.org/2022/08/19/russias-destruction-of-the-ukraine-military/Gilbert Doctorow — International relations, Russian affairsJohn Mearsheimer’s...

Like a bunch of frightened and blind apostles on their knees begging the Fed God for water, while the water is right there in front of them, but they don't see it. It's sick. 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]Headlines of Import for August 19Andrei 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...

Defense One (US)Sensing Russian Stall, US Rushing Arms to Help Retake Ukrainian TerritoryMarcus Weisgerber and Tara Copphttps://www.defenseone.com/threats/2022/08/more-ukraine-weaps/376080/Zero HedgeAs US Announces New $800M Ukraine Arms Package, Here's The Total List Since War's StartTyler Durdenhttps://www.zerohedge.com/geopolitical/us-announces-new-800m-arms-ukraine-arms-package-heres-list-all-start-warUS Approves Of Ukraine Striking...

Shrugging off western obstacles, Eurasia's ambitious connectivity projects helmed by China and Russia are now progressing deep into Asia's Heartland….Caution — Decolonization in progress. First Eurasia and then Africa and Latin America. The real import of globalization — without neoliberalism, neo-imperialism and neocolonialism.The CradleA Eurasian jigsaw: BRI and INSTC interconnectivity will complete the puzzlePepe Escobarhttps://thecradle.co/Article/Columns/14439

Peter Radford has a way of cutting to the chase. This is a short post worth thinking about for those interested in the study of economics as a discipline of thought. While it is a highly simplified analysis of an entire field, it avoids being simplistic. (It's about modeling.)Real-World Economics Review BlogSay it ain’t soPeter Radford