Mike Norman Economics

A government cannot run continuous fiscal deficits! Yes it can. How? You need to understand what a deficit is and how it arises to answer that. But isn’t a fiscal surplus the norm that governments should aspire to? Why frame the question that way? Why not inquire into and understand that it is all about context? What do you mean, context? The situation is obvious, if it runs deficits it has to fund itself with debt, and that becomes dangerous, doesn’t it? It doesn’t ‘fund’ itself with debt...

I didn’t see this coming. It’s all about rate cuts now.

There’s never a single data point that determines where the economy is going. 

I don’t pay attention to daily swings. I look ahead and strategize accordingly. 

Markets are going to pop. 

The rate cut panacea just got more fuel. 

Today (August 23, 2024), MMTed releases Episode 4 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryEpisode 4 of the Smith Family Manga (S2) is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of...

Everything could be reversed tomorrow if Powell gives the market what it wants. 

A lot of change is coming that many are not expecting.

It may sound counterintuitive, but this is the way to really grow and achieve.