Mike Norman Economics

Moon of AlabamaUkraine Bits: Casualty Numbers, Kampfgruppen, Territorial Defense Forceshttps://www.moonofalabama.org/2022/06/ukraine-bits-casualty-numbers-kampfgruppen-territorial-defense-forces.htmlIndia PunchlineBiden tweaks Ukraine narrativeM.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador. https://www.indianpunchline.com/biden-tweaks-ukraine-narrative/RayMcGovern.comCatch-up Reading; Oberg is excellent (you won’t find him in the NYT)Ray McGovern,...

"It's the sanctions, stupid."Naked CapitalismSanctions Now Weapons of Mass StarvationAnis Chowdhury, Adjunct Professor at Western Sydney University and University of New South Wales (Australia), who held senior United Nations positions in New York and Bangkok and Jomo Kwame Sundaram, a former economics professor, who was United Nations Assistant Secretary-General for Economic Development, and received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. Originally...

The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2022 – today (June 1, 2022), which shows that the Australian economy grew by 0.8 per cent in the March-quarter 2022 and by 3.3 per cent over the 12 months to the end of March 2022 – a decline in the growth rate. Nominal GDP grew by 10.2 per cent over the year and the change in the GDP price index (a measure of inflation) was 8.2 per cent. The data tells us...

Have to watch the QT policy effect on this number in the lower right…Unqualified Art Degree monetarist morons think if this balance is seen to reduce then “banks have less money to lend out!” in their typical reification of the scientific abstractions of regulatory Accounting … and they think it’s bearish…

A Son of the New American RevolutionINTRODUCTION–AMERICA’S DANGEROUS NARCISSISMLarry 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/introduction-americas-dangerous-narcissism/The Dreizin ReportA rude awakening… and stale...

On the Russian wartime economy.Dances with BearsGRESHAM’S NEW LAW – IN WAR THERE IS NO LAWJohn Helmerhttp://johnhelmer.net/greshams-new-law-in-war-there-is-no-law/

The first Eurasia Economic Forum, held last week in Bishkek, Kyrgyzstan, should be regarded as a milestone in setting the parameters for the geoeconomic integration of the Eurasian heartland.Sergei Glazyev, Russia’s Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU), is coordinating the drive to design an alternative monetary-financial system – a de facto post-Bretton Woods III – in cooperation with China.According to Glazyev, the forum “discussed the...

At this point, the president’s plan to bring down inflation can be summed up as follows:Leave the Fed alone to hike rates and slow the economyTake proactive steps to reduce some costs and build more capacityTake proactive steps to cut the fiscal deficit even moreI joined Bloomberg TV’s David Westin to talk about this at noon today....The LensBiden's Plan to Fight InflationStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief...

High prices for gas and food are a result of sanctions. We're shooting ourselves in the foot. 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/

FYIThe LensWhere Can I Study MMT?Stephanie 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 Sanders.https://stephaniekelton.substack.com/p/where-can-i-study-mmt