Mike Norman Economics

Not just a correction, but I major change. 

Language is meant to bring meaning to discourse. That means we want to use terms that convey information that is of use to us in making our way in the world. The problem is that economists have perverted that process and introduced a metaphorical language that is intended to persuade the reader/listener to accept a particular view of the world but which undermines their ability to actually understand the phenomenon in question. Marx knew long ago how language could be constructed to advance...

Central banks, geopolitics, earnings. It was all there today. How do you trade this? 

Where all this may be going is anyone's guess. Wherever, it looks like down the rabbit hole. The UK is "broke." The USD is being crushed under "a mountain of debt." De-dollarization is "in full swing."The Alternative WorldTrump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial HegemonyWhitney Webb

Ignorance is a gift. To us. 

Teeing up a cut in September.

Bizarro-world stuff, folks.

One of the undercurrents at the recent UK MMT Conference in Leeds was the apparent unwillingness of MMT economists to acknowledge their mistake in dealing with international trade. In our new book – Modern Monetary Theory: Bill and Warren’s Excellent Adventure (published July 2024) – we devote a chapter to this issue. There are various strands to the criticisms we receive ranging from claims we are simply wrong at the most elemental level to others claiming trade has no part in the MMT...

 Today (July 26, 2024), MMTed releases Episode 2 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 2 of the second season of our Manga – The Smith Family and their Adventures with Money – available nowBill Mitchell | Professor in Economics and Director of the Centre of Full...

Audio and summary of talk.interest.co.nzIn the latest episode of our Of Interest podcast, Steven Hail gives the MMT perspective on the monetary system, inflation, climate change & moreGareth Vaughan