Mike Norman Economics

Marc Lavoie has a new paper MMT, Sovereign Currencies And The Eurozone. It’s based on a lecture he was asked to give in 2021 STOREP conference. In this he analyses what neochartalism (“MMT”) is and what is says about the Euro Area.Marc Lavoie also discusses Sergio Cesaratto’s work. Sergio had an excellent book Heterodox Challenges In Economics: Theoretical Issues And The Crisis Of The Eurozone and somehow missed Marc’s review of it earlier....The Case for Concerted ActionMarc Lavoie On The...

John Bellamy Foster explains the capitalist ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollars worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening....Transcript. MR OnlineThe capitalist solution to ‘save’ the Planet: make it an asset class & sell itJohn Bellamy Foster, Professor of Sociology at the University of...

It’s Wednesday, and so I have some shorter analysis on a range of matters today. First, some discussion of a technical paper from the US Federal Reserve researchers, which makes it clear they think that the interest rate hikes have a high probability of causing a recession. Second, we analyse some Russian data which suggests the sanctions are having the opposite effect to that intended. Third, I consider the stupidity of the new Australian government which is now falling into the ‘we have...

The oil market backwardation has narrowed over the past 3 days, but it's still historically high. This is bullish. 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/

The goal of this post is to chart the rise (and potential peak) of ‘capitalism’ … as I understand it. This caveat is key. To study a social system, we must first define it. To many people, capitalism is a ‘mode of production’ (a definition inherited from Marx). The view that I take here, however, is that capitalism is primarily an ideology — or what Jonathan Nitzan and Shimshon Bichler call a ‘mode of power’. Capitalism is a set of ideas that justify the modern social order....Economics from...

A Son of the New American RevolutionThe New Ukrainian Unicorn–The Million Man ArmyLarry 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/the-new-ukrainian-unicorn-the-million-man-army/Reminiscence of the FutureSpeaking of...

If there were dumb unqualified incompetent Art Degree people at the follow up meeting (I assume there won’t be but if there were) they would be advocating for just rebuilding the same thing and maybe it wouldn’t blow up again…Holy moly. Well, that was unexpected!https://t.co/dUUqw7ojRv pic.twitter.com/7IGztPuE12— Chris Bergin - NSF (@NASASpaceflight) July 11, 2022

Reminiscence of the FutureHa, Who Would Have Thought...Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/07/ha-who-would-have-thought.htmlMoon of AlabamaNYT Ground Report Debunks NYT Claim Of Strikes Against 'Ukraine’s Civilians'https://www.moonofalabama.org/2022/07/nyt-ground-report-debunks-nyt-claim-of-strikes-against-ukraines-civilians.htmlMR OnlineLukashenko’s prediction comes true–regime change comes to...

[embedded content]July 11 Headlines Worthy of ReviewAndrei 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...

Current U.S. European policies ensure the euro will continue to fall. Parity to USD and then below. 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/