Mike Norman Economics

This paper argues that in reserve currency issuing economies at the effective lower bound, outright transfers from the central bank to households are both more equitable and more effective in achieving monetary policy objectives than asset purchases or negative interest rates. It shows that concerns pertaining to central banks’ policy solvency and equity position can be addressed through a careful assessment of a central bank's loss absorbing capacity and, if need be, tiered reserve...

Net gov't spending is positive once again. It took a month and some brutal stock selling, but the worst is over. Flows are coming back. 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/

Moon of AlabamaBritish Info-Warriors Kill Abroad And Sabotage Politics At Homehttps://www.moonofalabama.org/2022/05/british-info-warriors-kill-abroad-and-sabotage-politics-at-home.htmlThe GrayzoneOperation Surprise: leaked emails expose secret intelligence coup to install Boris JohnsonKt Klarenberghttps://thegrayzone.com/2022/05/15/operation-leaked-emails-intelligence-coup-boris-johnson/AntiwarNuclear War Over Ukraine? A Talk By Ray McGovern (video)Veterans for...

Some philosophy of economics. While it is not directly related to MMT or understanding MMT, it provides background into the historical context in which this debate is being conducted.The Political Economy of DevelopmentWhat I am reading right now. And why.Nick Johnson

Australia is in the last week of a federal election campaign, which has been marked by a disturbing absence of any policy vision by either main party which might address the most important issues confronting society and our land. Hopefully, the conservatives will get their marching orders this coming weekend (I have scheduled a rare glass of champagne around 22:00 on Saturday, when the result should be known) and the worst government in my lifetime will be gone. The problem is the Labor...

CaitlinJohnstone.comPentagon-Funded Think Tank Simulates War With China On NBCCaitlin Johnstonehttps://caitlinjohnstone.com/2022/05/16/pentagon-funded-think-tank-simulates-war-with-china-on-nbc/  International 360ºThe Cult of Russian VictoryDmitry Orlov, Russian-American engineer and writer who is the author of such books as “Reinventing Collapse: the Soviet Example and American Perspectives” (2008) “The Five Stages of Collapse” (2013), and "The Arctic Fox Cometh"...

Introducing Michael Hudson's new book.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Destiny of CivilizationMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

[embedded content]Some Headlines For May 15Andrei 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 Laboratory...

[embedded content]SATURDAY MORNING LIVE WITH SCOTT RITTER AND RAY MCGOVERNGarland Nixon interviews Scott Ritter and Ray McGovernhttps://youtu.be/m4SlSILtlpc

A Son of the New American RevolutionThe Art of Disinformation–Western Lies About the War in Ukraine (Add lies about Ukraine to all the other lies. The conventional narrative is now so constructed out of lies that it bears little resemblance to reality. The purpose is to shape reality to the narrative through gaslighting the rubes. and bullying allies to go along.)Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating...