Mike Norman Economics

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

Moon of AlabamaUkraine Bits: Russian Artillery - Counter Attacks - New Missile Systemshttps://www.moonofalabama.org/2022/05/ukraine-arty.htmlThe Vineyard of the SakerLavrov x twoAmarynth for the Saker Bloghttp://thesaker.is/lavrov-x-two/MR OnlineEight years ago in Odessa (commemorating the Odessa massacre)Editorshttps://mronline.org/2022/05/30/eight-years-ago-in-odessa/Angry BearAn Army of All-American Paramilitary Death-Squad SoloistsSandwichman (Tom...

Consortium NewsSCOTT RITTER: Phase Three in UkraineScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons inspectorhttps://consortiumnews.com/2022/05/30/scott-ritter-phase-three-in-ukraine/Reminiscence of the FutureBernhard Did An Excellent Write-up.https://smoothiex12.blogspot.com/2022/05/bernhard-did-excellent-write-up.htmlThe...

People freaking out over quantitative tightening because they don't really understand what it is or, its effects. 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 structure of financial markets is influenced by imbalances between how lenders would like to lend, and borrowers would like to borrow. The economist community often refers to “maturity transformation,” but this formulation is too vague to be useful. Instead, we need to look at a few axes of disagreement.The structure of banks to a certain extent bridge these mismatches, which explains why they are the centre of financial markets. However, non-bank financial instruments can be structured...

Reminiscence of the FutureGerman General Has An Opinion. So Does Russian General--They Are Close.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/05/german-general-has-opinion-so-does.htmlCaitlinJohnstone.comTen Times Empire Managers Showed Us That They Want To Control Our Thoughtshttps://caitlinjohnstone.com/2022/05/29/ten-times-empire-managers-showed-us-that-they-want-to-control-our-thoughts/India...