Mike Norman Economics

Reminiscence of the FutureThey Tried Again...Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttps://smoothiex12.blogspot.com/2022/05/they-tried-again.htmlConsortium NewsThe New Iron CurtainPatrick Lawrencehttps://consortiumnews.com/2022/05/16/patrick-lawrence-the-new-iron-curtain/Vanessa Beeley SubstackBBC rewriting history in Syria for Global BritainVanessa Beeleyhttps://beeley.substack.com/p/bbc-rewriting-history-in-syria-forThe Maritime...

The Riksbank (central bank of Sweden) only sets the interest rate. And interest rates have no impact on the energy prices that are driving inflation today. But higher interest rates lead to higher unemployment and lower output – and that can push inflation even higher. But there are other ways to curb inflation, write Dirk Ehnts, Sten Grahn, Peo Hansen, Jussi Ora and Patrik Witkowsky....The Gower Initiative for Modern Money StudiesRaising interest rates is like blowing up the garden to weed...

This article is a short outline of what I see as the macroeconomic effects of a possible continuation of weakness in crypto financial markets. The direct effects would be small, although weakness in crypto is interleaved with the fortunes of the tech sector. It is certainly possible that all risk assets will be under pressure if the economic situation deteriorates, so crypto might be akin to the canary in the coal mine — a signal of other dangers.I end with a discussion of so-called “stable...

A Son of the New American RevolutionAzov Battalion Giving Up the Ghost in AvostalLarry 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/azov-battalion-giving-up-the-ghost-in-avostal/Moon of AlabamaUkraine - For Laughs (losing is...

[embedded content]Short and to the point. Transition from SMO to war coming soon as Russia rolls up Donbass while the US, UK and EU pour in weapons to arm a reconstituted Ukrainian military. When this happens, "you will understand what total war looks like.""Ukraine is gonna suffer horrific losses" - Scott RitterScott 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...

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...