Mike Norman Economics

Moon of AlabamaRussia Has Launched Phase Two Of Its Operation In Ukrainehttps://www.moonofalabama.org/2022/04/russia-has-launched-phase-two-of-its-operation-in-ukraine.htmlIndia PunchlineRussia pushes back western sanctions, revs up operation in Eastern UkraineM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/russia-pushes-back-western-sanctions-revs-up-operation-in-eastern-ukraine/Reminiscence of the FutureScott and...

This article was triggered by some discussions I ran into on Twitter. My belief is that the economics literature on banking (with some exceptions) is a failure. From the perspective of advancing knowledge, the best course of action would be to ritually burn the literature, and start over from scratch.(Note: due to the length of this discussion, I am breaking it into (at least) two parts. This first part gives an overview, then turns to the analysis of individual banks.)The core of the...

A link to John Helmer's post was provided here at MNE yesterday. It is posted to Naked Capitalism today, prefaced with Yves' comments, which are worth reading. So is Helmer's article if you didn't catch it yesterday."Combined Biden" is banking on the economic war along with proxy war to bring down Russia instead of directly involving the US and NATO in kinetic warfare, which neither the American or European public are ready for, owing to the cost, and which neither the US or NATO militaries...

 Dirk Ehnts quote and comment on it by Lars.It doesn't get much clearer than this. Can the conventional economists understand it though, considering the baggage they bring? Simply put, they do not start that the beginning so it is no wonder they get lost on the way with their "axiomatic" deductive approach instead of a balance sheet approach.Lars P. Syll’s BlogThe main insight of MMTLars P. Syll | Professor, Malmo University

Last week, the New York Times published the latest Paul Krugman article on inflation (which is behind its paywall). It is syndicated elsewhere and you can access it here at The Berkshire Eagle (April 13, 2022) – Paul Krugman: Inflation is about to come down — but don’t get too excited. I wondered whether the author had offered his services cheaper to the NYTs and elsewhere given his concern for inflation, and, apparently, his assertion that wages are a critical factor in sustaining it. What...

You just have to take a moment and look at how stupid these people really are…In any ratio, how can a reduction in the denominator that increases said ratio be “counter intuitive!”?These moron people literally think that an increase in a denominator increases a ratio…  this is like when you are trying to teach kids fractions and their first inclination is that 1/8th is larger than 1/4th because they see the 8 and the 4 and know that 8 > 4…  This is applied 8th grade algebra… no Calculus...

The Vineyard of the SakerSitrep: Operation ZNightvisionhttp://thesaker.is/sitrep-operation-z-11/Moon of AlabamaThe Ukraine Is Still Losing So What Is Its Plan?https://www.moonofalabama.org/2022/04/the-ukraine-is-still-losing-so-what-is-its-plan.htmlReminiscence of the FutureIt Is Only Natural...Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/04/it-is-only-natural.htmlGilbert Doctorow — International relations,...

NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in.

I wonder who thought that clause up. Prescient.New WaylandThe Russian Rouble Get Out ClauseNeil Whttps://new-wayland.com/blog/rouble-get-out-clause/

The Vineyard of the SakerSitrep: Zone BAmarynth for the Saker Bloghttp://thesaker.is/sitrep-zone-b/Serbs pressing on with pro-Russian stanceKiyoshi Hatanaka for the Saker Bloghttp://thesaker.is/serbs-pressing-on-with-pro-russian-stance/Russian and Eurasian PoliticsTHE IRAQ SCENARIO: The Specter of Ukrainian Instability and ChaosGordon M. Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS),...