Mike Norman Economics

Video, audio, and transcript.Too much focus on "Putin" in my view, but Wilkerson is always interesting to listen to. This is mostly about use of nukes.theanalysis.comUkraine and the Doomsday Machine – Larry Wilkerson and Paul Jay

Debunking Bloomberg with Fadhel KaboubThe LensNo, MMT Didn't Wreck Sri LankaStephanie 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 Sandershttps://stephaniekelton.substack.com/p/no-mmt-didnt-wreck-sri-lanka

 Title should be "Gas Pains"?Naked CapitalismGas Flares: Europe Has a Hissy, Flails About as Russia Imposes Gas Payment Countersanctions and Economies Already Feel Blowback BiteYves Smithhttps://www.nakedcapitalism.com/2022/04/gas-flares-europe-has-a-hissy-flails-about-as-russia-imposes-gas-payment-countersanctions-and-economies-already-feel-blowback-bite.html

The Vineyard of the SakerOpen thread for today and a few notes (the notes are of interest)Amarynthhttp://thesaker.is/open-thread-for-today-and-a-few-notes/Svetlana Picta interviews Yriy Podolyaka about Transnistria Conflict (video, English subtitles by The Saker translation team 14.23)http://thesaker.is/svetlana-picta-interviews-yriy-podolyaka-about-transnistria-conflict/Anatoliy Shariy – Embargo Failure video, English subtitles by The Saker translation team...

Britain’s MI5 has always maintained that the UK is just four meals from anarchy. So with fractured supply chains, rising costs and failing agricultural policy, how worried should the Brits, who are net importers of food, be about our national food security?Host, Ross Ashcroft, met up with Agricultural analyst, Michael Raw to discuss....Renegade, Inc.UK Food Security: A Fork In The RoadRoss Ashcroft intervews agricultural analyst Michael Raw

As [MMT] economists Yeva Nersisyan and L. Randall Wray of the nonpartisan Levy Economics Institute of Bard College conclude in a paper published this month ahead of the GDP report: “Most of the government’s income support has already disappeared, so going forward it is not an important contributor to demand in the economy.”The faucet has been turned off. Without all the extra money from Uncle Sam, U.S. households will have to live within their means once again. Demand will slow, and so too...

This article finishes off a sequence of articles on an ancient debate in economics: what limits bank lending? (Links to Part I, Part II.) My argument is that the usual ways of looking at this question are highly misleading. The mainstream Economics 101 description of banking is hopeless — and then heterodox critics got bogged down in attacking a hopeless description of banking. The key to understanding banking is that they are a financial firm that borrows to invest in assets (a “levered...

A Son of the New American RevolutionRussia Unable To Fight Another War After Catastrophic Military Losses?Larry 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...

The Vineyard of the SakerSitrep: Operation ZNightvisionhttp://thesaker.is/sitrep-operation-z-16/Reminiscence of the FutureMe Diving Into History.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/04/me-diving-into-history.htmlRussian and Eurasian PoliticsPutin’s War Decision and its ConsequencesGordon M. Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for...

[embedded content]Everything You Know About Ukraine Is WRONGBig Boyhttps://youtu.be/LL4eNy4FCs8