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Mike Norman Economics

Bill Mitchell — We should celebrate the ‘work from home’ phenomenon

My topic today is the issue of the ‘work from home’ phenomenon, which is one of the better things Covid has produced. I explain why. But I also realise a lot of commentators view the phenomenon negatively. Some on the Left allege it just means the ‘woke’ class have abandoned the low-paid workers to Covid, while those on the Right are aghast because they realise that, at least, some workers have more ‘control’ over their working lives. My view is that we should celebrate the fact that some...

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Stock market pessimists’ frustration was overflowing today.

The bears were beside themselves with frustration today. All they wanted was for Powell to crash the market. It didn't happen. 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/

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Links — 27 July 2022 Part 2

Reminiscence of the Future[Gerhard] Schroeder Goes To Moscow And Other Items.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/07/schroeder-goes-to-moscow-and-other-items.htmlIndia PunchlineRussia’s Vostok 2022 has big messagesM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/russias-vostok-2022-has-big-messages/CaitlinJohnstone.comThe...

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Tax and modern monetary theory: my talk at the MMT Summer Seminar — Richard Murphy

 I gave this talk a few weeks ago and it has now been released on Youtube:Tax Research UKTax and modern monetary theory: my talk at the MMT Summer SeminarRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forumhttps://www.taxresearch.org.uk/Blog/2022/07/27/tax-and-modern-monetary-theory-my-talk-at-the-mmt-summer-seminar/

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Links — 27 July 2022 Part 1

Naked CapitalismThe End of Cheap Russian Gas: Turning the Lights Out in EuropeYves Smithhttps://www.nakedcapitalism.com/2022/07/the-end-of-cheap-russian-gas-turning-the-lights-out-in-europe.htmlDances with BearsGORILLA RADIO ASKS: WILL THE WAR IN EUROPE END IN GERMANY AGAIN, LIKE 1945?John Helmerhttp://johnhelmer.net/gorilla-radio-asks-will-the-war-in-europe-end-in-germany-again-like-1945/The Unz ReviewThe All-American Lie FactoryPhilip Giraldi, former CIA counter-terrorism specialist and...

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Fed “out of money!”?

WSJ op-ed by Art degree monetarist former Fed nominee Shelton wondering where the Fed is going to “get the money!” to pay the IOR and RRP interest…This could be the start of the political shitstorm over this topic we’ve been looking for here at MNE for quite a while now…this could be right from Mikes stuff: “The tricky situation the Fed now faces is that its own net interest income—$116.8 billion in 2021, of which 93% was remitted to the Treasury—will soon be exhausted by the higher interest...

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My Keynote from the Recent Levy Summer Seminar — Stephanie Kelton

As many of you know, I recently spoke at the Levy Economics Institute’s Summer Seminar on MMT, Minsky and Godley. All of the videos are now available, including my opening keynote…. The LensMy Keynote from the Recent Levy Summer SeminarStephanie 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...

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WSJ OpEd exposes what I’ve been telling you for so long.

Fed about to run negative cash flow with its rate hikes. Economists finally catching on. I've been saying this for at least 6 years. (*Note: I misspoke in the video. I said reserves were $6 bln. I meant to say, $6T.) 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/

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Links — 26 July 2022 Part 1

The Vineyard of the SakerSitrep Operation Z: collapses and progressThe Saker Staffhttp://thesaker.is/sitrep-operation-z-collapses-and-progress/1945Does Economic Pain Mean NATO and the West Cut Ukraine Loose? (To me, this is the most likely scenario. By way of criticism, it also appears that Lt. Col. Davis is significantly underestimating Russian capability and resolve, as are most Americans who are analyzing the situation.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military...

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Fed week, rate hike, Q2 GDP and Big Tech earnings!

Get ready for lots of volatility, but something is happening that will lend bullish support. 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/

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