Mike Norman Economics
Neurotic over a 25 or 50 bps cut.
Read More »Monetarist neurosis on full display.
The 20 EMU Member States are not currency issuers in the MMT sense — Bill Mitchell
For some years now (since the pandemic), I have been receiving E-mails from those interested in the Eurozone telling me that the analysis I presented in my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015) – was redundant because the European Commission and the ECB had embraced and was committed to Modern Monetary Theory (MMT) so there was no longer a basis for a critique along the lines I presented. I keep seeing that claim repeated and apparently it...
Read More »(II) Xu Gao’s case for Beijing to spend — Yuxuan JIA and BU, Xiaoqing
Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School of Development (NSD) at Peking University, has been featured on The East is Read several times.On August 19, 2024, Xu published a new essay on his personal WeChat blog 徐高经济观察 Xu Gao Economic Observation. This long essay, essentially making a case for Beijing to adopt stimulus measures, will be rolled out in three parts.Amid cautious signals from the...
Read More »Trump to roll out DeFi project this week
Looks like Trump going to start a crypto exchange and a USD stable coin… ?.@WorldLibertyFi is helmed by @realdonaldtrump's sons, @EricTrump and @DonaldJTrumpJr and the 18-year-old Barron Trump is the project's "DeFi visionary.” https://t.co/PSKhQWyQKu— CoinDesk (@CoinDesk) September 13, 2024
Read More »Monetarist’s prayers will be answered next week.
Surprises are coming.
Read More »U.S. U.K. to launch missiles deep into Russia.
Insanity on steroids.
Read More »A somber day. And monetarist hysteria on display again.
23 years ago today. 9/11.
Read More »Xu Gao’s case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing
MMT without naming it.Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School of Development (NSD) at Peking University, has been featured on The East is Read several times.On August 19, 2024, Xu published a new essay on his personal WeChat blog 徐高经济观察 Xu Gao Economic Observation. This long essay, essentially making a case for Beijing to adopt stimulus measures, will be rolled out in three parts.Amid...
Read More »What happened to oil?
Are we about to experience a crash in oil prices? 
Read More »Wholesale Payments Systems and Bank Reserves — Brian Romanchuk
Some of the nity-gritty involving payments systems that underlies some institutional arrangement needed to understand MMT's analysis.Bond EconomicsWholesale Payments Systems and Bank ReservesBrian Romanchuk
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