Mike Norman Economics

[embedded content]Favorite term: "idiocracy."Reminiscence of the FutureUkraine and World March 16Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the...

This is as I expected. Rate hikes have already been priced in. And many don't understand what rate adjustments are. Too much myth and misunderstanding surrounding monetary policy.

Internationalist 360ºUnder the Wolfsangel: The Truth about Radical Ideologies in Ukraine (detailed)Olga Sukharevskaya, Ukrainian-born ex-diplomat, jurist, and author based in Moscowhttps://libya360.wordpress.com/2022/03/16/under-the-wolfsangel-the-truth-about-radical-ideologies-in-ukraine/The Vineyard of the SakerRussian special military operation in the Ukraine – Day 20The Sakerhttp://thesaker.is/russian-special-military-operation-in-the-ukraine-day-20/Dances with BearsWHAT JOSEPH STALIN...

This was linked to in the Links post earlier but it is worth promoting since the author understands the basics of MMT about currency sovereignty.The Vineyard of the SakerWhat happened to Russia’s gold and foreign currency reserves? Will there be a default?https://vc.ru/finance/379827-kuda-delis-rossiyskie-zolotovalyutnye-rezervy-i-budet-li-defolt (Russian)translated by the Saker Translation...

John Mearsheimer says that the Ukraine should jettison the US, unless they want their country wrecked. 'Rights' are all very nice, says Mearsheimer, but you need to be realistic if you want to save your country. In this video on Russia Ukraine War, John J. Mearsheimer explains what should Ukraine do realistically. He also gives his view that whether economic sanctions on Russia by the West will cause Russia to back down or not. He also explains that the issue of human rights and law in the...

CaitlinJohnstone.comThe Huge Gap Between How Serious Nuclear War Is And How Seriously It’s Being Takenhttps://caitlinjohnstone.com/2022/03/16/the-huge-gap-between-how-serious-nuclear-war-is-and-how-seriously-its-being-taken/Watch Russell Brand Read From A Couple Of My Articleshttps://caitlinjohnstone.com/2022/03/16/watch-russell-brand-read-from-a-couple-of-my-articles/Caitlin JohnstoneA Son of American RevolutionariesTHE AMERICAN AND BRITISH DELUSION–RUSSIA MAY ONLY HAVE 14 DAYSLarry...

The title means the end of the dollar as the dominant reserve currency used in international trade and central bank financial saving used in settlement of balance of payment.Godfree Roberts reflects conventional thinking about this. But from the MMT pov, having the dominant reserve currency is a liability more than an asset, since the country with a dominant reserve currency has to provide enough savings for the rest of the world to settle international accounts. This means that the country...

It was a long time coming, but finally some key lineaments of the multipolar world’s new foundations are being revealed.On Friday, after a videoconference meeting, the Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system. The EAEU consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, is establishing free trade deals with other Eurasian nations, and is progressively interconnecting with the Chinese...

The Vineyard of the SakerRussian special military operation in the Ukraine – Day 19The Sakerhttp://thesaker.is/russian-special-military-operation-in-the-ukraine-day-19/MintPressNewsBehind the Azov-Brazil Connection: How Neo-Nazis Are Pushing to “Ukrainize” BrazilBrian Meierhttps://www.mintpressnews.com/azov-brazil-connection-neo-nazis-pushing-ukraine/279943/bne IntelliNewsMetals conspicuously absent from expanded western sanctions...

I have very little time today but there was one question I get asked on a regular basis that I thought I would this space to quickly answer. People wonder who the participation rate affects the official measure of unemployment. For example, the UK Office of National Statistics released data yesterday (March 15, 2022) – Labour market overview, UK: March 2022 – which showed the official unemployment rate had fallen to 3.9 per cent – a decline of 0.2 points. They said this was the result of...