Mike Norman Economics

Kelton quote. See also the comment by larrykaz.Lars P. Syll’s BlogMMT and the pandemic inflationLars P. Syll | Professor, Malmo University

I don't usually post links to videos that lack transcripts but this is worth watching. The DW interview with Col. Wilkerson is about twelve minutes.Ray McGovernMUST SEE: Larry Wilkerson on Putin, Ukraine, US Oligarch/ProfiteersRay McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch^

Decoupling the US economy from China sounds like a good idea to Americans who blame the Asian giant for the massive loss of US factory jobs during the past 20 years.The trouble is that the US imports most of its capital goods, so it would have to import more capital goods for years—including from China—in order to reduce its dependence on China in the long term....Caught between a rock and a hard place. Psst. Systems awareness.Asia TimesUS can’t decouple from China without China’s helpDavid...

The New Monetary Policy is a major step in laying out an alternative to the orthodox policy consensus — and I look forward to producing more work in the future that fleshes out that alternative even more....Notes on the CrisesNew Report: Monetary Policy Without Interest Rate HikesNathan Tankus

Russia is already turning up the heat, putting the US on its back foot (which the US never saw coming).Strategic Culture FoundationTurmoil Will Continue Until a Modified Global Order EmergesAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacyhttps://www.strategic-culture.org/news/2022/02/07/turmoil-will-continue-until-modified-global-order-emerges/relatedGermany is not excited...

“I’ve been doing this 30 years and I’ve never seen markets like this,” Currie told Bloomberg TV in an interview on Monday. “This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it,”OilpriceGoldman Sachs Sees Shortage On All Commodity MarketsTsvetana Paraskova

Doesn't mention MMT, but it is about policy space of a currency sovereign. Short.However, there are limits that Peter May could be ignoring, like needing foreign currency to pay for food importation.Progressive PulseHow currency creation could – and ought to prevent starvation [in Afghanistan]Peter May

 I'll add my two-cents. I am not an economist but I think I understand something about how systems work. Usually, I would disregard the excuse of conventional economist about exogenous shocks being beyoind the scope of the assumptions of their modeling to handle. But here we see a classic case of an exogenous shock, a global pandemic, leading to uncertainty. No economist would claim to be able to model the progress or outcomes of such a situation.The very simple, perhaps simplistic answer to...

Not bad article. Stephanie Kelton featured. Short.Pharmaceutical TechnologyMacro View: MMT advocates supporting big spendinghttps://www.pharmaceutical-technology.com/comment/macro-mmt-advocates-supporting-big-spending/

February is seasonally a BIG fiscal month. Markets will bounce.