Mike Norman Economics

Compared to the mainstream attention that Modern Monetary Theory (MMT) is receiving in the United States, it has been met with a more muted reception north of the border, particularly on the left. This is partially due to the perception that MMT is mostly concerned with disproving the need for taxes and that its promises of money for nothing are fundamentally dangerous. But this dismissive perception ignores MMT’s underlying theory and downplays its unique democratic and progressive...

After surging 500% over the past year, lithium prices have continued their meteoric rise in China.Mining.com’s EV Battery Metals index has quadrupled since May 2020.Greenflation, is increasing the costs of setting up new green power projects, which could slow down the pace of the transition.OilpriceThe Consequences Of A 500% Rally In Lithium Priceshttps://oilprice.com/Energy/Energy-General/The-Consequences-Of-A-500-Rally-In-Lithium-Prices.htmlAlso at OilpriceChina has been attempting to...

Historical backgrounder and good analysis of the current situation and its likely trajectory, including economic analysis. Lots os necessary information to understand the current geopolitical and geo-economic situation and its likely development.Covert Action MagazineAfter Failed Talks, Russia Will Likely Target Persian GulfAlex Krainerhttps://covertactionmagazine.com/2022/02/01/after-failed-talks-russia-will-likely-target-persian-gulf/

Gov't is basically running a balanced budget. That doesn't seem enough to keep an economic expansion going. Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/daily-treasury-statement/

The Federal Reserve’s acquisition of $4.4 trillion of bonds since February 2020 more than doubled the size of its balance sheet. Meanwhile, commercial banks’ balance sheets expanded by about $4.2 trillion in aggregate. Despite similar expansions, links between the Fed’s and the banking system’s balance sheets are complex.This blog post, the first in a two-part series, describes how banks have accommodated the very large involuntary increase in their Fed reserve balances that corresponds to...

This week in Say More, PS talks with Angela Huyue Zhang, Director of the Center for Chinese Law at the University of Hong Kong and the author of Chinese Antitrust Exceptionalism: How the Rise of China Challenges Global Regulation.Project SyndicateAngela Huyue Zhang Says More…Interview with Angela Huyue Zhang, a law professor, is Director of the Center for Chinese Law at the University of Hong Kong

 The underlying issue is this: NATO promised not to expand eastwards. It has done so repeatedly. It is never called out for this.In a stunning and unexpected outburst this week, Ukrainian President Volodymyr Zelensky told the press that his country’s current problems came from the West rather than the East.Press stunned as Ukraine leader points finger at West, By Nury Vittachi

An article discussing how US planners sparked the 2011 anti-government protests in Syria. CREATIVE CHAOS: HOW U.S. PLANNERS SPARKED THE ANTI-GOVERNMENT PROTESTS OF THE SO-CALLED ARAB SPRING IN Syria, by William Van Wagenen/

[embedded content]The libertarians hardly care about liberty.  https://youtu.be/SPXrswH-iUA

The UK Office of National Statistics released a new dataset last week (January 28, 2022) – CPI-consistent inflation rate estimates for UK household groups (plutocratic weighting) – which resumes its analysis of the differential impacts of price rises on different cohorts in the population. Other national statistical agencies have also been doing for some years now. For example, the Australian Bureau of Statistics regularly publishes its – Selected Living Cost Indexes, Australia (last edition...