Mike Norman Economics

Short summary of how government finance works as only Warren can state it.The Daily Caller — OpinionMOSLER: The Alarm Surrounding The National Debt Is MisguidedWarren Mosler

How to calculate surpluses, deficits, fiscal flows on a daily basis. Get the course. https://www.pitbulleconomics.com/daily-treasury-statement/

New Statesman (pivot to Asia on hold?)Ukraine crisis forces Biden to rethink foreign policy goals Emily Tamkinhttps://www.newstatesman.com/democracy/2022/01/ukraine-crisis-forces-biden-to-rethink-foreign-policy-goalsThe Vineyard of the Saker (staged false flag)Virtual Ukrainian invasion virtually imminent Lilia Shumkova for the Saker bloghttp://thesaker.is/virtual-ukrainian-invasion-virtually-imminent/How to break the Ukrainian trap? (false flag)Vladislav...

A major reason why Big Tech firms have achieved such scale and become the gatekeepers to entire markets is that they have been able to obscure most of their financial and operating data. There are obvious steps that regulators can take to close the reporting loopholes that the industry has been exploiting....Project SyndicateBig Tech Must Stop HidingMariana Mazzucato, Professor in the Economics of Innovation and Public Value at University College London and Founding Director of the UCL...

Rampant outsourcing, financialization, monopolization, deregulation, and just-in-time logistics are the culprits.Emphasizing efficiency (for increasing profit) over resilience (safety). American ProspectHow We Broke the Supply ChainDavid Dayen, Rakeen Mabudhttps://prospect.org/economy/how-we-broke-the-supply-chain-intro/#new_tab

One of my long-running sources of rants is the inability of economics and financial commentators to come to grips with the basics of Treasury valuation. Rate expectations is a relatively simple concept that is the core of all modern fixed income pricing frameworks. Hellfire, it’s even embedded into DSGE models. Nevertheless, academics and other sophisticated commentators keep attempting to put lipstick on the pigs that are alternative explanations for the secular decline in Treasury...

When I first came up with the idea of a buffer stock employment approach to maintain full employment and discipline the inflationary process (back in 1978), the literature on guaranteed incomes was still in its infancy. The idea of a basic income guarantee was still mostly constructed within the framework Milton Friedman had laid out in his negative income tax approach, which I first came across when reading his 1962 book Capitalism and Freedom, while I was an undergraduate. I wasn’t taken...

One World (no bases in the works)Analyzing The Media Hype About Alleged Russian Bases In Latin AmericaAndrew Korybkohttp://oneworld.press/?module=articles&action=view&id=2443Sputnik International (going there)US Conducts Nuclear Weapons Use War Games Amid Continuing Tensions With Russia Over Ukrainehttps://sputniknews.com/20220130/us-conducts-nuclear-weapons-use-war-games-amid-continuing-tensions-with-russia-over-ukraine-1092625158.htmlTASSUkraine deploys special operations forces to...

AntiWarRussia and the Collective West: What Comes Next? (Russia keeps them guessing. Nerves cracking.)Gilbert Doctorowhttps://www.antiwar.com/blog/2022/01/30/russia-and-the-collective-west-what-comes-next/India Punchline ("If you are not with us, you are against us.")US reminds India it’s showtimeM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.antiwar.com/blog/2022/01/30/russia-and-the-collective-west-what-comes-next/RT (there are no such plans. Russia has not...

IrrussianalityAnd They Complain About Russian Disinformation!Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawahttps://irrussianality.wordpress.com/2022/01/29/and-they-complain-about-russian-disinformation/The Vineyard of the SakerThe Great Western Wall vs Snow NiggersThe SakerThe Unz ReviewIs Washington Under Alien Control?Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director...