Mike Norman Economics

For the record. I'll let MMT professionals respond, if they care to. But it is not framed in a way that calls for a response. It's Twitterish. So don't wait for it.Angry BearEzra Klein on MMTRobert Waldmannhttps://angrybearblog.com/2022/02/ezra-klein-on-mmt

Record US trade deficit means record holdings of USD by foreigners. So, Treasuries are logical.

Gilbert Doctorow — International relations, Russian affairs (important)The fatigue factor: the ongoing marathon of European diplomacy is a useless distractionGilbert Doctorowhttps://gilbertdoctorow.com/2022/02/08/the-fatigue-factor-the-ongoing-marathon-of-european-diplomacy-is-a-useless-distraction/RT Germany an ‘occupied state’ – Russiahttp://www.econmatters.com/2022/02/fannie-mae-survey-bad-time-to-buy-home.htmlAmericans have ‘lost touch with reality’ –...

 This debate looks good, but they normally want you to take out a subscription, so I won't be able to view it, but maybe one day it will free on YouTube. The Chinese communist/ markets system fits in well with ancient tradition. And in Europe, because of WW2, European governments nationalized a lot of their industries too, believing it strengthened the country during war. In the UK, the NHS was backed by many conservatives, because they believed it would improve the health and fighting...

The ECB backstop in a rising rate environmentMacrocosmThe return of the PIIGS?Philip Pilkingtonhttps://macrocosm.substack.com/p/the-return-of-the-piigs

It’s Wednesday and I am working on other things today, which need finishing. But today we saw once again why the Australian Labor Party is a disappointment. They regularly frame the economic debate in neoliberal terms, which make it harder to break out of the mainstream narratives. But, today, they even go social policy wrong and will support legislation that allows religious organisations (schools etc) to discriminate against gays and trans people under the platform of ‘religious freedom’....

The world starts to wake up.Strategic Culture Foundation“Do You Want a War Between Russia and NATO?”Pepe EscobarTom DispatchRajan Menon, War with Russia?https://tomdispatch.com/how-did-we-get-here/Jack Rasmus10 Reasons Why the US May Want Russia to Invade Ukrainehttps://jackrasmus.com/2022/02/07/10-reasons-why-the-us-wants-russia-to-invade-ukraine-print/Popular ResistanceRussia, Ukraine And The US: The Background They’re Not Telling YouPhil...

[embedded content]Europe Waking Up?Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.

Misleading headline, since the institutional basis of MMT is a general description of the current monetary system, so there is no question of "trying" MMT. The theoretical aspect of MMT outlines the fiscal space available for policy options, and various MMT economists have put forward sets of policy options. Stephanie Kelton has been a political advisor to various Democratic politicians. MMT itself is politically neutral although it assumes that full employment is an aspect of...

February is usually the biggest gov't spending month, with a quarterly interest payment and the most IRS tax refunds. Stocks and risk assets should benefit.