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Mike Norman Economics

Eviction ban rollback didn’t result in ‘vast wave’ of filings, says Larry Summers

Fox Business editorially congruent with Larry Summers view on government policy of throwing people out of their housing during unprecedented COVID chaos…And Summers has Biden’s ear on administration economic policy…Prediction 2022: The left is going to have to increasingly go over to the Trump+ thing to get their views published…Eviction ban rollback didn't result in 'vast wave' of filings, says Larry Summers https://t.co/aNC22BQMno— FOX Business (@FoxBusiness) January 1, 2022

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Biden’s Agenda Is on Its Death Bed Because the Interests of the Rich and Poor Are Irreconcilable — Branko Marcetic

Joe Biden’s rationale for his own presidency was that he could bring oligarchs and working people together and hammer out a compromise that worked for both. The apparent death of his legislative agenda proves what a laughable fantasy that was....JacobinBiden’s Agenda Is on Its Death Bed Because the Interests of the Rich and Poor Are IrreconcilableBranko Marcetichttps://jacobinmag.com/2021/12/bbb-infrastructure-business-manchin-sinema-democrats/

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Links — 29 Dec 2021

Consortium NewsPATRICK LAWRENCE: Putin Speakshttps://consortiumnews.com/2021/12/28/patrick-lawrence-putin-speaks/TASSFirst S-550 air defense systems enter service in Russia — [anonymous] sourcehttps://tass.com/defense/1382133Reminiscence of the FutureOK, This Is An Official WOW!!Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2021/12/ok-this-is-official-wow.htmlWar On The RocksSTRATEGIC AMBIGUITY AND THE RISK OF WAR...

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Mental Models for What Government Does With Our Money | Mind Matters — Jonathan Bartlett

Nice try from the angle of mental models, but totally wrong about the MMT mental model. No indication that the author has read Stephanie Kelton's The Deficit Myth, aand if he did, he missed the point — it's about availability of real resources and the rest is accounting. The accounting, or failure to understand it, can obscure where currency comes from (issuance, which he realizes), how it is produced and distributed through the central bank, and how fiscal operations including taxation and...

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