Mike Norman Economics

Much easier to understand by the monetarist morons figuratively as “they’re printin’ money!”…U.S. government securities clearing & settlement visualized pic.twitter.com/ngYUXHWpBu— Conks (@concodanomics) May 7, 2024

 Footsoldier posted this in the comments. I am promoting it to a post. So-called de-dollarization is envisioned to happen in two major steps stages each with many incremental iterations. The first stage stage is conducting bilateral trade in the currencies of the trading partners. This is already well advanced. However, this is not actual de-dollarization, which is the establishment of a competing monetary system with a goal of eventually replacing the USD as the primary global currency. No...

Atlanta Fed has second-quarter GDP growth at 4.1% 

Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. Randall Wray observes in this one-pager, Modern Money Theory has been providing answers to this question for some time; and, he argues, it is a topic that mainstream economists are ill-equipped to address, since very few concern themselves with the monetary operations that underlie the question of...

Stocks follow the economy, not the other way around. And stocks are not currently reflecting the slowdown in the economy, but they will. 

CPI nowcast for May reporting low:

She has a cockamamie scheme to boost the economy.

Tax deposits rise as the economy expands, slowing down economic growth. It acts like a brake.