Mike Norman Economics

More potential leisure.Zero HedgeFirst-Ever Fully-Autonomous Semi-Truck With No-Human On Board Traverses Arizona HighwayTyler Durden

Interesting tidbits on the history of economics and Wicksell's role if that is your thing. Wicksell was somewhat of a precursor of Post Keynesianism and MMT, although his view of money is not mentioned specifically in this article. In addition, he was an interesting fellow — a (non-Marxist) social activist, for example in contrast to the amoral stance of conventional economics "as a science."EconospeakPaul Samuelson On Knut WicksellJ. Barkley Rosser | Professor of Economics and Business...

Numbers and trends look bullish oil

Just before the holidays I wrote an article for Newsweek arguing that the official basis for Federal Reserve policy was at risk of coming unwound due to the present uptick in inflation. My basic argument was that the Fed and other central banks act as if they have some ‘objective’ criteria for setting interest rates while in the real world they are constantly worrying about upsetting financial markets. This leads them to the Catch-22 position today: should they raise rates to fight inflation...

Russia’s Deputy PM and top OPEC+ negotiator Alexander Novak explains in a recent interview why the group decided not to heed the U.S. call for more productionNovak: Oil production companies must plan their investments ahead of time in order to secure production growthNovak, like many observers, downplayed the effect of the SPR release…. OilpriceHere’s Why OPEC+ Didn’t Respond To U.S. Calls For More OilIrina SlavRelatedZero HedgeLNG Cargoes Enter Europe As British Power Bills To Remain High...

 I've cycled all my life, but other than my mates teaching me how to get it the hang of it, I've had no other training. When you you first cycle it's natural to just push down on the pedals, but years later I read about cadence and spinning. With this technique you go into a lower gear and pedal faster. Spinners tend to pull on the upstroke too, using their clipless padals, because as you are botted into the padal, you are able to pull up. All I can say is that I hated spinning and pulling...

As MMT shows the cost of credit is incorporated into the cost of all goods and services. The higher the interest rate, the higher the price....New WaylandThe Interest/Price SpiralNeil Whttps://new-wayland.com/blog/interest-price-spiral/  

How surprising is it, really, that those tasked with formulating policy miraculously come up with [climate] policies that barely touch themselves at all while falling most heavily on those who have practically no ability to effect the change notionally intended? And talk about undemocratic!…It's the super-consumers. And they are not about to change their lifestyle.  Glittering Eye The Real CulpritsDave Schuler

So many people focus on the Fed's balance sheet, causing them to draw spurious or more often, wrong conclusions about its meaning. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

 While Peter Radford doesn't mention MMT, his argument can read as a justification of MMT against the mainstream and a take down of mainstream propaganda based on conventional economics. Worth reading.The Radford Free PressConfusion ReignsPeter Radford http://www.radfordfreepress.com/?p=3350