Mike Norman Economics

The victory of Boric could open up a new chapter is Chile’s political economy. Indeed, there are huge opportunities for the Chilean economy to increase investment and diversify the economy. The IMF finds that even under the previous regimes there has been some development in non-mineral and technology exports. This must be the way for Chile to go.So will Boric revive the socialist experiment began by Salvador Allende in the early 1970s? So far, that seems unlikely, as Boric’s program is...

Not in paradigm with MMT, but that is a small point in the overall article, which is about de-dollarization as the US increasingly uses finance as a weapon in economic warfare.RT (Russian state-sponsored media)China & Russia are ready to end US dominance of global financehttps://www.rt.com/russia/543537-us-world-bank-role-lose/

Russia’s ultimatum to the WestThe Vineyard of the SakerRussia’s ultimatum to the WestThe Sakerhttp://thesaker.is/russias-ultimatum-to-the-west/Eurasia ReviewUS Senator: Russia Trying To Create ‘Pretext For War’ By Making Impossible-To-Accept Demands From US, NATORadio Free Europe/Radio Libertyhttps://www.eurasiareview.com/20122021-us-senator-russia-trying-to-create-pretext-for-war-by-making-impossible-to-accept-demands-from-us-nato/TASSAny NATO’s expansion adds to its own vulnerability -...

Extract from a long interview with Warren Mosler held in Mallorca on October 14, 2021. Originally published by Red MMT in both English and SpanishThe Gower Initiative for Modern Money StudiesRendezvous in Mallorca: a conversation with Warren MoslerStuart Medina Miltimore

 A worthy choice. Amartya Sen, currently Thomas W. Lamont University Professor, and Professor of Economics and Philosophy at Harvard University. He formerly served as Master of Trinity College at the University of Cambridge. He was awarded the Nobel Memorial Prize in Economic Sciences[ in 1998 and India's Bharat Ratna in 1999 for his work in welfare economics. The German Publishers and Booksellers Association awarded him the 2020 Peace Prize of the German Book Trade for his pioneering...

Russia ObserverAMERICANS NEED A CONSPIRACY THEORY THEY CAN ALL AGREE ONPatrick Armstrong, retired analyst and diplomat (2008) serving in the Canadian Department of National Defence specializing in the USSR/Russia from 1984 and a Counsellor in the Canadian Embassy in Moscow in 1993-1996.https://patrickarmstrong.ca/2021/12/18/3914/India PunchlineA Sino-Russian military alliance is gratuitous (as of now)M. K. Bhadrakumar | retired diplomat with the Indian Foreign...

Great speech by Teddy Roosevelt that we all need to take to heart.

This is an old debate begun by the opposition between Warren Mosler and Wynne Godley. The former dismissed the crucial importance of the international position/balance of payment that Wynne Godley held.Turkey is addressing its trade balance by increasing military exports while sticking with low rates on the assumption that raising the interest rate is a price increase that is passed through the economy. This can still be correct even if the international position/BoP is also a significant...

China and the Myanmar junta agree to use yuan in cross-border trade, evading the USD-dominated system. China and Russia recently made a similar agreement. De-dollarization expands its reach as a result of sanctions.Additionally, Brian Berletic presents the Myanmar situation from a different POV politically and geopolitically.NEOChina Rescues Myanmar From Dangerous Dollar-Dominated WatersBrian BerleticRelated at NEOThe western elites have finally pushed China and Russia too far. A long...

This document is in six sections.The first is from ColonelCassad and is a machine translation. This would form a necessary overview and is a description of the current situation.The second is Russian Deputy FM Ryabkov’s special video briefing in Moscow and contains some incisive Q&AThe third is a short press releaseThe fourth is a proposed draft treaty between the Russian Federation and the United States of America on security guaranteesThe fifth is a cohesive complement to the draft...