Mike Norman Economics

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

Sputnik InternationalUS LNG Cargoes to Europe Jumped by a Third Over Christmas Weekend - Reportshttps://sputniknews.com/20211227/us-lng-cargoes-to-europe-jumped-by-a-third-over-christmas-weekend---reports-1091846306.htmlUkraine’s Former Prime Minister Reveals ‘European’ Gas Kiev Has Been Buying is Actually Russianhttps://sputniknews.com/20211227/ukraines-former-prime-minister-reveals-european-gas-kiev-has-been-buying-is-actually-russian-1091840512.htmlUK Reportedly Has 'Exit Strategy' for...

I keep saying it...supportive fiscal. Market is now on cruise control to higher levels. 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/

Neil Wilson explains how the economy can work for the benefit of the people; how it can be the servant of society rather than its master. Originally published on Neil’s New Wayland blog on 16 May 2017.Oldie but goodie resurrected by Gower today.The Gower Initiative for Modern Money StudiesRunning a Modern Money EconomyNeil Wilsonhttps://gimms.org.uk/2021/12/26/running-a-modern-money-economy/

In the last few years in the U.S. and especially since the publication of Stephanie Kelton’s book, The Deficit Myth (Kelton, 2020) in Europe, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This paper exposes the main proposals of MMT in the light of their doctrinal sources, also confronting them with economic facts and with other currents of economic thought. The first part deals with the approach to money and monetary policy developed by...