Mike Norman Economics

Uh oh Trump warning against danger in crypto and advocating for simple USD use:DONALD TRUMP’s Opinion on Cryptocurrency Crypto is very dangerous, It could be an explosion some day that we’ve never seen before.Currency should be the Dollar 💵 Mr. President 🇺🇸 pic.twitter.com/VEhwyLEu2x— Abdullah Alyami (@_Abdullah911) December 23, 2021 Meanwhile Bannon shilling a new “FJBcoin” to MAGA audiences:Steve Bannon is spending the holidays pushing another grift. This time, it’s the “FJB coin…it’s...

Gilbert Doctorow — International relations, Russian affairsVladimir Putin’s Annual Press Conference, 23 December 2021Gilbert Doctorowhttps://gilbertdoctorow.com/2021/12/23/vladimir-putins-annual-press-conference-23-december-2021/Zero Hedge (clickbait headline-it's China- but a pretty good article)Putin Names Russia's "Number One Partner" At Year-End Press ConferenceTyler Durdenhttps://www.zerohedge.com/geopolitical/putin-names-russias-number-one-partner-year-end-press-conferenceNew Satellite...

Book review.Dissident VoiceA New Path for Economics—Steve Keen’s The New Economics: A ManifestoShimshon Bichler and Jonathan Nitzan

Like I have been saying, conditions are benign (positive) for the economy and stocks. 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/

Strategic Culture Foundation (the gas goes to China rather than Europe)Exit Nord Stream 2, Enter Power of Siberia 2 — Strategic CulturePepe Escobarhttps://www.strategic-culture.org/news/2021/12/23/exit-nord-stream-2-enter-power-of-siberia-2/Sputnik International ("Putin revealed that Moscow and Beijing have teamed up to develop high-tech weapons, cooperating in space and aviation")From Ukraine Crisis to Gender Politics: Key Takeaways From Putin's 2021 PresserDaria...

MMT’s Fatal Flaw #1 – Measuring InflationThe first flaw is in the measurement of inflation. In the article mentioned above, we state:“Inflation is impossible to calculate. Inflation is impossible to calculate. No, that is not a typo. For emphasis, let us put it another way. Inflation is impossible to calculate.The point that inflation is impossible to calculate cannot be overstated.”…MMT’s Fatal Flaw #2 – Political WillpowerThe second and more vexing problem with inflation is politicians’...

The Eurozone continues to stumble on, held together by the vast bond-buying program of the ECB, which has saved several Member States from insolvency over the last several years. While all the talk at present has been about what to do about the punitive and unworkable fiscal rules in a post-pandemic (when will that be?) period, when the emergency waivers of the Excessive Deficit Mechanism procedures are withdrawn, the reality is that under the current architecture, the only thing that keeps...

Abstract: According to Modern Monetary Theory (MMT), the only constraint on public spending for a currency issuing authority like the United States government is inflation. This paper develops an alternative understanding and analysis of economic inflation through the lens of MMT in the aftermath of the Covid-19 public health crisis and consequential economic shutdown and reopening. It argues that conventional explanations of inflation remain ideologically constricted to an outdated social...

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/