Mike Norman Economics

The problem is capitalism.Because the logic of that system evolves into what we have.Harry Braverman understood that even though he didn’t live to see the worst of what it has become.As the first step, education.Then, reclaim the state.Then evolve the production and distribution system away from one that needs to colonise every aspect of our lives with ‘markets’.…Not MMT but it is important that an MMT economist is saying it. What is the point of full employment when the tendency of...

China is building a research facility to incubate core technologies used in power generation of fusion energy that powers the sun.The facility in the pipeline, called "Comprehensive Research Facility for Fusion Technology" (CRAFT), is a platform on which engineers develop and test fusion energy reactor's key components.It is expected to be finished around 2024, according to the Institute of Plasma Physics under the Chinese Academy of Sciences (ASIPP).China has already completed the...

Rate cuts will continue. That will bring down inflation and stabilize the lira. But more has to be done. 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/

I have noticed a lot of Internet traffic about Modern Monetary Theory (MMT) and the situation in Turkey at present. Apparently, as the narrative goes, MMT is finally being revealed as a fraud because Turkey’s economy is going backwards and its currency is depreciating rapidly. The logic, it seems, is that if a nation enters rough economic waters and the financial markets sell its currency (although remember someone has to be buying it simultaneously) then that proves MMT is false. An...

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...