Mike Norman Economics

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...

Just sent this to SCF [Strategic Culture Foundation]As you can see from this, the threats that have silenced many of your American contributors will be coming to Canada soon.I will no longer contribute to Strategic Culture Foundation. Thank you for your honourable behaviour and honesty. I am sorry to do this but it’s a case of force majeure. I’m too old to want to fight it.Please give any remaining honorariums to this charity supported by the Rotary Club of St Petersburg.Thank you.Patrick...

It's the cost (price) effect. 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/

Employers are only concerned with the economic, socializing the externality involved. Thus, these innovations appear to constitute a mixed bag that will have social and therefore political implications, in addition to economic, likely leading to labor unrest unless creative solutions are found and implemented successfully at scale.WCEG — The EquitablogExploring the impact of automation and new technologies on the future of U.S. workers and their familiesKathryn Zickuhr, labor market policy...

If countries like the United States are imposing high tariffs on Chinese exports, it stands to reason that China should depend less on exports. Likewise, if countries are restricting technology transfer to Chinese companies, China must ensure that it can develop the technologies it needs without outside help....First Russia and now China driven to import substitution to achieve greater self-sufficiency. The next obvious step is Russia and China sharing technology and manufacturing capability...

 I would amend the headline to "the world," since Russia has warned that it will strike command cneters, including the continental US, if the US/NATO attacks. China has committed to backing Russia. WWIII?India PunchlineSpectre of war is haunting EuropeM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/spectre-of-war-is-haunting-europe/

 Globo-neoliberalism gasping for air?CounterpunchThe Maestro of MessesPatrick Lawrencehttps://consortiumnews.com/2021/12/14/patrick-lawrence-the-maestro-of-messes/RelatedReminiscence of the FutureIt Hurts Where It Matters The Most. WealthAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. http://smoothiex12.blogspot.com/2021/12/it-hurts-where-it-matters-most-wealth.html