Mike Norman Economics

Thomas Piketty highlights the value of a Job Guarantee. He also speaks to the importance of property rights and political power (as discussed at: https://youtu.be/NCjt027KCG4) At the Global Forum on Democratizing Work in November 2021.Brave New EuropePavlina Tcherneva, Thomas Piketty – Democratising Workhttps://braveneweurope.com/pavlina-tcherneva-thomas-piketty-democratising-work

My long term outlook for Bitcoin might surprise you. ThinkAdvisor interview on MMT. https://www.thinkadvisor.com/2021/12/02/why-mmt-haters-have-it-wrong-economist-michael-norman/

Art Degree morons running everything…Figurative:One of the hottest real-estate markets right now is in the metaverse, where property sales in digital worlds like Sandbox and Decentraland are setting records https://t.co/QKfw4HiCSF— The Wall Street Journal (@WSJ) December 4, 2021 Literal:Figurative looks fantastic!  Literal though not looking too good… way to go Art Degree morons! ?

Wow the vast “neoliberal conspiracy!” continues unabated… These geniuses lost $40B on their regulatory holdings of government securities in the last year by financing monetarist moron inflationista speculators…  how much f-ing munnie can they possibly be making by financing inflationista trades?I can’t imagine it would even be a significant fraction of this…They just did a $40B capital raise March 31 when the SLR got turned back on… so it’s like all of that just got wiped out… good job! ?And...

If this thing is accurate then Russia better be bringing their A-Game…?? is literally fighting for their fucking life and they can put out adverts 10x better than ours… pic.twitter.com/gaiEK19zV4— John Matrix (@TroopsinContact) December 3, 2021

Taper is stimulus and rate hikes amount to nothing.

Backgrounder. The Middle East is shifting.The really amazing part is how easy it would have been for staunch adversaries like the UAE and Iran to embrace each other but for the Western interference in the intra-Gulf affairs. Kushner might not have been aware that the UAE and Iran have deep historical ties up until Imperial Britain intervened to severe them and occupy the Emirati islands. 2021 marks the one hundredth “anniversary” of Britain’s dastardly colonial act....Read "Western...

Positive interview with Mike. Transcript of highlights.ThinkAdvisorWhy MMT Haters Have It Wrong: Economist Michael NormanJane Wollman Rusoff interviews Mike Normanhttps://www.thinkadvisor.com/2021/12/02/why-mmt-haters-have-it-wrong-economist-michael-norman

Behind the scenes in the Middle East. The game is changing. Endless war is getting old. Pepe Escobar unfolds some details.The CradleRussia is primed for a Persian Gulf security 'makeover'Pepe Escobar

Interesting article on power, which is one of the key sociological concepts and in the mind of some, the chief one in analyzing a social system. This provokes the question, what is power?This is also a key concept in economics, where it appears as market power, obviously, and less obviously as the power of influence institutions that shape markets and economic behavior.One of my mentors used to say that the most important thing to understand is power. This requires viewing power relative to...