Mike Norman Economics

Market moves wildly in thin, holiday conditions. I've seen it a million times. 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/

Lauren Melodia and I had an op-ed in the Nov. 21 Washington Post, challenging the idea that today’s inflation means that the stimulus measures of the past year and half were too large. I’m posting it here as well….J. W. Mason's Blog“Inflation is bad. But mass unemployment would have been worse.”JW Mason | Assistant Professor of Economics, John Jay College, City University of New York

 Why conventional macro  based on Walrasian general equilibrium— which is all of it since it assumes rationality and general equilibrium  — reduces to nonsense, as Keynes noted long ago. It's way past time to move on.Lars P. Syll’s BlogThe Sonnenschein-Mantel-Debreu TheoremLars P. Syll | Professor, Malmo Universityhttps://larspsyll.wordpress.com/2021/11/25/the-sonnenschein-mantel-debreu-theorem/

Scott Fullwiler and Senior Scholar L. Randall Wray review the roles of the Federal Reserve and the Treasury in the context of quantitative easing, and find that the financial crisis has highlighted the limited oversight of Congress and the limited transparency of the Fed. And since a Fed promise is ultimately a Treasury promise that carries the full faith and credit of the US government, the question is whether the Fed should be able to commit the public purse in times of national crisis.One...

The British Labour Party leader (for now) Keir Starmer gave a – Keynote Speech – to the Annual Conference of the Confederation of British Industry in Birmingham on November 22, 2021. If you read it or heard it you will know that his leadership marks the return of British Labour as class traitors. He started by saying the “Labour is back in business”, which should have been ‘Labour is the agent of business’ He played up the line that Britain’s future depends on the business sector profits...

Shrinking spare capacity.OilpriceThe Real Reason Why OPEC+ Won’t Open The TapsTsvetana Paraskovahttps://oilprice.com/Energy/Crude-Oil/The-Real-Reason-Why-OPEC-Wont-Open-The-Taps.html

The GrayzoneCorrupting science: in Syria probe, OPCW erased experts’ inconvenient findingsAaron Matéhttps://thegrayzone.com/2021/11/22/corrupting-science-in-syria-probe-opcw-erased-experts-inconvenient-findings/The Vineyard of the SakerVery telling admission from EU High Representative Josep BorrellThe Sakerhttp://thesaker.is/very-telling-admission-from-eu-high-representative-josep-borrell/SouthFrontU.S. Takes Another Step Towards Nuclear...

Why economists' talk about "inflation" is largely BS.Economics from the Top DownThe Truth About InflationBlair Fix

Free capital flow increases inequality. No surprise. That is what is supposed to happen with capital accumulation under capital, where capital is privileged over labor (people) and land (the environment).The Unassuming EconomistDani Rodrik’s Primer on Trade and InequalityPrakash Loungani | Assistant Director in the IMF's Independent Evaluation Office, Adjunct Professor at Johns Hopkins University (Carey School of Business), a Senior Fellow at Policy Center for the New South (a global think...