Mike Norman Economics

Playing politics?EconospeakPlaying With The Strategic Petroleum ReserveJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

When Apple began asking iPhone users whether they wanted to opt out of data tracking, 84% said yes – dealing a major blow to platforms whose business models depend on the collection and sale of user data. This is an ominous sign for Chinese tech companies, which now face the prospect of much tougher data regulations....China is passing legislation requiring opt-in rather than opt-out. This seriously affects the business model of Internet companies that collect user information and use it...

It’s Wednesday and only a few items today. It seems that the mainstream economists are emerging again and making all sorts of claims that fiscal policy has to target lower deficits and monetary policy needs to tighten (interest rates rise) to stop our governments going broke and inflation going wild. It really is like a tired broken record, isn’t it. They have sort of gone underground during the crisis and more are thinking it is time to reassert the nonsense of the past. And so it...

It’s as if the Fed did two 0.25% rate increases over the last two months:The Treasury yields making new 2021 highs today:2s3s5s7s pic.twitter.com/EUgvwtQBLV— Brian Chappatta (@BChappatta) November 22, 2021 MMT 101: “all prices are a function of what the government allows their banks to lend against things”; so it’s as if the Fed has delegated authority to the member institutions to increase the short term risk free rate by 0.5%So now of course the NPVs of the banks govt bond assets are...

Whaaaaattt??? More figurative “inflation!” bullshit from the Art Degree morons:Fucking .29 at Lidl, Food Dog and Giant .39, Pubics .49, Weis .49, even Whole Paychecks only .99…Bull fucking shit… there are a lot of bargains…

Crude rallied on the news. Producers are long futures. 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/

The realm of the possible is becoming the realm of the probable. Thinking ahead.GeopolitikaThis is how civilisations collapsehttps://www.geopolitica.ru/en/article/how-civilisations-collapseRelatedThree-Toed SlothImport Substitution Is a Harsh Mistresshttp://bactra.org/weblog/import-substitution-is-a-harsh-mistress.html

Michael Hudson Interviewed on Kevin Barrett’s Truth Jihad Radio, 11/15/21Podcast and transcript. Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismFalling into Line: Turning Endless Deficits into a Power BaseMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking...

When I was a postgraduate student at Monash University in Melbourne, I had many debates with a senior academic who would become a co-author early in my academic career, about the relative importance of choice and constraint. In the standard mainstream choice-theoretic framework, people are conceived as maximising satisfaction through the choices they make subject to the opportunity set they face (the constraints). This simplistic version of human decision-making dominates mainstream...

Inflation in the rear view mirror. Video.The LensLooking Back at How I was Looking AheadStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/looking-back-at-how-i-was-looking