Mike Norman Economics

Seen some fiscal flow slowdown, but it could be temporary. Nevertheless, it's something that needs watching. 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/

One of the ongoing arguments about Modern Monetary Theory (MMT) that I run across is the general disdain for monetary policy among MMT proponents. (At one extreme, Warren Mosler argues that interest rate policy works in a way that is backwards versus the consensus.)Interest Rate Policy IneffectivenessThe MMT position is straightforward, yet critics seem incapable of framing it correctly. Although Mosler is not alone in his views, many academics have a more nuanced position: interest rate...

 What is causing so many people to take antidepressants? If you add up together all the percentages of the people who suffer from mental illnesses, it comes up a very large number. A lot of  people are suffering from Generalised Anxiety Disorder, Body Dysmorphic Disorder, depression, ADHD, dysthymia (chronic unhappiness), the list goes on an on, and added together, it's huge. New research shows how stress in families can cause children to get a disconnection between their amygdala - the...

On November 11, 2021, the Bank of International Settlements (BIS) related their BIS Bulletin No. 48 – Bottlenecks: causes and macroeconomic implications – which presents evidence that should help people who are becoming het up about the inflation numbers lately to calm down a bit. On June 8, 2021, the UK Guardian published an Op Ed I had written – Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman – which I stand by. I have been criticised for dismissing the...

Jonathan TurleyFighting “Information Disorder”: Aspen’s Orwellian Commission on Controlling Speech in AmericaJonathan Turley | Shapiro Professor of Public Interest Law at George Washington Universityhttps://jonathanturley.org/2021/11/18/fighting-information-disorder-aspens-orwellian-commission-on-controlling-speech-in-america/The ConversationThe US was not prepared for a pandemic – free market capitalism and government deregulation may be to blameElanah Uretsky, Associate Professor of...

Cagan’s definition of hyperinflation.EconbrowserNow That’s HyperinflationMenzie Chinn | Professor of Public Affairs and Economics, Robert M. La Follette School of Public Affairs, University of Wisconsin–Madison, co-editor of the Journal of International Money and Finance, and a Research Associate of the National Bureau of Economic Research International Finance and Macroeconomicshttp://econbrowser.com/archives/2021/11/now-thats-hyperinflation

Years ago, in almost a comical exchange, former Fed Chair, Alan Greenspan, schooled Congressman Paul Ryan on this very question. Here is the Greenspan clip. https://youtu.be/GdOsybbBVEU

 The Biden Administration is being very hawkish towards Russia and China. On this episode of Going Underground, we speak to former Middle East Advisor to the European Union and the Founder of Conflicts Forum Alastair Crooke. He discusses rising tensions between the US and China over the US’ tacit support for Taiwan independence, the ‘Kosovisation’ of Xinjiang and Taiwan, China and Russia’s refusal to continue to allow the US to shape the future of the world order, Western media hysteria over...

Contra Larry Summers.The LensFiscal Muscle–How was it ever in doubt?Stephanie 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/fiscal-muscle

Important. More on the intersection of geoeconomics and geopolitics/geostrategy.Strategic Culture FoundationMackindergarten LessonPatrick 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://www.strategic-culture.org/news/2021/11/20/mackindergarten-lesson/RelatedReminiscence of the FuturePatrick Armstrong On Governance. And Other...