Mike Norman Economics

Many feel, they are not deserving and they will find any excuse to make that a reality. 

A recent UnHerd article warns of a “crypto time bomb,” suggesting that stablecoins could become a geopolitical tool to undermine the U.S. economy by redirecting foreign dollar reserves into U.S. Treasuries. The core assumption is that countries like Japan are sitting on idle piles of dollars, waiting for a stablecoin intermediary to put them to use.This misreads how international finance operates. Like other major dollar holders, Japan doesn’t need help managing reserves. Dollars earned from...

And tomorrow will be an up day. How do I know? 

If these numbers represent illegal alien people currently working using other dead peoples ID numbers, when the payroll taxes are paid this week and 7M fraud notices go out to the employers it could turn out Elon actually threw 7 million people out of their jobs this week … it could create a mass firing event of 7 million people who are currently working (albeit illegally but nevertheless) in the economy, …. causing a collapse in output and a collapse in tax receipts going forward…Mike will...

Are tax drains now good and net transfers bad?

I don’t get all the celebrations over cutting fraud and waste.

Don’t complain if you don’t get your SS payment. Be like his 94 year old mother-in-law.

He’s done amazing in the private sector but his economic understanding is a disease.

There aren’t words to describe how economically stupid this guy is. 

Comical explanation that shows he doesn’t understand.