Mike Norman Economics
Is it failing?
Read More »Thoughts on my bond trade.
My bond trade is not working out?
Remember, stick with the process.
Read More »Episode 6 of the Smith Family Manga (Season 2) is now available— Bill Mitchell
Today (October 3, 2024), MMTed releases Episode 6 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit. Episode 6 was delayed by two weeks…William Mitchell — Modern Monetary TheoryEpisode 6 of the Smith Family Manga (Season 2) is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and...
Read More »Focus on the process, not the price.
A lot of investors are fixated on price and they don’t focus on the process. It’s the latter you need to focus on. 
Read More »The hands live here.
A boxing analogy for traders.
Read More »Modern Monetary Theory film proves finding the cash isn’t the problem — William Thomson
As we have been writing for over a year in this newsletter, the UK Government, as the issuer of the UK pound, can never run out of money. They can afford whatever is priced in pounds. There is never a problem finding the money. This leads to a natural and painful conclusion: Continuing austerity policies is a political choice....The National (Scotland)Modern Monetary Theory film proves finding the cash isn't the problemWilliam Thomson, Scotonomics founder
Read More »A rock gets tossed into a pool of still water. 
This describes the behavior of crazy monetarist traders. 
Read More »The ball is now in Finance Ministry’s court, Chinese economists say — Zichen Wang
Apparently many influential Chinese economists are old-style Keynesians. There is no indication that they understand the basic principle of MMT — a sovereign currency issuer that doesn't create financial obligation in currency it does not issue has a monopoly on its currency. This is especially important considering that China faces deflation rather than inflation.It's up to the Finance Ministry now. Wikipedia:The Ministry of Finance of the People's Republic of China (Chinese: 中华人民共和国财政部;...
Read More »Class origins matter – but who are the agents of change? — Bill Mitchell
Not MMT or economics as such but it is interesting in that Bill is an MMT founder so his stance on economic sociology is relevant. There was an interesting article in the UK Guardian the other day September 26, 2024) – Take it from me (and Keir Starmer) – you should never pretend to be more working class than you are. I don’t usually agree with the journalist but this article made me reflect on a lot of things.… Aside:The scrutiny arises because many of these “Labour people” appear to have...
Read More »A beautifully simple, economic engine.
That’s the best way to describe our economy and how it operates. 
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