Mike Norman Economics

 "Finding the Money" Trailer.DeadlineGiant Pictures & Kanopy Acquire ‘Finding The Money,’ Documentary That Explodes Myth Of Deficit SpendingMatthew Carey

I’m on my way back to Nairobi. I spent the last 3 days in Rome at a UN expert group meeting on SDG2 (Ending Hunger) at the FAO, in preparation for the 2024 High-Level Political Forum that will be help in July 2024. It was a bit ironic that the FAO building where we held the meeting used to be the Italian Ministry of the Colonies under the Mussolini regime, and my main message to the FAO was about decolonizing the global economic architecture is a prerequisite for achieving the SDGs,...

For years, those who want selective access to government spending benefits (like the military-industrial complex and other parasitic sectors), while claiming the government cannot afford to provide adequate income support to the most disadvantaged citizens have used various ruses to give an air of authority or legitimacy to their claims. So in the UK, the lie in 1976 by the then Labour government that it was going to have to borrow from the IMF to stay solvent has been regularly wheeled out....

Evidently it went in one ear and out the other. Now Larry Fink wants your retirement money. 

Some fun and educational stories from my trading days in the pits. 

 The sequel.The National (Scotland)Mark Blyth: Unionists 'taking my words on independence out of context'Xander Elliards

 Philip Pilkington turns the page on MMT?https://twitter.com/philippilk/status/1772538175564447823 The US, like the UK, can’t go broke in their own currency. But if foreign lenders don’t buy into net bond issuance, USD will have to adjust to shrink the trade deficit. This will put upward pressure on inflation and is what the UK faced under Truss. Will Trump get Trussed?… pic.twitter.com/fDuYrC3Gzx— Philip Pilkington (@philippilk) March 26, 2024

They said the end would jump higher when the BoJ ended negative interest rates. Instead, the end crashed. 

And there is indeed a ‘current account constraint’ – if you are a small open economy you need things you can sell in order to get the stuff you don’t have.MMT really applies, as many others suggest, uniquely to the US as it issues the world’s reserve currency.If you are not the US and your Sovereign Currency is weak, it will drive import inflation so it really means that your currency is not properly sovereign. MMT does recognize this constraint by treating it with more nuance.MMT's basic...

A brief note on the EU, Egypt, Palestine, and CopenhagenMMT's man on the ground in the Global South. Global South Perspectives—Reflections & Analysis by Fadhel KaboubClimate Reparations, not "finance"Fadhel Kaboub, Associate Professor of economics at Denison University (on leave) and President of the Global Institute for Sustainable Prosperity. He currently serves as the Under-Secretary-General for Financing for Development at the Organisation of Educational Cooperation in Addis Ababa,...