Mike Norman Economics

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

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...