Mike Norman Economics

Ka-ching.Moon of AlabamaPentagon Generals, News Writers Abuse Chinese Test Flight To Argue For More Weaponshttps://www.moonofalabama.org/2021/10/pentagon-generals-news-writers-abuse-chinese-test-flight-to-argue-for-more-weapons.html

The rise of tribalism is threatening to lead the world to a future of great-power conflict and runaway climate change. The only way to mitigate this risk is to negotiate a new social contract that addresses inequality head-on....A virtual impossibility in the current climate. Any viable solution requires a modification of the world system in ways that are not feasible politically. So the problem will be left to the kids and grandkids, and subsequent generations not yet borne.Project...

Real-World Economics Review Blog26 billionaires had as much as the world’s bottom 50%https://rwer.wordpress.com/2021/10/27/26-billionaires-had-as-much-as-the-worlds-bottom-50/

In the introduction to “The Spoils of War,” an extraordinary new book by Andrew Cockburn, he makes a straightforward assertion about the U.S. military. “War-fighting efficiency has a low priority,” he writes, “by comparison with considerations of personal and internal bureaucracies. … The military are generally not interested in war, save as a means to budget enhancement.”…Summarizing what has been known for decades. The Intercept“The Spoils of War”: How Profits Rather Than Empire Define...

Market concentration.TechSpotBitcoin is largely controlled by a small group of investors and miners, study findsShawn Knighthttps://www.techspot.com/news/91937-bitcoin-largely-controlled-small-group-investors-miners-study.html

Apparently, inflation in Australia has come ‘roaring’ back, if you believe one financial commentator today. There has been a lot of talk about how inflation is spiralling upwards and it demonstrates the MMT ‘quackery’. If you examine today’s data release from the Australian Bureau of Statistics – Consumer Price Index, Australia (October 27, 2021) – which relates to to the September-quarter 2021, then it becomes clear that the slightly elevated CPI result is largely due to uncompetitive...

Incredible. Musk even makes Bezos look poor! 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/

Arguing of pay-for that are not necessary for spending. Spending and taxation are separate fiscal operations,. Ideally, each should be directed at objectives in terms of the socio-economic system taking politics into account as an expression of the will of the people, spending for public purpose to promote the general welfare and common good, and taxation to make space for public spending as well as to control inflation. Taxation can also serve to regulate the system by providing positive...

Conservative argument against government spending that is not simplistic like government bankruptcy or hyperinflation. Another sign the debate is advancing.Project SyndicateThe True Costs of Government SpendingMichael J. Boskin is Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution. He was Chairman of George H.W. Bush’s Council of Economic Advisers from 1989 to 1993, and headed the so-called Boskin Commission, a congressional advisory body that...