Mike Norman Economics

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...

More signs the debate is shifting.Tax Research UKThe New Economics Foundation talks fiscal rules within the context of MMT – even if they aren’t saying so – and the result is really goodRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy...

History lesson in coups. What is not mentioned is the attempted soft coup against Trump. Turns out that coups are now bipartisan in America.Tom DispatchAn American CoupAlfred McCoy | Fred Harvey Harrington Professor of History at the University of Wisconsin–Madisonhttps://tomdispatch.com/an-american-coup/See also for the flip side.The GrayzoneRussiagate Archives - The Grayzonehttps://thegrayzone.com/tag/russiagate/

The US elite are delusional. Counting the ways.Moon of AlabamaOn The Delusion In U.S. Foreign Policy And What Might Change Ithttps://www.moonofalabama.org/2021/10/on-the-delusion-in-us-foreign-policy-and-what-might-change-it.htmlSee alsoAsia TimesThe Taiwan issue will fade away – literally by David P. Goldmanhttps://asiatimes.com/2021/10/the-taiwan-issue-will-fade-away-literally/

This month, the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), the Federal regulator of the largest banks in the country that operate across state lines. The paper is titled “The People’s Ledger: How to Democratize Money and Finance the Economy.”Sounds like a (pretty radical) plan.Wall Street On ParadeBiden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and...

The author has no idea about what MMT is and cites no sources. Says it is debt monetization which he equates with QE. Ridiculous.Barron'sModern Monetary Theory, or MMT, is Here to Stay. What Investors Need to Know.Stephen Dover, chief market strategist and head of the Franklin Templeton Investment Institutehttps://www.barrons.com/articles/mmt-isnt-going-anywhere-what-investors-need-to-know-51635169796

The New York Times article (October 1, 2021, updated October 15, 2021) – Nobody Really Knows How the Economy Works. A Fed Paper Is the Latest Sign – reported on a paper by one Jeremy B. Rudd, who is a senior advisor in the Research and Statistics division at the Federal Reserve Bank in the US. The paper – Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?) – published as Finance and Economics Discussion Series 2021-062, by the Board of Governors of the Federal...

News Corp’s dramatic U-turn over climate policy. Critics call its Mission Zero campaign ‘greenwashing’ but we argue it is a significant shift for Australia’s largest media company. [embedded content] News Corp's dramatic climate change backflip

If people were to bear the cost of their decision, rather than let the rest of us pick up the tab, they might rethink their decision. Executives at some companies are now starting to charge unvaccinated workers more for health insurance premiums.They say they are doing so to encourage workers to get vaccinated and to offset costs incurred when employees are hospitalized for COVID-19.The policies are similar to those invoked on employees who smoke.Most employees will continue to have the...

 The vaccines only slow down transmissions for 3 months, so the antivaxxers are asking why should they get a vaccine? They have a point, except they are overloading our hospitals are burning the staff out, but also, mutations are more likely to occur in the unvaccinated. Anyway, some antivaxxers are now tweeting the research below, which shows that in a society where a large amount of people are vaccinated, but where not everyone is, mutations are more likely to occur, so they are blaming...