Mike Norman Economics

There was a conference in Berlin recently (25th FMM Conference: Macroeconomics of Socio-Ecological Transition run by the Hans-Böckler-Stiftung), which sponsored a session on “The Relevance of Hajo Riese’s Monetary Keynesianism to Current Issues”. One of the papers at that session provided what the authors believed is a damning critique of Modern Monetary Theory (MMT). Unfortunately, the critique falls short like most of them. I normally don’t respond to these increasing attacks on our work,...

 If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.https://twitter.com/elonmusk/status/1454808104256737289?t=ykiBMhYMIxwhIRdKqZP__w&s=09

This post concerns ten recent Marxist claims about MMT and one about Kalecki (a forerunner, in certain respects, of MMT). Some Marxists claim that:heteconomistComments on Recent Marxist Claims about MMT and Incidentally KaleckiPeter Cooperhttp://heteconomist.com/comments-on-recent-marxist-claims-about-mmt-and-incidentally-kalecki/

Link to Stephanie Kelton's interview with Fareed Zacharia and a more extended answer to a question she did not get a chance to finish owing to time constraint.The LensUnfinished Business: The rest of my answer to Fareed ZachariaStephanie 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...

 Paranoid anti-establishment ideation became a fertile breeding ground for a growing segment of the left to distrust science as much as the rightMany of anti-imperialist and anti-establishment left lack psychological flexibility, and so view everything that the establishment does as being bad and  so don't trust anything from it, even when backed by science. I've been arguing with them a lot, and since Noam Chomsky's statement about the antivax isolating themselves for common decency (and he...

Quote you may wish to file. Also a link to download the article.Tax Research UKWilliam Beveridge knew that modern monetary theory was right in 1944. Why can’t modern politicians take note?Richard 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 Forum

 This is such a good video! It's not about the after life, but it's spiritual. In December 2015 I was involved in a near-fatal accident on my motorcycle. I spent 9 days in the hospital and went through several surgeries. I then spent almost a year in physical therapy trying, to walk again That whole time being confined to a wheelchair. My story should be one of motivation and inspiration. I want anyone who watches this video to understand that each one of us has a hard-luck story to tell. We...

 This is good!  House of Representatives Oversight Committee held hearings with the CEOs of the largest oil companies where Chairwoman Maloney read quotes from internal Exxon documents, which exposed that Exxon knew for years that fossil fuels were causing global warming and that it would lead to catastrophic consequences. She attempted to get the CEOs to acknowledge having lied, which they refused to do. This is an excerpt from the House of Representatives Oversight Committee held on...

Short.Strategic Culture FoundationWhy Russia Is Walking Away From NATO and European UnionFinian Cunningham interview Professor Paul Robinson, Graduate School of Public and International Affairs at the University of Ottawa

Interesting article that comes to similar conclusions as Ravi Batra's The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos and Neil Howe and William Strauss's The Fourth Turning: What the Cycles of History Tell Us About America's Next Rendezvous with Destiny. They all address America's increasingly dysfunctional system based on different theories and analysis. It seems to me that these are all factors the need to be considered in approaching the system,...