Mike Norman Economics

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...

 Some Marxism without mentioning Marx. CaitlinJohnstone.comCapitalism Is Violence: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone https://caitlinjohnstone.com/2021/10/26/capitalism-is-violence-notes-from-the-edge-of-the-narrative-matrix/

Tesla surges on the Hertz deal, and stocks are in bullish mode until December 3. 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/

It looks like Senator Joe Manchin will stand firm in his stance against the climate change provisions in Biden’s infrastructure billWhen it comes to the climate bill it looks like there are no winners here, with both Manchin and Biden failing to secure anything concrete from negotiationsUltimately, the bill is unlikely to have a significant impact on a transition that is clearly underway already within the United StatesOilpriceWhy Everyone Is Wrong About Biden’s $600 Billion Climate...

Risible. Who is holding the stronger hand?Sputnik InternationalUS Urges Germany to Consider Sanctioning Russia Over Gas Supplieshttps://sputniknews.com/20211025/us-urges-germany-to-consider-sanctioning-russia-over-gas-supplies-1090199074.html

There’s been a fun (but silly) long-running debate on Twitter whether economists need to read canonical texts: Smith, Marx, Ricardo, Keynes, etc. What caught my eye is that a mainstream economist compared economics to mathematics — why don’t we learn calculus by studying the history of calculus? Why this is interesting is that is showed a lack of understanding of the situation in both mathematics and economics.Please note that this article is a discussion of the philosophy of teaching at the...

Important for thinking about economics and its relation to the world.Global InequalityOn the role of economics and global inequalityBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace