Mike Norman Economics

At present, Britain is still in the throes of a global pandemic that has devastated the nation. Last week, at Brighton, the key economic spokespersons for the TLP or the Tory-lite Party (short form, British Labour Party) told the voters of Britain why they should remain in opposition. They were sterling performances by the leader and shadow chancellor. Clarifying for all, the fact that the Party hasn’t learned much at all about their recent history. A history that has seen them lose 4...

Tom made this point here at MNE already 3 days ago…. #TellMeSomethingIDidntKnow… the laws the Art Degree lawyers have set up are in conflict… no bueno…White House/ other admin officials agree with Yellen. They see the coin as open to legal challenge — and thus likely to unleash uncertainty that would upset financial markets and damage the economy. https://t.co/rIjIXI8Eoa— Jim Tankersley (@jimtankersley) October 5, 2021

GOP has no demands… allegedly…WHOA! @LeaderMcConnell grows a pair!“Republicans' position is simple. We have no list of demands. For two and a half months, we have simply warned that since your party wishes to govern alone, it must handle the debt limit alone as well," McConnell told the Hill. Well said,Mitch— John Fredericks (@jfradioshow) October 5, 2021

It's been discussed before. The Fed would lend against delinquent Treasuries. But to whom? 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/

RTPandora papers just another tool for the West to interfere in developing countries, says Chinese state media bossZero HedgeTaiwan Informs Australia It's 'Preparing For War' As China Sends Record 52 PLA Jets Toward Island Tyler DurdenSputnik InternationalTaiwan Scrambles Jets After 52 Chinese Military Aircraft Fly Near Its AirspaceConsortium NewsConsortium News Is a ThreatJoe LauriaOne WorldWhy's The US Set Its Regime Change Sights On NATO Partner Georgia?Andrew KorybkoSouthFrontThe Entire...

The fallout from the Rudd article on inflation expectations (that I described here) is still percolating around the internet. Duncan Weldon just wrote “We Have No Theory of Inflation” which discusses the issues from the empirical side. In this article, I am re-writing and expanding on some points that I noted in my previous article. If inflation expectations do not behave as predicted by neoclassical models, that is a critical problem that cannot be easily dealt with by adding epicycles to...

Without addressing the points in JW Mason's post, these are my views based on MMT as I understand it.First off, taxes and borrowing don't "pay for" spending by a government that is a currency sovereign in the sense of issuing its own non-convertible floating rate currency without undertaking obligations in other currencies. It's logically impossible. Such a government does "fund" its spending in some manner on its accounting statements but this sense of "fund" is different from "pay for."...

Many China-watchers are pessimistic about its prospects, arguing that it remains overly reliant on Western technology. But thanks to a huge, interconnected market, and an exceptional capacity for learning, the entrepreneurial impulse driving China’s development remains strong....Don't discount China just yet.Project SyndicateThe Neglected Sources of China's Economic ResilienceZhang Jun | Dean of the School of Economics at Fudan University, and Director of the China Center for Economic...

Jeremy Rudd's paper, previously linked to.The Radford Free PressAnd Now For Something Completely Different …Peter Radford

Well, it's a start.Angry BearUSPS Small Banking Services Initiated