Mike Norman Economics

Video.Bill Mitchell – billy blogLive Stream on Currencies footage – Helsinki, October 2, 2021Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

"I read Joe Manchin's statement, I've listened to him. He has no understanding of how the federal government monetary system works when he compared it yesterday to his household income. That has no relevance to what we can do," Yarmuth, who represents Kentucky, told CNN Thursday evening....NewsweekManchin 'Has No Understanding' of How Monetary System Works: Democrat House Budget ChairJason LemonSee alsoSame syndrome in the UK.Condemned to mediocrity by stupidity.The Gower Initiative for...

Remember the Pandora Papers. A new database was released today. ICIJ ProjectsAbout Pandora PapersFergus Shiel Pandora Papers: An offshore data tsunamiEmilia Díaz-Struck

Longish, but worth a read in light of current conditions. Not just the pandemic effect.And shipping pretty much equals global trade given the bulk of goods involved. It is a weak link in the global system and that is showing up now.Zero HedgeIn Deep Ship: What's Really Driving The Supply-Chain CrisisMichael Every and Matteo Iagatti of Rabobank

Prepping for kinetic civil war in the US. This is not The Onion.Zero HedgeIn A Civil War The Authoritarian Left Would Be Easily Beaten – But It Won't End ThereBrandon Smith via Alt-Market.usRelatedOilprice (crypto is the corner stone of the revolution)Is China’s Digital Yuan The Death Knell For Crypto?SafehavenAlterNet (The Big Lie)The fascists are still winningChauncey DeVegaAmerican Thinker (bridle the rich and collapse)Inequality -- the Engine of ProsperityAlexander G. MarkovskyPolitico...

Short and surprisingly accurate and positive.The Yellow HammerDr. Daniel Sutter: Can Uncle Sam afford any amount of spending?Daniel Sutter is the Charles G. Koch Professor of Economics with the Manuel H. Johnson Center for Political Economy at Troy University and host of Econversations on TrojanVision.

Skimpy article and non-committal.But a positive thing is that a lot of people are coming to understand more about how the monetary system works as a ledger system. The bottom line is that while taxes and debt-issuance "fund" government spending in an accounting sense, they do not "pay for" spending when the government is sovereign in its currency and issues the currency through an institutional process. Where "the coin" fails is potentially confusing the coin as a money thing (token) for...

Revealing video of current economic thinking of “stagflation!” on the MAGA right GOP… you have Harvard art degree Navarro with Georgetown art degree Cortez and Virginia Tech Harvard MBA Bannon here all trying to figure it out…And everyone seems positioned for it they have sold off growth and are bearish bonds…. That would be the typical  “stagflation!” trades…

Someone with the Democrats is going thru these guys financial disclosures and dropping these stories into the press… these 3 have been outspoken critics of the current Fed policy of “providing accommodation” via asset purchases and zero interest rate… they all want to “taper!” sooner rather than later…So these guys are going to get thrown out and the Fed is going to get re-staffed with new Democrat oriented people….  It was Trump who first politicized the Fed now Dems are just following suit...

Ominous.Zero HedgeIran Says "War With Israel Has Already Begun" Amid Fresh Covert AttacksTyler Durden