Mike Norman Economics

Priorities.AlternetMilitary vs climate spending: A moral catastrophe in 3 picturesRichard Eskowhttps://www.alternet.org/2021/10/military-v-climate-spending/

Steve Keen did it again. This Manifesto is a lucid deconstruction of fallacies in neoclassical economics, a reflection on its puzzling persistence, a passionate plea for another kind of economics, and a demonstrationof the hands-on creation of that alternative in two areas, monetary economics and environmental economics. All this comes in a slim volume of less than 160 pages, with copious notes and extensive references added. The book is at once accessible, engaging and scholarly. The...

Q3 GDP came in below forecasts, but above some of the more dire forecasts. Economy likely stabilizing at this pre-pandemic, non-inflationary growth level. This is not bad for stocks and other financial assets. 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:...

Supply chains, which account for 80 percent of the world’s total carbon emissions, would require as much as $100 trillion of investment if they are to become net-zero emission by 2050, new research by HSBC and Boston Consulting Group (BCG) showed....OilpriceSupply Chains Need $100 Trillion To Become Net-Zero By 2050Tsvetana Paraskovahttps://oilprice.com/Latest-Energy-News/World-News/Supply-Chains-Need-100-Trillion-To-Become-Net-Zero-By-2050.html

There are only about 20,000 graduates in cybersecurity each year, while the talent gap ranges from 500,000 to one million. “It's still a conservative estimate,” said Wang, “and the talent shortage is everywhere in the industry.”To address the problem, the Chinese government has urged colleges and universities to set up majors to cultivate talents in data protection and information security, Wang said.…Growing field. Probably not just in China. ECNSChina's data security industry suffers...

These online brokers are engaged in “illegal financial activities” because they have no “driving licenses” to operate in China, Sun Tianqi, a senior People’s Bank of China official wrote in an article published on the website of Finance 40 Forum. Sun didn’t name the brokers, and added that calling them illegal has nothing to do China’s capital control rules....Yahoo FinanceChina Trading Apps Tank After Official Calls Them...

The Bank of Canada released its October 2021 Monetary Policy Report, and I just want to make some brief comments.Bond EconomicsBank of Canada CommentsBrian Romanchuk

Why open-source is the future of digital. Because cooperation.McKinseyOpen-source e-commerce: The next wave of value for the enterpriseArun Arora, Klemens Hjartar, Jake McGuire, Oscar Villareal, and Rodney Zemmel, representing views from McKinsey Digitalhttps://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/open-source-e-commerce-the-next-wave-of-value-for-the-enterprise

 MMT-compliant. Worth a read.Stumbling and MumblingGovernment spending, profits & capitalismChris Dillow, Investors Chroniclehttps://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2021/10/government-spending-profits-capitalism.html

Numbers.Which countries are to blame for this failure to do anything remotely close to avoiding the environmental disaster. China is usually picked out as the main culprit. It is currently by far the world’s biggest emitter of CO2 and is planning to build 43 new coal power plants on top of the 1,000 plants already in operation. But China has some excuses. It has the largest population in world and so its per capita emissions are much lower than most other major economies (although it’s the...