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Mike Norman Economics

The coin that could avert a federal debt default — Felix Salmon

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...

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MAGA-nomics

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…

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Another one busted…

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...

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The Technology Of Sacrifice — Andrei Martyanov

Production as the basis of economics.  Reminiscence of the FutureThe Technology Of SacrificeAndrei Martyanov, expert on military science especially naval and aerospace. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where...

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The Sad and Useless Humour Site

 20 Animal Bands That Look Like They Are About To Drop The Hottest Albums EverWe don’t think it’s a coincidence. These animals totally knew they were posing for their hotly anticipated album covers. These pics are just too perfect for it to have happened purely by chance…Black Pigeon Debut album: Ain't Ever Gonna Stop Tapping Maureen and the Meat Packers Ain't No Tree High Enough Fun Boy Six Sub Zero The Getaways  Pet SoundsMore here 20 Animal Bands That Look Like They Are About To Drop The...

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New Poll: US Is More Divided Than Before, as Almost Half of Americans Think ‘It’s Time to Split’ — Kirill Kurevlev

The headline is a lit of an overstatement but the post still interesting politically and demographically. The poll was conducted by the University of Virginia’s Center for Politics, which in partnership with Project Home Fire think tank analyzed online responses to over 300 questions encompassing social, political, and psychological themes from more than a thousand political opponents from each camp.According to the poll, over half of all ex-President Donald Trump supporters "somewhat agree"...

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