Mike Norman Economics

Backgrounder. Should-read for all who want to understand the dynamic of Afghanistan and its place in geopolitics.The CradleThe Pashtun will outlast all empires, but can they hold Afghanistan's center?Pepe Escobar

Economics professor L. Randall Wray, a Bard College professor who has championed Modern Money Theory, which de-emphasizes the drawbacks of debt, said the special coin is no wackier than other expansionary financial maneuvers enacted by the Federal Reserve during the pandemic that have involved hundreds of billions of dollars of public and private debt.“It is a work around,” Wray said. “It sort of makes it obvious that the debt limit itself is a pretty stupid idea.”...Wray and others note...

This is Part 2 of my analysis of the way that fundamental ideas in Modern Monetary Theory (MMT) are totally consistent with a reasonable interpretation of Marx’s work. The motivation to clarify these issues came after I spoke at an event last weekend in the UK and shared a panel with a critic who claimed that Marx’s work established that MMT is wrong to assume that unemployment is a monetary phenomenon (insufficient spending) and that government spending can do anything about it. The claim...

lol at all the MMT Democrat phonies:  They suspend it until just after the mid terms so if they get wiped out in midterms (which usually happens) they can immediately turn around and start to hit the GOP over the head with the same moron hammer…BREAKING: House Democrats vote to suspend debt limit until December 16, 2022; bill now heads to Senate— Breaking911 (@Breaking911) September 29, 2021

 The Banks crashed the economy in 2008 but then were bailed out, then the government needed to make cut backs as well as borrow from the banks. The banks cleaned up. The banks are now telling the universities to sell off assets and to get rid of staff. That the banks are taking over universities.How is this happening and why?We have to go back to the crash of 2008 caused by the banks overlending, selling debt and leveraging their debts by taking out more loans. To keep money flowing,...

With a dearth in lending, trade finance is becoming an increasingly important alternative credit investment strategy where a growing variety of shadow banks and investment funds are becoming "the new banks". Shadow banks–a term the industry generally resents–consists of financial intermediaries who facilitate the creation of credit across the global financial system. The shadow banking system can also refer to unregulated activities by regulated institutions, including hedge funds, unlisted...

Fiscal flows continue to slow modestly, but this likely means the stock market correction will continue. 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/

Size matters. Not only are they dominant but also their dominance is increasing, making large corps powerful enough to preclude government anti-trust legislation and regulation. Economics from the Top DownHow Dominant are Big US Corporations?Blair Fix

 Isn't it weird how it became fashionable for men to have such ultra tight suits that the buttons are popping off. And the ultra drainpipe trousers tended to be a bit short too, so the overall effect was a slim guy almost bursting out of his suit. A bit of a spiv look. Anyway, that's an aside, because this is a good video about how bad capitalism can get, which is also about climate change.[embedded content]Fast Fashion Is Hot Garbage | Climate Town