Mike Norman Economics

States with lots of antivaxxers will feel it in their pockets as their economies dive. Fox News mandates vaccines, but this is never mentioned in its broadcasts, or that Rupert Murdoch got vaccinated. Vaccinations have become politicized: The AntiVaxxers of the past few decades were founded on a debunked belief linking Vaccines and Autism.Thanks to Q-Anon, Fox News, OANN, NewsMax (and others), large swaths of the population now believe that Vaccines are problematic.What was once a bizarre...

 Jonathan Cook put out an article today about how covid vaccines are leaky, which could promote dangerous mutations. He tweeted research that was done by Professor Andrew F. Read and his colleagues. I replied straight away debunking Cook when there were only a few comments, so he must have seen my tweet. I got only one like, but my tweet completely demolished his article. There are only 37 replies to Jonathan Cook's tweet, and he replied to a number of people, but completely ignored mine up...

Shelton on with Bannon this week to discuss the current economic situation under the Biden people… A lot wrong here … they think abstractions are real… banks have a choice to possess regulatory reserves… banks lend out the reserves… much more… And she was nominated to Fed so she is typical of the type of people there and going there..,  MMT complete failure of pedagogy… we’re still in big trouble…

The CPC will soon tame the Evergrande collapse without much problem, says Ed Yardeni. Also, he says how the central bankers learnt a lot in 2008, so were able to keep the economy going during this pandemic.Ed Yardeni, Research President and Chief Investment Strategist, talks the implications of China Evergrande's potential collapse[embedded content]https://youtu.be/Edbd3db_uDY

1Department of Applied Mathematics and Statistics, Stony Brook University, Stony Brook, NY, USA2De Vinci Finance Lab, École Supérieure d'Ingénieurs Léonard de Vinci, Paris, FranceWe will subsequently discuss why we argue that neoclassical economic and finance theory is not an empirical science as presently formulated—nor can it become one. In physics, observables are processes obtained through the theory itself, using complex instruments. Physical theory responds to empirical tests in toto;...

But GOP Sen. McConnell is loudly declaring no GOP will support raising it, and has threatened a filibuster, although reconciliation can get around that if all Dems agree. However, even as he is loudly declaring not GOP support for raising the debt ceiling, he is also demanding that it be raised so that government bills get paid. I really have no comment on this further, aside from noting that this is just further evidence on why this silly thing needs to be done away with once and for...

McConnell not bluffing…. This weeks tax haul pretty high though and TGA + EMs now back up to 490B … and leading spending rate is falling we probably can last into November before “out of money!”….Mitch McConnell warns that Republicans won't back down from vow to force Democrats to raise debt ceiling alone: 'Do you guys think I'm bluffing?' https://t.co/qexPJ3BERz— Metro_TV (@Headlinenews_) September 17, 2021

The US, UK, Canada, and Australia are circling the wagons and everyone else is outside the circle. In addition, Australia just pained a big target on itself for China's missiles. Strategic brilliance.Magpie's Asymmetric WarfareAustralia’s Back-Stabbing Diplomacy.Magpie

These debates are in part about economic questions — both what the constraints on issuing new public-sector liabilities (“borrowing”) are in principle, and of how close we are to those constraints in practice. But a second and arguably more important dimension of the debate is political: In a public or legislative debate, what are the advantages and disadvantages of linking proposals for public spending with proposals for increased taxes?I think it’s useful to think of this second question...

Got lucky with a beautiful day. Gorgeous hike.