Mike Norman Economics

Fiscal flows have slowed to levels not seen in 4 years. This could mean zero economic growth or even negative.

 The policeman being interviewed says that he defected from China because his job was to intergate innocent Uyghurs and put them in concentration camps. During the interview he is wearing his policeman suit, which he says was the one that he wore in China. So, when fleeing China - where he might never return - to go all the way to Europe, he grabbed as many possessions as he possibly could and shoved them all, along with his policeman's suit, into his suitcase. This video is my opinions and...

See the young lady presenting the evidence continuously squirm as she says, "oh I'm not sure about that, oh!" This whole media stunt was supposed to be a walk in the park for everyone who was paid to be there until one professor decided to ask real questions. It got real funny after that![embedded content]https://youtu.be/mCtOh_7_tDo

No problem. The Nordstream 2 pipeline will be filled with gas by November according to Gazprom. BTW, what happened to the US LNG that was supposed to replace Russian gas?Sputnik InternationalWestern Europe May Not Weather the Winter Without Russian GasNevin Brown

Another timely rant.CaitlinJohnstone.comAnyone Who’d Support Going To War Over Taiwan Is A Crazy IdiotCaitlin Johnstone

Sounds like a plan, especially now with the implosion of RE speculation. The bottom line seems to be controlling systemic risk. Second is addressing sources of economic rent extraction, monopoly in particular. It appears they have thought this through and it is not a knee-jerk reaction.Yahoo FinanceChina’s Central Bank Governor Vows More Fintech CrackdownBloomberg News

 Paul Robinson calls BS on blaming Putin for the gas crisis in Europe.IrrussianalityFull of GasPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa

Of course, the bug is enforcement. Plus, stronger nations will likely dominate (domineer). Hard to see how this actually works on the practical level.Sputnik InternationalGlobal Corporate Tax Rate Deal Agreed On by Over a Hundred CountriesAndrei Dergalin

“If we’re actually trying to create a paradigm shift, where average people can start to understand how money works,” [Rohan] Grey added, “the coin is big enough and loud enough and shocking enough to cut through the noise and reframe the entire debate.” The starting point for that shift, he says, is to create a widespread recognition that debt and money financing are “functionally equivalent.”...The New RepublicMint the $1 Trillion Coin to Fight Climate Change | The New RepublicKate Aronoff,...

For both Marx and MMTers, money is a social relationship. For Marx, the social relationship is fetishized in a commodity for reasons that stem from the nature of commodity production. Money only becomes necessary, for Marx, when it is impossible for a currency to represent social labor time directly, which is the case under commodity production in which concrete labors are converted into abstract labor (i.e. marxian value) only indirectly through the workings of the ‘law’ of value. For...