Mike Norman Economics

Richard Murphy piles on in criticizing the Richmond Fed's recent article on MMT. It was not only wrong, it was unprofessional.Tax Research UKIf the critics of modern monetary theory want to be taken seriously they have to get their facts rightRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Scientists are excited about an experimental nuclear reactor using thorium as fuel, which is about to begin tests in China. Although this radioactive element has been trialled in reactors before, experts say that China is the first to have a shot at commercializing the technology."Innovation."NatureChina prepares to test thorium-fuelled nuclear reactorSmriti Mallapaty

MMT.Saultonline (Canada)Peter Chow: Money, The National Deficit, The National Debt and Taxes

What Modern Monetary Theory (MMT) does is more or less what Knut Wicksell tried to do more than a hundred years ago, when he in 1898 wrote on ‘pure credit systems’ in Interest and Prices (Geldzins und Güterpreise). The difference is that today the ‘pure credit economy’ is a reality and not just a theoretical curiosity — MMT describes a fiat currency system that almost every country in the world is operating under.Lars P. Syll’s BlogMMT and the deficit mythLars P. Syll | Professor, Malmo...

[embedded content]Micky Flanagan on going 'Out Out'

I'm sure everyone who was old enough remembers that terrible day no matter where you were. I was down there that day and can still remember it like it was yesterday.

Massive additions of reserves into the banking system is not benefiial. It doesn't foster lending, and it's not stimulus. It's often the opposite.

As England celebrated 'Freedom Day', the end of most coronavirus restrictions by law, several thousand people turned out in Westminster to protest.[embedded content]https://youtu.be/zAXgG7EaoMQ

In Denmark they are ending Covid-19 restrictions because more than 80% of people above the age of 12 have had the two vaccine shots.AP News - Citing high shot rates, Danes end COVID-19 restriction

Businesses weigh losing workers in a tight labour market by requiring Covid inoculationThey say that you can't butt the market. The fisrt time I clicked on the link I was able to read the article, but not the second time.  FT - Delta variant drives wave of US employers to mandate vaccines