Mike Norman Economics

SouthFront FBI Raised Bounty On Taliban’s ‘Interior Minister’ To $10 Millionhttps://southfront.org/fbi-raised-bounty-on-talibans-interior-minister-to-10-million/The Unz ReviewGovernment Failure Is the New Normal: Blaming the Spies Means Never Any AccountabilityPhilip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for...

Cash assistance isn’t just a moral imperative that raises living standards. It’s also a critical investment in the health and future careers of low-income kids.Welfare helps people work” may sound like a strange and counterintuitive claim to some. But it is perfectly obvious when the word people in that sentence refers to low-income children in poor households. Poverty and lack of access to health care is a physical, psychological, and vocational burden for children. Poverty is a slow-motion...

There has been a couple of articles that have attracted attention recently in the area of interest rates. Matthew C. Klein offered a summary of them in “Inequality, Interest Rates, Aging, and the Role of Central Banks.” The first paper was by Adrien Auclert, Hannes Malmberg, Frédéric Martenet, and Matthew Rognlie, and the second by Atif Mian, Ludwig Straub, and Amir Sufi.I will point the reader who is interested in those articles to Klein’s piece on the basis that I have not yet read those...

This post contains every known repository of MMT-exclusive (Modern Monetary Theory) academic papers. With special thanks to Scott Fullwiler.EVERY KNOWN REPOSITORY OF MMT-EXCLUSIVE ACADEMIC PAPERSActivist#MMThttps://activistmmt.org/scholarship

With that power, Xi is addressing a spate of societal woes, from people not having enough babies and an unhealthy obsession with educational achievement to young adults so stressed by the rat-race that they would rather drop out and "lie flat". New rules curb young people spending too much time playing online games and too much money promoting their idols.  Yew Lun Tian - Analysis: Unleashing reforms, Xi returns to China's socialist roots

Risk asset sales (stocks) may come due to ever-rising bank reserve balances. Fed behind the curve?

Another superb video!While the risk of economic catastrophe in the form of inflation, stagflation, hyperinflation or asset price bubbles is real, money printing can be done responsibly.[embedded content]Money And Macro - How to Print Money without Causing Inflation

Part II of The Souls of the People seriesWhat Clint describes in this post is highly correlated with the Powell Memo (1971), although the results did not become clearly visible until the Reagan presidency.Clint BallingerThe Most Fatal Ailment

The Great Game hits a speed bump in the graveyard of empires. The US throws in the towel, the UK wants to continue it.The Vineyard of the Saker9/9 and 9/11, 20 years laterPepe Escobar

This is not just a matter of markets requiring a system of enforced property rights, which presupposes government, at least in rudimentary form. In monetary economies, functioning markets also require a viable currency, one that is generally accepted in exchange. Government ensures a currency’s acceptance when it imposes and effectively enforces taxes that are payable only in that particular currency. This is true not only of exogenous taxes but of taxes on consumption, income and wealth so...