Mike Norman Economics

My TED Talk Ask not, "How will you pay for it?" but "How will you resource it?"Stephanie Kelton Sep 9Last month, I posted the script from the TED talk I recently gave in Monterey, CA. The talk is now live and currently being featured over at https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits

Sweden decided not to pursue a nationwide lockdown, unlike most European nations. The statistics show this did not help its economy.  Coronavirus: Sweden GDP Falls 8.6% in Q2, More Than Nordic Neighbors

UK mortality would have almost doubled had Swedish policy been adopted, while Swedish mortality would have more than halved had Sweden adopted UK or Danish strategies.Comparing the responses of the UK, Sweden & Denmark to C19 using counterfactual modelling

 This channel looks good!No! Quantitative Easing (QE) is not the same as money printing. This video explains exactly what the meaning of quantitative easing is and what the differences are with money printing. [embedded content]Money and Macro - How Quantitative Easing Differs from Money Printing | QE Explained

Evonomics on tweeted about an article on What Is Money. I read the article but it was so complicated, so I refered to my own two MNEs article that I wrote here on MNEs on what is money. I wasn't contradicting the Evonomics article, I just thought my simple explanation was good enough for most people, because you can clearly see how money works. Just the same, someone tried to take me to task because they could not see how money was work in a stored form. Work gets converted to money, and...

I recently watched a video by Economics Explained about the risk of hyperinflation in the US, but when he referred to Weimar Germany and Zimbabwe, I stopped watching it. In the video below, Macro and Money describe why the US is unlikely to experience hyperinflation.As an economist who studied inflation and monetary policy during his PhD, I was rather confused about one of the latest Economics Explained (EE) videos which makes wild claims and introduces many (seemingly) new theories. So, in...

The latest IPCC report paints a picture of five potential futures for humanity. In the worst one, if corporations keep calling the shots, we could see catastrophic warming of up to 5.7˚C....Humanity is living "beyond its means" with respect to real resource use and externality. The problem is that price is not based on true cost including negative externality, which vitiates the balancing power of market forces based on rationing by price. But true cost accounting would change things in a...

What? Just go get some people from unemployment to fly the planes… sheesh how simple can it be…American Airlines pilots' union to strike over fatigue, overscheduling https://t.co/lr2rpaCwTM pic.twitter.com/gzdZfvZPPx— Yahoo Finance (@YahooFinance) September 8, 2021

MAGA GOP position currently slash and burn… government shutdown on Oct 1 then followed by default around  October 15th… 

Peter May totally pwns Simon Wren-Lewis in typically British style. File under MMT.Progressive PulseTraditional lefty economists….Peter May