Mike Norman Economics

Short Keynes quote.The Case for Concerted ActionJohn Maynard Keynes On Import ControlsV. Ramanan

Important. Here is the beginning of a debate over MMT and Marx, if Bill (and perhaps other MMT economists) take up the challenge. But I think Bill is much more acquainted with Marx than other MMT economists — excepting Peter Cooper, of course, but I am not sure how he would characterize himself. Hopefully, Peter will join in the debate at his blog (heteconomist.com), which is the premier site treating MMT and Marx.There are a lot of details in the post and I would like to hear an exchange...

‘Influencing’ Government Vaccine Advisory PanelThe AntiVaxxers are everywhere, even high up in the British government. A look at the antivax, right-wing, groups who have infiltrated some British government bodies, and the government itself. A Government advisor who sat on the Joint Committee on Vaccination and Immunisation (JCVI), which in September recommended not giving vaccines to children aged 12-15 years old, appears to be secretly linked with organisations that operate as part of a...

Françoise Drumetz and Christian Pfister have enlivened us with a new Banque de France working paper “The Meaning of MMT.” I have read a lot of critiques of Modern Monetary Theory (MMT) over the years, and summarised what I saw as the reasonable critiques in a chapter in my latest book, “Modern Monetary Theory and the Recovery.” The Drumetz and Pfister article is somewhat novel in its approach when compared to the fairly dismal track record of earlier neoclassical critiques, but the...

Record year spending-wise, but a significant drop-off occurred in September, and that weakened stocks.

Video and transcript.The Vineyard of the SakerDebate : Michael Hudson and Thomas Piketty

Another attempt to explain what the CCP is doing and the motivation behind Xi Jinping's thinking. The author speaks Mandarin and a student of Chinese culture. Worth a read.I view this as another moment in the historical dialectic involving traditionalism and liberalism, and the process of decolonization.The Chinese leadership appears to understand this dynamic and is jumping in to shape in with Chinese characteristics in China. I support the approach of putting a leash on capitalism, which...

Can’t even make this up… Paul to Art Degree lawyer Becerra: “Are you a Medical Doctor? Do you have a Science Degree?”Becerra has an Art Degree in Economics lol!  I’m not making this up why would I make it up? Don’t have to…  probably doesn’t know the atomic number of Hydrogen…President scrambled eggs for brains puts an Art a degree lawyer in charge of national health policy… so what does this moron do?  Turns health care into a dialogic argument right on cue…This is the same as “the coin!”...

It's all about the flows, and I've been telling you that flows have been slowing, which means economic activity, corporate profits and stocks are all correcting lower. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

Backgrounder. Should-read for all who want to understand the dynamic of Afghanistan and its place in geopolitics.The CradleThe Pashtun will outlast all empires, but can they hold Afghanistan's center?Pepe Escobar