Mike Norman Economics

"Sweden's strategy would 'likely result in a massacre' in a different country"It now has up to 10 times as many COVID-19 deaths per capita as its Nordic neighbors.Sweden also didn't fare much better economically, suggesting its gamble didn't pay off.Sweden has recorded more COVID-19 cases per capita than most countries so far: Since the start of the pandemic, roughly 11 out of every 100 people in Sweden have been diagnosed with COVID-19, compared with 9.4 out of every 100 in the UK and 7.4...

 A counter view on Sweden.Sweden looks good compared to Britain, but bad when compared to its neighbours. More to come. If you look only at Covid deaths then Sweden does as badly as Britain, at least in the first wave (not the second, which is very much still ongoing). But factor in collateral damage, and things change. Studies of all age-adjusted deaths – not just deaths from the virus – shows an increase of just 1.5 per cent in Sweden last year: England’s were up 10 per cent. Excess deaths...

 Sweden’s failing strategy - a virus breeding hothouse.As of April 16, 2021, more than 13 700 people have died from COVID-19 in Sweden. The country has one of the highest infection rates in western Europe according to Our World in Data COVID-19 statistics, with 606 new infections per million per day, while its neighbours Denmark, Finland, and Norway reported 115, 62, and 112 new infections per million per day, respectively (April 15, 2021). New and more infective and deadly variants have...

 THE ZERO COVID STRATEGY PRESERVES FREEDOMS MORE EFFECTIVELYYebeer Ban-Yam is a physicist who studies pandemics Here's the research - but some people prefer short term freedom which only makes thing worse in the long run. 44 times more deaths, 2021 second-quarter GDP set back several years, weakly defended freedoms, reduced mobility: the G10 anti-Covid strategy is on the losing end in every respectInstitut économique Molinari has issued a new study on the lasting value of Zero Covid...

 David Graeber wrote a book about BS jobs, but it did not make a lot of sense to me as I was being worked to death in my blue collar job, but so were the middle managent. Work just seemed to take over life. My manager was putting in so many hours that he said the cleaners earnt more than him. But according to this guy there are plenty of BS jobs in the American tech industry. The day that changed everything. In a wild sequence of events starting with Dr. Fauci’s testimony that morning, and...

 How Many Americans Have Died of COVID Because of Disinformation from Tucker Carlson?[embedded content]

Jerome Powell is going to speak at the Jackson Hole symposium where he will talk about taper and the zombies will go nuts.

Keynes quote. "Keynesian" subsequently came to be understood in terms of John Hick's interpretation of the General Theory based on IS/LM.Lars P. Syll’s BlogKeynes was not a Keynesian. He was a Post Keynesian!Lars P. Syll | Professor, Malmo University

Note: This is an unedited excerpt section from my latest manuscript, which is an inflation primer. Unlike my previous writings, this planned book largely stays clear of theoretical disputes, and mainly discusses what we know for sure about inflation. This section dips a bit into theories — mainly to say to read about them elsewhere.I view this text as very preliminary. I will take a long look at it again once I have the rest of the book put into place. My plan is that the book was supposed...

This newsletter is called The Lens for a reason. My research and policy analysis is grounded in a macro framework known as MMT or Modern Monetary Theory. MMT is the lens through which I analyze the macro economy and evaluate economic policy. Please bear that in mind as you read on.The LensWhat Every American Needs to Know About the Congressional "Pay-For" Game (Part 1)What Every American Needs to Know About the Congressional "Pay-For" Game (Part 2)Stephanie Kelton | Professor of Public...