Mike Norman Economics

I don't link to FT here since it has a paywall. Here is a link to Ralph's comments on the FT article on MMT.RALPHONOMICSThe Financial Times gets to grips with MMT.Ralph Musgrave

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today he is writing about impact on local communities of the current Covid-19 outbreak in Sydney. Over to Scott …Bill Mitchell – billy blogThe Pandemic, Government Failures and Accumulated Social WreckageScott Baum, Professor of Urban and Regional Analysis, School of Environment and the Cities Research Institute, Griffith...

Yeah …. Fed should “take away the punch bowl!”….  things are just going too well….Bus driver shortages are latest challenge hitting US schools https://t.co/o21yB9o5at pic.twitter.com/AncHB2mZLG— Blimling&Associates (@Blimling) August 23, 2021

They get to keep any interest they earn unlike the Fed….A group including Coinbase Global says all reserves of stablecoin USDC will shift into cash and short-term U.S. Treasuries, forgoing riskier investments https://t.co/lL587L7t60— Bloomberg Markets (@markets) August 23, 2021

Dems still have a lot of work to do on Senate side…Sen. Kyrsten Sinema still opposes her party's plans for a $3.5 trillion, party-line spending bill. And she’s not up for a negotiation about it.https://t.co/G20lcO45KD— POLITICO (@politico) August 23, 2021

Commie bloodbath wow,,,,

Nasdaq hits record. Other averages to follow. The flows drive everything and they're still very strong.

Kind of like developing chips. There's a steep learning curve and existing patents.Sixth ToneWill mRNA COVID-19 Vaccines Be China’s Ticket Out of Isolation?Ye Ruolin

Ural Federal University (UrFU) power engineers have developed a new desalination technology. It will significantly reduce the cost of desalination and quadruple the volume of production. The results of the research are published in the journal Case Studies in Thermal Engineering.…SciTechDailySimple New Way to Desalinate Water Using Solar EnergyUral Federal University

Backgrounder.Asia Times‘Forever war’ benefiting Afghans? Follow the moneyPepe Escobar