Mike Norman Economics

Doubling the counterparty limit may have turned things short-term bullish. 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/

The Profits of War. The costs and consequences of America’s twenty-first-century wars have by now been well-documented — a staggering $8 trillion in expenditures and more than 380,000 civilian deaths, as calculated by Brown University’s Costs of War project. The question of who has benefited most from such an orgy of military spending has, unfortunately, received far less attention.Corporations large and small have left the financial feast of that post-9/11 surge in military spending with...

 Expect Russia to share more military and dual-use technology with China and Iran. Hey, it's just business, right?Sputnik InternationalUS House Passes Legislation Funding Israeli Iron Dome Defense System

I avoid post links to overtly political matters but this is relevant to unfolding events that involve a constitutional crisis. It's also a legal matter. The soft coup attempts, first against Trump and then against Biden, have taken dirty tricks to a new level. We will be paying attention to developments.Angry BearEastman’s six-point memo of instructions for overturning the 2020 election

The Asian Century shaping up?The CradleEurasia takes shape: How the SCO just flipped the world orderPepe Escobar

 What's new in the Banana Republic of America?Impeachment as political farce.Sputnik InternationalGOP House Members File Impeachment Articles Against Biden Over 'Clear Violations of His Duties'RelatedPayback for Russiagate? Or just politics as usual in the Land of the Free, the upshot of which is the US government losing legitimacy with the American people no matter who is elected. Dangerous.Bannon Admits He Spoke With Trump About 'Killing' Biden Presidency Ahead of Deadly Capitol Riot

Roger Farmer critiques MMT.Roger Farmer's Economic WindowAn Interview with Roger Farmer by Phil Armstrong: Part 4 of 4: On Modern Monetary TheoryRoger Farmer | Distinguished Professor of Economics at UCLA

Part of my working day is spent updating databases and studying the additional observations. I learn a lot that way about trends and how far off the mark my expectations of a particular phenomenon might be. Today I updated various labour market datasets from Britain and did some digging into the relationship between vacancies and pay. It is clear that as the British economy opens up again, that unfilled job vacancies have grown very strongly over the Northern summer. While that is a good...

No way in hell this thing passes now…This is a disgrace! House Democrats voted to cut $1B in funding for Israel’s Iron Dome, the missile defense that saved thousands of lives as Hamas rained rockets on innocent Israelis this year. Restore Iron Dome Funding Now! America stands with Israel ????https://t.co/skhRZHJhMW— Mike Pence (@Mike_Pence) September 21, 2021

Lowest of any President in US history… he has effectively zero political capital left… GOP simply will not participate in the Dem CR with polling this low… which means if Dems don’t revise the current legislation we get a Government shutdown at least and highest likelihood of default due to debt ceiling yet…As of yesterday’s DTS the TGA + EMs = 470b so we at least have another 6 weeks for them to figure it out…