Mike Norman Economics

MMT at Project Syndicate!The right to employment is also included in Article 23 of the UN General Assembly's Universal Declaration of Human Rights!Project SyndicateA Just Transition Needs a Job GuaranteePavlina Tcherneva | Associate Professor of Economics at Bard College, Research Scholar at The Levy Economics Institute, and Senior Research Associate at the Center for Full Employment and Price Stability

Industrial Policy’s ComebackMarket fundamentalism has failed to improve economic and social conditions. Now, we need a mission-oriented approach to the economy that embraces an active role for government in spurring growth and innovation.Today it is precisely those “market mechanisms” that appear not to have delivered on their promise. An equally exhaustive review of the experience of several advanced economies during the last few decades—from the 2008 financial crisis, populist challenges...

In an excellent just-published book “Six faces of globalization” Anthea Roberts and Nicolas Lamp, produce six plausible narratives of globalization and what, according to each, went wrong or right with globalization. Their approach is to take a given narrative, present all its points as its defenders would, with rather minimal outside (i.e. their own) interventions, and in the second part of the book discuss overlaps and differences between these various narratives.Here, I will review the...

Note: This is a preliminary draft of a section from my inflation primer. It is an overview of the “modern” inflation experience for a few developed countries. I expect to add data and comments for a few continental European and Antipodean countries later. Bond EconomicsInflation History Overview (For Some Selected Countries)Brian Romanchuk

 Prioritizing booster shots in wealthier nations heightens the risk of Covid-19 variants emerging in nations with lower vaccination rates, the World Health Organization warned. "We're in a very unstable situation," WHO Special Envoy for Covid-19 David Nabarro told Bloomberg Television. "Please let's slow down, look at the world as a whole, and develop a response plan for the whole world and do it properly[embedded content]Bloomberg - Booster Shots Raise Risk of More Variants, WHO Warns

 A new study commissioned by the ICC Research Foundation has found that the global economy stands to lose as much as $9.2 trillion if govts fail to ensure developing economy access to C19 vaccines, as much as half of which would fall on advanced economies.International Chamber Of CommerceICC - Study shows vaccine nationalism could cost rich countries US$4.5 trillion

Paradox is normal behavior for the Art Degree trained people …. I don’t see a problem here…Portnoy's wiki says he graduated from Michigan with a degree in education… Michigan’s website says you can go either Bachelor of Art or Bachelor of Science in the Education discipline…  wiki doesn’t say which one Portnoy was awarded with … but Portnoy obviously sees AOC’s Art Degree paradox as hypocrisy…“Tax the Rich”……But first I’m gonna go have the time of my life partying with them all at the most...

Union was carved up and privatized. On September 7, 2021, in his second mainstream editorial in a week, George Soros expressed his horror at the recommendation by Black Rock, the world’s largest asset manager, that financial managers should triple their investment in China. Claiming that such investment would imperil U.S. national security by helping China, Mr. Soros stepped up his advocacy of U.S. financial and trade sanctions.China’s policy of shaping markets to promote overall prosperity,...

Shift in sectoral demand away from services toward consumer goods owing to the pandemic. The new trend toward "nesting" will likely persist for some time owing to hysteresis.McKinseyShortages of everyday products have become the new normal. Why they won’t end soon.Jaana Remes and Sajal Kohli

Fed is falling behind on RRP activity, and reserves keep rising. Fed may pull the plug on asset purchases if the debt ceiling is not raised.