Mike Norman Economics

You will never believe the behavior of the “pros“. But it’s true. It really happened. 

2023 was an awesome year for MMT Trader subscribers. Can’t wait to take more of the monitors zombies’ money in 2024! 🤣🤣🤣

For the record. Not the best presentation of MMT, but it takes a positive approach. It is more or less correct, even though there are some major mistakes. So some progress on balance.Although MMT has kind of faded into the background lately, on the blogs at least, the message still seems to be filtering out there.New Trader U — Empowering Your Financial JourneyModern Monetary Theory ExplainedSteve Burns

Episode 8 in our new Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 8 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Biden people still 3.5% above their “inflation!” target….Data last week indicated US inflation over the last six months likely returned to the Fed’s 2% target on an annualized basis. Figures out Friday are poised to make the achievement official https://t.co/CAVTfVK2EA— Bloomberg Economics (@economics) December 21, 2023 And circling the toilet bowl:CNBC: "Americans are giving President Biden TERRIBLE approval numbers — no matter how you look at it."Overall: 35%Economy: 33%Foreign Policy: 29%...

Watch the whole video for a surprise ending.

The question that the mainstream economists should be paraded out in front of the public and forced to answer is how can Japan do this and experience economic growth (albeit moderate) while the rest of the world is contracting due to misconceived monetary and fiscal tightening and is recording inflation rates above the Japanese rate?The New Keynesian mob never directly answer questions like that because they cannot.William Mitchell — Modern Monetary TheoryThe parallel universe in Japan...

Here’s why I think there was no pull back. 

"It" is neoliberalism.Michael Hudson: "Well, you’ve just made the point that neoliberalism wants to make itself invisible. It’s like the devil. If there a devil, the devil wants to say he doesn’t exist. Neoliberalism says inequality doesn’t exist, exploitation doesn’t exist, and everything is quite fair."Michael HudsonIs It Over Yet?Radhika Desai and Michael Hudson

Special IssueHow can we construct an economics consistent with the biophysical limits to economic growth?The whole issue looks interesting. Real World Economics Review #106Demographics, the economy and the environment: An MMT approachRandall Wray and Yeva Nersisyan