Mike Norman Economics

Massive additions of reserves into the banking system is not benefiial. It doesn't foster lending, and it's not stimulus. It's often the opposite.

As England celebrated 'Freedom Day', the end of most coronavirus restrictions by law, several thousand people turned out in Westminster to protest.[embedded content]https://youtu.be/zAXgG7EaoMQ

In Denmark they are ending Covid-19 restrictions because more than 80% of people above the age of 12 have had the two vaccine shots.AP News - Citing high shot rates, Danes end COVID-19 restriction

Businesses weigh losing workers in a tight labour market by requiring Covid inoculationThey say that you can't butt the market. The fisrt time I clicked on the link I was able to read the article, but not the second time.  FT - Delta variant drives wave of US employers to mandate vaccines

SouthFront FBI Raised Bounty On Taliban’s ‘Interior Minister’ To $10 Millionhttps://southfront.org/fbi-raised-bounty-on-talibans-interior-minister-to-10-million/The Unz ReviewGovernment Failure Is the New Normal: Blaming the Spies Means Never Any AccountabilityPhilip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for...

Cash assistance isn’t just a moral imperative that raises living standards. It’s also a critical investment in the health and future careers of low-income kids.Welfare helps people work” may sound like a strange and counterintuitive claim to some. But it is perfectly obvious when the word people in that sentence refers to low-income children in poor households. Poverty and lack of access to health care is a physical, psychological, and vocational burden for children. Poverty is a slow-motion...

There has been a couple of articles that have attracted attention recently in the area of interest rates. Matthew C. Klein offered a summary of them in “Inequality, Interest Rates, Aging, and the Role of Central Banks.” The first paper was by Adrien Auclert, Hannes Malmberg, Frédéric Martenet, and Matthew Rognlie, and the second by Atif Mian, Ludwig Straub, and Amir Sufi.I will point the reader who is interested in those articles to Klein’s piece on the basis that I have not yet read those...

This post contains every known repository of MMT-exclusive (Modern Monetary Theory) academic papers. With special thanks to Scott Fullwiler.EVERY KNOWN REPOSITORY OF MMT-EXCLUSIVE ACADEMIC PAPERSActivist#MMThttps://activistmmt.org/scholarship

With that power, Xi is addressing a spate of societal woes, from people not having enough babies and an unhealthy obsession with educational achievement to young adults so stressed by the rat-race that they would rather drop out and "lie flat". New rules curb young people spending too much time playing online games and too much money promoting their idols.  Yew Lun Tian - Analysis: Unleashing reforms, Xi returns to China's socialist roots

Risk asset sales (stocks) may come due to ever-rising bank reserve balances. Fed behind the curve?