Mike Norman Economics

Another superb video!While the risk of economic catastrophe in the form of inflation, stagflation, hyperinflation or asset price bubbles is real, money printing can be done responsibly.[embedded content]Money And Macro - How to Print Money without Causing Inflation

Part II of The Souls of the People seriesWhat Clint describes in this post is highly correlated with the Powell Memo (1971), although the results did not become clearly visible until the Reagan presidency.Clint BallingerThe Most Fatal Ailment

The Great Game hits a speed bump in the graveyard of empires. The US throws in the towel, the UK wants to continue it.The Vineyard of the Saker9/9 and 9/11, 20 years laterPepe Escobar

This is not just a matter of markets requiring a system of enforced property rights, which presupposes government, at least in rudimentary form. In monetary economies, functioning markets also require a viable currency, one that is generally accepted in exchange. Government ensures a currency’s acceptance when it imposes and effectively enforces taxes that are payable only in that particular currency. This is true not only of exogenous taxes but of taxes on consumption, income and wealth so...

My TED Talk Ask not, "How will you pay for it?" but "How will you resource it?"Stephanie Kelton Sep 9Last month, I posted the script from the TED talk I recently gave in Monterey, CA. The talk is now live and currently being featured over at https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits

Sweden decided not to pursue a nationwide lockdown, unlike most European nations. The statistics show this did not help its economy.  Coronavirus: Sweden GDP Falls 8.6% in Q2, More Than Nordic Neighbors

UK mortality would have almost doubled had Swedish policy been adopted, while Swedish mortality would have more than halved had Sweden adopted UK or Danish strategies.Comparing the responses of the UK, Sweden & Denmark to C19 using counterfactual modelling

 This channel looks good!No! Quantitative Easing (QE) is not the same as money printing. This video explains exactly what the meaning of quantitative easing is and what the differences are with money printing. [embedded content]Money and Macro - How Quantitative Easing Differs from Money Printing | QE Explained

Evonomics on tweeted about an article on What Is Money. I read the article but it was so complicated, so I refered to my own two MNEs article that I wrote here on MNEs on what is money. I wasn't contradicting the Evonomics article, I just thought my simple explanation was good enough for most people, because you can clearly see how money works. Just the same, someone tried to take me to task because they could not see how money was work in a stored form. Work gets converted to money, and...

I recently watched a video by Economics Explained about the risk of hyperinflation in the US, but when he referred to Weimar Germany and Zimbabwe, I stopped watching it. In the video below, Macro and Money describe why the US is unlikely to experience hyperinflation.As an economist who studied inflation and monetary policy during his PhD, I was rather confused about one of the latest Economics Explained (EE) videos which makes wild claims and introduces many (seemingly) new theories. So, in...