Mike Norman Economics

“Marxism teaches a legacy of socialism, not of gravediggers. The younger generations in China should be more socially responsible than their Western counterparts who grew up with values that emphasize individualism,” Yu Heping, a master’s degree student at the School of Marxism at China University of Political Science and Law, explained his decision to enroll on this program....MR OnlineMarxism resurges among young Chinese after CPC’s centenary proves a successGlobal Times by Hu Yuwei and...

 A nice video! Heartfelt. Is it necessary to politicise everything about China, including its performance in Tokyo Olympic?[embedded content]We can be friends instead of enemies - Alex from Xinjiang.

It is Wednesday and I have been busy on other writing projects. But today I offer some data analysis on the Greek fire tragedy as well as a short video promoting a very important festival that is coming up. Then I offer some personal insights on the accusation by the right-wing press that on-line learning is just a ruse for lazy “work-shy” professors. And to calm us after all that – we have some fine jazz from 1960....Bill Mitchell – billy blogAusterity has damaged the ability of Greece to...

My girlfriend says it's a horrible old cobweb infested thing and she hates it. So, like with King Alfred's Tower, I've manage to persuade her to go on a holiday there, but she will go around the town centre buying interesting things, like clothes and birthday cards for relatives, while I'll do the boring bit and go and look at the tower.I think it's beautiful!Broadway Tower is a folly on Broadway Hill, near the large village of Broadway, in the English county of Worcestershire, at the...

I think that the ECB and BOE already effectively have this… those systems also have much lower and less volatile interest rates on their government securities… hmmmmm… ?Couple comedic sidebars, this is funny in here:  “The Fed began intervening in money markets in September of 2019 when reserves in the banking system fell too low, leading to a spike in short-term borrowing rates.”Oh yeah like the system reserve balances just somehow “fell too low!” like they somehow just evolved from the...

GOP still digging in…. making Democrats own it…"This debt ceiling is going to cover all of the things that all of us have been opposing," McConnell told the Journal in an interview, adding the Democrats "need to do the responsible thing and raise the debt ceiling, because America must never default on its debt."Most Senate Republicans appear to be in lockstep behind McConnell in demanding Democrats lift the debt ceiling on their own. "They own it. They control it," Sen. Bill Cassidy of...

Predicted 22 years ago (too early) but we're getting close and will hit it, and surpass it, soon.

Was not expecting this for sure. Metals' producers have been actively supporting the market, but speculative liquidation the last 2 days just overwhelmed. 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/

Same old dumb arguments. How we going to pay? Did to the kids and grandkids.

 Saturday Night Comedy Club Derrick and Rodney have been invited to a fancy dress party, but on the way there their van breaks down. The pubs are near closing time and they fear that drunken louts will set about them when they leave, but they figure out that they can get to the party quickly and safely if they run down the backstreets out of sight. [embedded content]Batman and Robin | Only Fools and Horses | BBC Comedy Greats