Mike Norman Economics

 Stephen John Lewis is not an MMTer, but he then goes on to explain why he thinks China uses an MMT type system and why they could outsmart the West with it.  He's not saying that MMT doesn't work, but that it's too authoritarian. Does this mean I am switching my allegiance to supporting MMT? No, it very much does not. Firstly I worry about the concentration of power, second I worry about the ability of any governing authority to pick the necessary interventions well and third it’s...

 NowThis News. 38 watching now. Started streaming 8 minutes agoWHITE HOUSE CORONAVIRUS BRIEFING: Members of the White House COVID-19 response team and public health officials are holding a press briefing to discuss their efforts to combat the ongoing pandemic.[embedded content]

Robert Steele said to the bitter end that Covid was a hoax, and now his contrarian friends are saying that the hospital killed him, despite the fact that Robert David Steele said it was a good hospital.  A former CIA officer who claimed to be the first person to call Covid-19 a hoax, died from the disease after battling for life for nearly a month in a hospital.Robert David Steele, a veteran of the US marine corps and a QAnon supporter, promoted several conspiracy theories, including one...

Delta changes everything, so lockdowns are not so effictive now. With lots of people vaccinated, it may be better to change tactics, but modeling in Australia shows a possible disaster for some. Since March last year Victorians have endured six lockdowns and some of the toughest restrictions anywhere in the world.Yesterday the Andrews government did an abrupt about face, abandoning the zero COVID mindset that's underpinned its strategy for more than a year and telling Victorians they now...

As I provided a detailed analysis of the National Accounts release yesterday, today, I am writing less via the blog and am shifting the Wednesday music feature to Thursday. That makes sense. Today, I am bemoaning the creation of the Bank of Goldman Sachs, formerly known as the Bank of England. Groupthink seems to plague this institution. And then, to restore equanimity, we have a music tribute to Lee ‘Scratch’ Perry who died in Jamaica this week....Bill Mitchell – billy blogThe Bank of...

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Big miss on today's ADP payroll number. This could portend a weaker than expected job number on Friday and market reaction. 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/

Some scholars have argued that China’s economic opening-up was a result of Chinese leaders’ acceptance of neoliberalism. But unlike neoliberal economists who consider economic openness as a goal itself, Chinese leaders treated economic openness as a strategic means to achieve domestic goals.…East Asia ForumExplaining the globalist dimensions of Chinese nationalismZeying Wu, PhD candidate in Political Science at Boston University

In the future, China will continue to stick to the principle that a "house is for living, not speculating," said Wang....ECNSChina says it has built the world's largest housing guarantee systemCGTN