Mike Norman Economics

Jerome Powell is going to speak at the Jackson Hole symposium where he will talk about taper and the zombies will go nuts.

Keynes quote. "Keynesian" subsequently came to be understood in terms of John Hick's interpretation of the General Theory based on IS/LM.Lars P. Syll’s BlogKeynes was not a Keynesian. He was a Post Keynesian!Lars P. Syll | Professor, Malmo University

Note: This is an unedited excerpt section from my latest manuscript, which is an inflation primer. Unlike my previous writings, this planned book largely stays clear of theoretical disputes, and mainly discusses what we know for sure about inflation. This section dips a bit into theories — mainly to say to read about them elsewhere.I view this text as very preliminary. I will take a long look at it again once I have the rest of the book put into place. My plan is that the book was supposed...

This newsletter is called The Lens for a reason. My research and policy analysis is grounded in a macro framework known as MMT or Modern Monetary Theory. MMT is the lens through which I analyze the macro economy and evaluate economic policy. Please bear that in mind as you read on.The LensWhat Every American Needs to Know About the Congressional "Pay-For" Game (Part 1)What Every American Needs to Know About the Congressional "Pay-For" Game (Part 2)Stephanie Kelton | Professor of Public...

I don't link to FT here since it has a paywall. Here is a link to Ralph's comments on the FT article on MMT.RALPHONOMICSThe Financial Times gets to grips with MMT.Ralph Musgrave

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today he is writing about impact on local communities of the current Covid-19 outbreak in Sydney. Over to Scott …Bill Mitchell – billy blogThe Pandemic, Government Failures and Accumulated Social WreckageScott Baum, Professor of Urban and Regional Analysis, School of Environment and the Cities Research Institute, Griffith...

Yeah …. Fed should “take away the punch bowl!”….  things are just going too well….Bus driver shortages are latest challenge hitting US schools https://t.co/o21yB9o5at pic.twitter.com/AncHB2mZLG— Blimling&Associates (@Blimling) August 23, 2021

They get to keep any interest they earn unlike the Fed….A group including Coinbase Global says all reserves of stablecoin USDC will shift into cash and short-term U.S. Treasuries, forgoing riskier investments https://t.co/lL587L7t60— Bloomberg Markets (@markets) August 23, 2021

Dems still have a lot of work to do on Senate side…Sen. Kyrsten Sinema still opposes her party's plans for a $3.5 trillion, party-line spending bill. And she’s not up for a negotiation about it.https://t.co/G20lcO45KD— POLITICO (@politico) August 23, 2021

Commie bloodbath wow,,,,