Mike Norman Economics

Evidence is now in. Fed's RRP's have cleared "space" for banks to add to equities and trading assets. 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/

The ad nauseam repeated claim that our public debt is excessive and that we have to balance the public budget is nothing but absolute nonsense.Debt phobia and deficit hysteria have descended into gaslighting. Lars P. Syll’s BlogIt’s not the debt we need to fix, stupid! It’s our thinking.Lars P. Syll | Professor, Malmo University

She says currently we have an excessive demand problem and we need to expand import facilities because we can’t import enough to meet current demand … which undermines any present argument for continued general fiscal support… good job…GOP can just cite her own analysis here in support of fiscal restraint to fight their figurative “inflation!”…This just in: Democrats with the collective IQ of a bag of Cheez-Doodles insist the Fed prints $5 trillion then perform “analysis” of inflation. Talk...

Despite this, banks are in a very strong financial position. 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/

Where is the money going to come from? (snark)Actually, the estimate is between 92 and 173 trillion in USD terms over the next 30 years. It is doable but will take concerted effort in a divided world, especially when the US is divided internally on the issues involved. The problem is more political than economic.OilpriceNet-Zero 2050 May Need Up To $173 Trillion InvestmentsTsvetana Paraskova

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 the way the Federal Australian government is starving the National Disability Insurance Scheme of funding. The usual arguments are being used – ‘taxpayer’s funds’ are in short supply – which seriously undermine the future for thousands of people with disabilities. The NDIS is the national...

GOPer Flimsy Graham putting Social Security and Medicare on the table now … that ought to help loosen things up…  this going to be wild…DEBT CEILING : @LindseyGrahamSC tells us he could vote to raise debt ceiling if he gets a Social Security and Medicare trust fund commission and/or other reforms— Erik Wasson (@elwasson) July 21, 2021

Boy I bet all the bond bear inflationista assholes are going to be running for the hills now….  :pTHERE’S A LOT TO UNPACK HERE. pic.twitter.com/rnCIX1L4Hy— INVESTMENT HULK (@INVESTMENTSHULK) July 22, 2021

Not economically feasible — yet. The point is that serious people are working on this and funds are being invested.Widespread recognition of the need for going green could change things quickly.Oilprice5 Wild New Ways To Generate EnergyAlex Kiman

Technical factors related to Fed operations may create the conditions for a short-term melt up. But economic data may still hold the key. 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/