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Mike Norman Economics

More Art degree hijinks

Here from some sad eternally ineffectual UK MMT people with the “musical chairs!” and “takes chairs away!” figurative language:Monetary policy forces the lowest income people to play a game of musical chairs with jobs. The central bank deliberately takes chairs away and the DWP blame the jobless. A Job Guarantee fixes this. https://t.co/XKZGiwLDjAhttps://t.co/P8wWzF4DXQhttps://t.co/2pgn5sTcZJ— MMT Podcast (Christian Reilly) (@MMTpodcast) July 29, 2023 And here from some monetarist people...

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Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions — Andrew Korybko

More on alternative payments system and BRICs currency.Naked CapitalismAlt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western SanctionsAndrew Korybko, American geopolitical analyst and independent journalist based in Moscow, and member of the expert council for the Institute of Strategic Studies and Predictions at the People’s Friendship University of RussiaKo

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William Mitchell — The Bank of England ‘losses’ are meaningless and should never be used to justify fiscal austerity

We really get to see how absurd humanity can be when put in a neoliberal ideological straitjacket when we see serious discussion by serious and educated people about the government paying itself back for losses it makes by loaning itself currency that it issues as a monopolist. They conduct these conversations through the lens of complicated accounting structures that try to obscure what is actually going on and then invite political commentary from others that have no real idea of what is...

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Global Economic History in 2.5 Hours — Michael Hudson

Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismGlobal Economic History in 2.5 HoursMichael Hudson. President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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