Mike Norman Economics

Scientists are only just discovering the enormous impact of our gut health – and how it could hold the key to everything from tackling obesity to overcoming anxiety and boosting immunityThe great opportunity – but also the great difficulty – of gut microbiome science is that poor gut health is associated with such a vast range of conditions, from obesity and degenerative brain diseases to depression, inflammatory bowel disease and chronic inflammation. “The microbiome is associated with...

Surging bank deposits constrain a bank's ability to lend due to regulatory constraints.

The US disaster in Afghanistan. As the US pulls its troops out of Afghanistan, Robert Inlakesh asks why they’re going now and whether any good came from America’s longest war. Did the US ultimately just create more terrorism?[embedded content]

The first half of the post is about blaming Russia, which is US politics. The last half is about crypto as necessary condition for ransomware, which is real. Ransomware is just one aspect of growing cybercrime, and "Russia" is neither the problem nor the solution. It is a distraction for political purposes.Moon of AlabamaRansomware: Stop Blaming Russia And Tackle The Real Villains - Cryptocurrencies

People couldn't see the colour blue or pink so well in ancient times, they just saw shades of grey or red, it is believed, as these colours were never documented in any their texts. But neuroscientists believe that as people began to differentiate these hues more, the brain adapted so they they became more distinct colours in their own right.[embedded content]Why The Ancient Greeks Couldn't See Blue

I was debating with some Bitcoiners, who said that central banks cause inflation. I then found these two interesting articles. Similar analysis on the eurozone reflects the same trend: Central bank money printing is largely irrelevant to money supply and inflation.Given their typical mandate to create moderate inflation, the all-powerful central banks seem quite powerless. Or they are simply fighting forces they cannot overcome: namely, the negative demographics and negative productivity...

Even Schumer throwing in the towel for July…. 99%  “debt ceiling!” going to be imposed end of month… then a matter of for how long it remains in effect…Schumer says Senate may work into August to pass infrastructure plan, reconciliation bill https://t.co/6dyULATut3— FOX Business (@FoxBusiness) July 9, 2021

Loans accelerated by the most in 4 months in response to a big fall in reserves.

China is not a threat to anyone, says Jeff Sachs. A very good interview. Jeff Sachs talks with Rob Johnson about the tragedy of modern geopolitics, and how our current race to the bottom could be reversed.[embedded content]

More “banks lend out the reserves!” belief… i.e. cognitive reification of Accounting abstractions… this is ofc not unique to USD zombie China…China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending in the economy as growth starts to wane https://t.co/624rGOniv6— Bloomberg Markets (@markets) July 9, 2021