Mike Norman Economics

"Inflation" is not a problem.Calculated RiskA Few Comments on InflationBill McBride

Why competition often doesn't work as advertised.InterfluidityEconomies of scaleSteve Randy Waldman

 Do the central banks have a digital master plan in place that will see them derail bitcoin and other cryptocurrencies before they have truly been established as a viable, decentralised alternative to fiat?The supply of Bitcoin is limited, say its advocates, but new cryptocurrencies are springing up everywhere. Cryptocurrencies are crypto assets, not currencies, plus they are awkward to use and not safe (as some vaults have been hacked into), says Marshall Glitter. Questioning digital...

 Britain is dragging its feet on the digital pound. Central bank digital currencies (CBDC's) are not cryptocurrencies, and don't need blockchain technology; they are just digital versions of the national currency. See below. The Chinese CBDC is also being designed for people who live in poor rural regions who don't have bank accounts. It has the latter’s guaranteed sterling value, but with the additional permanent and indelible record for every individual transaction of amount (including...

The forbidden word is (American) "empire."Tom DispatchThe Forbidden Word—Is This Country Heading for the Exit?Tom Engelhardt

But according to the inflationista assholes it’s only the US that is experiencing “inflation!” …. Oh ok… why aren’t these assholes over in the EZ with all their effeminate whining?Next week 30 yr German bonds & Japan 10 yr bonds likely go negative yields; Italy negative out to 5 years, France negative out to 10 years; Australia & UK short maturity bonds w/in a hair of going negative; the bond bubble continues to build— Dan Bowman (@DanBowmanAMP) July 31, 2021

And with negative rates and fees to depositors… US headed there too?Good Morning from #Germany where retail deposits have hit an ATH at €2.63tn in Jun although more & more banks charging penalty interest on deposits & although inflation reduces value of money. In July, inflation rose to 3.8%. Means loss of purchasing power of deposits of €100bn pic.twitter.com/NXP1dca8Rm— Holger Zschaepitz (@Schuldensuehner) August 1, 2021

 This guy has designed his own wind generator, along with some help from his subscribers. He says that getting other people to help him greatly improved its design, whereas if someone hangs onto an idea in the hope of getting rich, they may never get to produce it, because they can get stuck and not be able to think out of the box. So his design is open source, and he mentions the areas where he thinks it can be improved, if anyone wants to have a go.The turbine only delivers 270ma, but four...

Skybrators’ generate clean energy without environmental impact of large windfarms, say green pioneersNo more ugly windmills, although I didn't find them unattractive, but this new type is even better. The giant windfarms that line hills and coastlines are not the only way to harness the power of the wind, say green energy pioneers who plan to reinvent wind power by forgoing the need for turbine towers, blades – and even wind.“We are not against traditional windfarms,” says David Yáñez, the...

 Any decent country will spend a fair amount of money on its children's education, and that includes sports.