Mike Norman Economics

Lars comments on a quote from Stephanie Kelton's The Deficit Myth showing the loanable funds theory being inconsistent with stock-flow accounting.Lars P. Syll’s BlogMMT — debunking the deficit Lars P. Syll | Professor, Malmo University

Not much happening regarding MMT these days.Herer is an anecdotal report on Russian banking. And, yes, you read that right. You get 24% not the bank.Doctorow is an American residing in Brussels who spends a good deal of time in Russia. His wife is Russian and he is fluent in Russian. A "Russianist," he has a a PhD in history (Harvard) and is a retired business person. His reporting does not conform to the narrative.Gilbert Doctorow—International relations, Russian affairs 24 per cent annual...

The conclusion is that it’s a lot easier to talk about creating truly alternative institutions than actually doing so, which means that BRICS will likely just remain a talking club, or a “multitasking laboratory of global governance” as Kortunov diplomatically described it. That’s not to downplay the group’s role since it’s important for major and developing non-Western countries to discuss pressing issues of the evolving world order, especially economic-financial ones, but that’s not the...

I see conditions ahead that will determine how the economy will be.

If so, do you know what to do with this information?

Economic activity, interest income transfers, rate cuts. All happening.

Does shrinking the government lead to you keeping more of your money? 

The truth sometimes is uncomfortable. 

Please help me with coming up for an explanation for the national debt discussion. 

From mid January 2025.