Friday , July 26 2024
Home / Mike Norman Economics (page 4)

Mike Norman Economics

Everything you want to know about MMT — Lars P. Syll

One of the positive contributions of MMT, especially from a European point of view, is that it makes it transparently clear why the euro-experiment has been such a monumental disaster. The neoliberal dream of having over-national currencies just doesn’t fit well with reality. When an economy is in a crisis, it must be possible for the state to manage and spend its own money to stabilize the economy.Lars P. Syll’s BlogEverything you want to know about MMTLars P. Syll | Professor, Malmo...

Read More »

Trump floats concept of eliminating the income tax and replacing it with tariffs

Even libertarian douchebag and alleged STEM degree Massie on board….  Would need a big GOP sweep to get it passed….I guess the tax elimination is going to over ride the debt doomsday thesis of these libertarian morons in their pea brains….  Hard to understand how their brains work….I’d  take it…  we could get rid of the tax but they would still be stupid…Can’t have everything…👍Most intriguing policy idea from the GOP meeting at the Capitol Hill Club this morning:Trump briefly floated the...

Read More »

IMF: Dollar’s “stealth erosion” in global reserves by other currencies—Serkan Arslanalp, Barry Eichengreen, Chima Simpson-Bell

Taking a longer view, over the last two decades, the fact that the value of the US dollar has been broadly unchanged, while the US dollar’s share of global reserves has declined, indicates that central banks have indeed been shifting gradually away from the dollar.BNEIMF: Dollar’s "stealth erosion" in global reserves by other currenciesSerkan Arslanalp for the IMF, Barry Eichengreen, Chima Simpson-Bell

Read More »