Mike Norman Economics

 For the record. From an Austrian economist.AbstractThis paper analyzes the debt monetization proposals of Modern Monetary Theory from an Austrian structure of production perspective. It shows that this policy raises societal time preferences and reduces the number of higher order stages in the economy, leading to a higher interest rate, lower economic growth, and increased prices of consumer goods. In order to demonstrate this, it goes back to the basics and investigates the nature of...

There is no way there are millions and millions of people over 120 years old receiving Social Security benefits. That is a lie. 

Here’s what this really means, and it’s probably opposite of what you are being told. 

An interesting economic trend may be developing.

If only Elon would have said this. 

Is this guy eight years old or what?

Your email address is undeliverable.

It’s easy to get twisted during the week, but when I sit down and compile the data, I see things clearly. 

Pass it on.MMT101.ORG - Learn Modern Monetary Theory (MMT)An Explanation Of Why Taxes Don’t Fund Spending—And Why Elon Musk Is Wrong About The US Government DeficitJim Byrne - MMT101.ORG

TGA down at 450b area now … So let’s assume they keep screwing around and eventually bottom it out at 50b leaving the current threat at 400b reserves in TGA that could be forced upon the banking system … To cover that 400b, banks would need at least 1/10th of that in capital for SLR of 0.1 … (might be a bit less) but we’ll be conservative … 1/10th is 40b… so eg if banks were given 40b of additional free capital right now,  then they could cover those additional 400b reserve assets without...