Mike Norman Economics

 😂😂😂BREAKING 🚨: Short SellersHedge Fund short sellers sustained losses of approximately $43 billion over the past few days pic.twitter.com/k2FXpsY0cZ— Barchart (@Barchart) November 22, 2023 What Art Degree Monetarist wouldn’t be short into this:You’d have to be…

Have a Happy Thanksgiving

For the record. Short.Real ProgressivesFinding the Money: A ReviewBrad Sandler

This talk is going around again and it is getting louder and louder. 

Low viewership. No growth. I don’t see the point anymore. 

Beijing: China needs to decisively ramp up fiscal spending so it can support an economy damaged by Western restrictions on trade, according to a Chinese scholar studying an unconventional school of economic thought.Jia Genliang – the co-author of the new book Modern Monetary Theory in China and a professor at the Renmin University of China in Beijing – said China should lift its headline deficit ratio to above 5% of gross domestic product on average for the next decade.…Jia is one of the...

Quarterly interest payments are typically temporary peaks in the fiscal flows.

Episode 5 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 5 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Fiscal flows are everything. Pay attention to these quarterly trends. 

I have just finished reading the excellent new book by Branko Milanovic. It’s called “Visions of Inequality” and is a tour through the history of economics since the days of Quesnay. More specifically it takes a look at how a handful of prominent economists have treated the topic of inequality. Most of you will have covered this territory before, but examining how people such as Quesnay, Smith, Ricardo, Marx, Pareto and Kuznets discussed the problem of distribution is not only an...