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Mike Norman Economics

Moving Beyond Dollar Hegemony — Michael Hudson

Paper presented at Valdai Club (Russia).Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismMoving Beyond Dollar HegemonyMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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‘More dangerous than Delta’: Lambda strain detected in over 30 countries, says Malaysian health ministry

 A new Covid-19 strain that is much more dangerous than the Delta variant has been detected in more than 30 countries in the past four weeks, says the Health Ministry."The Lambda strain was reported to have originated from Peru, the country with the highest mortality rate in the world," it said in a tweet on Monday (July 5)The Daily Star‘More dangerous than Delta': Lambda strain detected in over 30 countries, says Malaysian health 

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Bill Mitchell — Staggered minimum wage increases in Australia further punish the most vulnerable workers

Last Thursday, guest blogger Scott Baum analysed the recent decision by the Fair work Commission – Annual Wage Review 2020-21 – on June 16, 2021, which raised the National minimum Wage in Australia to $772.60 per week or $20.33 per hour. See his blog post at – The working poor are still poor in Australia (July, 2021). Today, I also review that decision as part of my annual surveillance on minimum wage trends in Australia. The Fair Work Commission, is Australia’s wage setting tribunal, and as...

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How to spot a developing stock market top.

When basic conditions start to change (and they don't change often) then the market is becoming much more speculative and risks a major downturn. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Can Heterodox economics work together to make a difference? – a Review and Discussion of Phil Armstrong’s Interviews Review by Hannes Ingo Torbohm

Phil Armstrong’s Can heterodox economics make a difference? is an exemplary case study for a wish long-held for heterodox economics.[2] Armstrong’s recent contributions have revolved around the idea that if only the disparate schools of heterodoxy could work together then it would be much easier to make the case that the inertia of the mainstream could be stopped (Armstrong, 2018). This dream of the heterodox scholar would require a meeting of minds, a common framework, and a set of goals...

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