Mike Norman Economics

Transcripts.The Vineyard of the SakerStatements after Putin / Biden summitSee alsoSo who prevailed today? Cui bono, one must ask. As suggested above, the Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex (MICIMATT), never more powerful, sleeps soundly tonight.AntiWarRay McGovern: Trust Lacking at Blah Summit

Little change in policy but highly emotional reaction. Not to mention the interpretation of what it all means was wrong. 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/

 Over the last 30 years modern China has built a civilisation that is as advanced as the West, but without war, imperialism, or empire. Eric li says this is a first in history and is a model to be celebrated, but the West, which prefers imperialism, neoliberalism, and wealth extraction, has surrounded China with military bases and warships instead. [embedded content]

 BRACEVILLE, Ill. - Radioactive tritium has leaked from three-quarters of U.S. commercial nuclear power sites, often into groundwater from corroded, buried piping, an Associated Press investigation shows.The number and severity of the leaks has been escalating, even as federal regulators extend the licenses of more and more reactors across the nation.Tritium, which is a radioactive form of hydrogen, has leaked from at least 48 of 65 sites, according to U.S. Nuclear Regulatory Commission...

Global South will be unimpressed by new B3W infrastructure scheme funded by private Western interests out for short-term profit….The Vineyard of the SakerEmpire of Clowns vs. Yellow PerilPepe EscobarOriginally at Asia TimesUPDATEThe Unz ReviewThe Real B3W-NATO AgendaPepe EscobarOriginally at Asia Times

Full statement.Calculated RiskFOMC Statement: No Policy ChangeFOMC Projections and Press ConferenceBill McBride

Mike Konczal and I have a piece in the New York Times arguing that the next few years could see a historic boom for the US economy, if policy makers recognize that strong demand and rising wages are positive developments, and don’t get panicked into turning toward austerity. Given the foreign policy/military stance now, the predominance of government spending is likely to go to "defense" for the foreseeable future. This is likely to crowd out other spending initiatives and also encourage...

Following yesterday’s introduction, this is the first part of a new series which aims to explore, through some questions and answers, particular aspects of Modern Monetary Theory (MMT) which interest me. As I have already outlined some of MMT’s implications already, I will jump straight in....The Political Economy of DevelopmentQuestioning Modern Monetary Theory: Part 1Nick Johnson

This is funny the monetarist morons are reporting Brazil raising rates creating their figurative  “inflation!” while at same time recommending US raise rates to reduce their figurative “inflation!”….   paradox has no place in material systems administration…Brazil’s central bank may deliver a third straight interest rate hike https://t.co/DHRTlsN4VO— Bloomberg Economics (@economics) June 16, 2021