Mike Norman Economics

 Russia remembers its old ally, while the US imposes more sanctions.Russia dispatched nearly 100 tons of humanitarian aid to Cuba, the Defense Ministry said Saturday, following unprecedented street protests over the communist country's worst economic crisis in decades.The delivery was directly ordered by President Vladimir Putin, it said.Russia Sends Aid to Cuba After Anti-Government Protests

Easily the best video I've seen about Space-time.  Is it possible to go faster than the speed of light? Would this mean going back in time? What is so fundamental about this precise speed?[embedded content]We all move at the Speed of Light

The website Age of Economics has been carrying out a series of interviews with economists about what the purpose of the discipline it is, and what its relationship is to capitalism as a historical social system. I believe there will be 52 of these interviews, one each week over the course of 2021. Earlier this spring, they interviewed Arjun Jayadev and myself. You can watch video of the interview here. I’ve pasted the transcript below....J. W. Mason's BlogAt Age of Economics: How Should an...

Yo, they  just had $700b in their account at the Fed and they can put IOUs in the FERS for a couple hundred $B… there is no hurry… they can spend their account down to zero in several months… and  they don’t need some stupid “coin!” …. they can take the rest of the summer off and worry about this in the fall…Secretary Janet Yellen said the Treasury Department will begin special steps to avoid breaching the U.S. debt limit, while urging lawmakers to act “as soon as possible”...

Evidence is now in. Fed's RRP's have cleared "space" for banks to add to equities and trading assets. 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/

The ad nauseam repeated claim that our public debt is excessive and that we have to balance the public budget is nothing but absolute nonsense.Debt phobia and deficit hysteria have descended into gaslighting. Lars P. Syll’s BlogIt’s not the debt we need to fix, stupid! It’s our thinking.Lars P. Syll | Professor, Malmo University

She says currently we have an excessive demand problem and we need to expand import facilities because we can’t import enough to meet current demand … which undermines any present argument for continued general fiscal support… good job…GOP can just cite her own analysis here in support of fiscal restraint to fight their figurative “inflation!”…This just in: Democrats with the collective IQ of a bag of Cheez-Doodles insist the Fed prints $5 trillion then perform “analysis” of inflation. Talk...

Despite this, banks are in a very strong financial position. 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/

Where is the money going to come from? (snark)Actually, the estimate is between 92 and 173 trillion in USD terms over the next 30 years. It is doable but will take concerted effort in a divided world, especially when the US is divided internally on the issues involved. The problem is more political than economic.OilpriceNet-Zero 2050 May Need Up To $173 Trillion InvestmentsTsvetana Paraskova

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today, he is writing about the way the Federal Australian government is starving the National Disability Insurance Scheme of funding. The usual arguments are being used – ‘taxpayer’s funds’ are in short supply – which seriously undermine the future for thousands of people with disabilities. The NDIS is the national...