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Mike Norman Economics

Debt Ceiling

GOPer Flimsy Graham putting Social Security and Medicare on the table now … that ought to help loosen things up…  this going to be wild…DEBT CEILING : @LindseyGrahamSC tells us he could vote to raise debt ceiling if he gets a Social Security and Medicare trust fund commission and/or other reforms— Erik Wasson (@elwasson) July 21, 2021

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Is a market melt up coming?

Technical factors related to Fed operations may create the conditions for a short-term melt up. But economic data may still hold the key. 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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KV – Nice Pics 12

The staircase of the Museum of Czech Cubism in Prague, at the Black Madonna Building, has a curious shape, like a light bulb.Penmon Point Lighthouse, Anglesey, Wales, UKTrwyn Du Lighthouse, also known as Penmon Lighthouse, is a lighthouse between Black Point near Penmon and Ynys Seiriol, or Puffin Island, at the eastern extremity of Anglesey, marking the passage between the two islands.Nuclear Ship, Savannah, Control RoomBridge and engine order Telegraph-aboard RMS Queen MaryBaroque library...

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What if America Delists Chinese Firms? — Shang-Jin Wei

A recent flurry of official measures in both China and the United States suggests that the two governments are not keen on Chinese firms retaining their US stock-market listings. Moreover, the effects of delisting these often fast-growing companies may be easily manageable for both countries....Project SyndicateWhat if America Delists Chinese Firms?Shang-Jin Wei, a former chief economist at the Asian Development Bank, is Professor of Finance and Economics at Columbia Business School and...

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The Basic Income Illusion — NeilW

Basic income is a monetary illusion. Here’s how the trick is done and why it always fails....Why the JG is superior to a BI. Basically, a JG increases productivity, offsetting resource use, whereas a BI does not. It's a matter of contribution to the economy — give and take — versus take only.Neil also makes the important point that rights entail corresponding responsibilities and emphasis on rights alone is a perversion of liberalism.  New WaylandThe Basic Income IllusionNeilW

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