Mike Norman Economics

 The neoliberals view democracy as socialism. To them, the only democracy necessary is when people choose what to buy in the maket place. There is no other accountability. Neoliberalism is often described as market fundamentalism, or the belief that everything on the planet has a price tag, borders are obsolete, the world economy should replace nation-states, & human life is reducible to a cycle of earn, spend, borrow, die.TribuneHayek’s Bastards: The Populist Right’s Neoliberal Roots,...

More data coming in and it's starting to look like fiscal flows are slowing down. 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 United States’ trade deficit with China narrowed significantly following the imposition of additional tariffs on imports from China in multiple waves beginning in 2018—or at least it did based on U.S. trade data. Chinese data tell a much different story, with the bilateral deficit rising nearly to historical highs at the end of 2020. What’s going on here? We find that (as also discussed in a related note) much of the decline in the deficit recorded in U.S. data was driven by successful...

 MMT and Post Keynesianism?OrSoros connection? Soros is a longtime supporter of Bard.TASSUS-based Bard College deemed undesirable NGO in RussiaSee alsoForbesGeorge Soros Is Giving $500 Million To Bard CollegeSusan Adams, Forbes StaffAlsoAt Davos, George Soros, in his speech at the World Economic Forum (WEF), Soros committed $1 billion towards fighting nationalism and nationalists. George Soros claimed that the “biggest and most frightening setback” was in India and accused Narendra Modi of...

The truth about socialism with Chinese characteristics lies between the extremes of 11) China has abandoned Marxism and caved to capitalism and 2) China is now a capitalist country, albeit state capitalism (which is one characteristic of fascism as a political theory).Friends of Socialist ChinaBook review: Roland Boer – Socialism with Chinese Characteristics: A Guide for ForeignersTamara Prosic | Senior Researcher with the School of Philosophical, Historical and International Studies, Monash...

In my daily data life, I check out movements in commodity prices just to see what is going on. As I wrote recently in my UK Guardian article (June 7, 2021) – Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman – the inflation hysteria has really set in. I provided more detail in this blog post – Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman (June 9, 2021). Yes, I stole the title of my article for the blog post if you are...

The problem in a nutshell.However, currently we have a democratic deficit reinforced by a toxic media which, as Raoul Martinez, the philosopher, artist, and filmmaker so rightly notes:‘As long as the vast majority of wealth is controlled by a tiny proportion of humanity, democracy will struggle to be little more than a pleasant mask worn by an ugly system.’The world system is becoming increasingly dysfunctional and one of the chief factors is the erroneous 'government as big household or...

 laowhy86, a YouTuber who makes anti-China videos, has been caught red handed lying and doing propaganda. He altered some photos and then made up a story. He makes his money out of his followers by doing these sort of videos. On YouTube, Twitter, Quora and other media, there are various so-called "evidences" about the existence of genocide in Xinjiang, but in fact none of them are convincing, because these so-called "evidences" are fabricated out of thin air.Ok, today I will expose a...

 A fascinating look at the life of hunter gatherers in African. The Hadzabe didn't seem to have much interest in the after-life, and all answers went back to being about meat. They are so friendly, healthy, and attractive, but not so friendly to baboons, though. The Hadza Tribe or Hadzabe are a remote African Tribe of Hunter-Gatherers in African country of Tanzania. A few months ago, I was lucky to enough to be able to join them on a hunt to baboons. We didn't catch any, so we decided to...

Mentions functional finance and cites Randy Wray. Good read.Stumbling and Mumbling"Heterodox" economics as rediscoveryChris Dillow | Investors Chronicle