Mike Norman Economics

Where was Dalio, Gundlach, Paul, Tudor Jones? 

For the record, a MTT promo piece on the "left." Daily Kos MMT and the Deficits That MatterBethesda 1971

Government must spend, otherwise, we would all be in trouble. 

The market could sail through, bullish, all the way until December 15. 

It follows from what has been said that a “shortage” of money with the state is not a technical shortage. Thus, it is never the lack of “money” that causes the state to be unable to spend, but always the lack of resources that causes the state to be unable to get what it wants. Money moves resources. If there are no resources, nothing is moved. However, if resources are the monopolist of money — the government with its central bank — can move it even when the political will is there. This...

Whoa!  October employment report… What about all the MMT free munnie interest income (to people who are already bazillionaires) from the higher rates somehow creating a Democrat regime economic nirvana?  Perhaps not? 🤔This and the initial 1.2% Q4 from the Atlanta Fed has this thesis not looking too good so far I’d say…U.S. hiring slowed to 150,000 jobs in October. The unemployment rate rose to 3.9% https://t.co/7dLb8rYpLg— Real Time Economics (@WSJecon) November 3, 2023

Greetings from the Pearl of Africa!Today, I had a very productive visit to Kampala, Uganda, the Pearl of Africa, with my dear friend Julius Mucunguzi (we were colleagues in Addis Ababa, Ethiopia). I had two long deep-dive conversations with senior government officials, Minister of State for Industry, the Hon David Bahati, and Uganda's Permanent Representative at the United Nations, Ambassador Aadonia Ayebare.…The effects of colonialism in Africa and how to break out of the persistent...

We’re in the early stages of a major change in market psychology that will produce a large advance. 

Episode 3 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 3 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

This month, we speak with Larry Johnson, associate professor in the Social Foundations of Education Program at the University of South Florida, Saint Petersburg. In his pedagogy, Johnson focuses on the complex relationship between education, culture, and society with the goal of exploring policies and practices from historical and contemporary perspectives that address structural inequality, and transforming educational institutions into sites for social justice. Johnson is notably a...