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Mike Norman Economics

Debt burden to our kids and grandkids is the dumbest statement ever.

Daily Beast wrote and article with this title and they're right. I explain why. 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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The Two Major Obstacles To A Hydrogen Revolution — Alan Mammoser

Whatever the final outcome may be, industry watchers now largely agree that there are two realms where costs must come down for carbon-free hydrogen to advance. The cost of renewable energy, already the object of remarkable reductions in the past decade, must continue to fall. And the cost of water electrolysis for hydrogen production, encompassing the basic hardware of green hydrogen, the electrolyser, must follow a similar path downward. Many see both poised to happen. In fact, the two are...

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Modern Money Consensus Carlos García Hernández

On the Washington Consensus as foreign policy based on neoliberal economic policy, which became the basis for Post WW II  neo-imperialism and neocolonialism. That policy was subsequently adopted domestically, making neoliberalism a global phenomenon that still infects the world system negatively, resulting in growing income and wealth inequality.The way to combat this pernicious framework lies through applying an MMT-based lens to reframe the assumptions, eliminating the false and replacing...

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President Biden’s budget shows what true “fiscal responsibility” means: Pushing the economy closer to full employment, reducing inequality, and measuring the debt burden more accurately — Josh Bivens

Pivoting left. The right cries, "socialism, Marxism, communism." Sound money people see imminent hyperinflation and dollar devaluation.EPI President Biden’s budget shows what true “fiscal responsibility” means: Pushing the economy closer to full employment, reducing inequality, and measuring the debt burden more accuratelyJosh Bivens, director of research

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The history – and future – of American capitalism — Diane Coyle

Reading Jonathan Levy’s Ages of American Capitalism: A History of the United States has been quite a commitment: over 700 pages of text, plus notes, in hardback. The sheer weight militated against my taking in the grand sweep if its ambition, as I had to read it sitting at home propped on cushions. Nevertheless, it was well worth it.As the title suggests, the account is organised into different ages: commerce (early days from late 17th century, and the role of slavery); capital (post Civil...

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Happy Memorial Day weekend! Mine’s gonna be a washout.

NY weather. Ugh. But it was a good week for the markets even with lots of inflation and "printing money" nonsense flying around. 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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