Mike Norman Economics

America must acknowledge its systemic problems and implement structural reforms that curtail financial capitalism and embrace smart industrial policies.Nation of ChangeChina beats USA by following Western classical economics!Chris KanthanRelatedMichael Roberts explains why China will most likely do fine despite the "demographic crisis." Increased productivity offsets decreased employment.Michael Roberts Blog — blogging from a marxist economistChina: demographic crisis?Michael Roberts

 America must acknowledge its systemic problems and implement structural reforms that curtail financial capitalism and embrace smart industrial policies.China is state capitalism and industrial socialism, the winning ticket Germany used to catch up with the European countries that had empires. Germany borders many countries and doesn't have a large coastline, like the seafaring nations, so they had no empire. This meant resources and labour were expensive, and so they devised Industrial...

 A lot of people can't fathom out this Illusion, but I think the poor photo quality doesn't help.She looks sunk into the ground, but she is leaning on a wall. The top of the wall looks the same as the road, and the grass bank is a high as the wall.

The main catalyst for the move down Friday was a statement from a China’s State Council on BTC: “We should crack down on bitcoin mining and trading activities and prevent individual risks from being passed to the whole society.”Within two hours, bitcoin fell from $41,454 around 14:15 UTC (10:15 a.m. ET) to as low as $36,880, an 11% decrease, based on CoinDesk 20 data. Bitcoin is still falling, at $36,224 as of press time. “I expect BTC/USD to range around $38,000 for a while,” said George...

 We are hard wired to see our group as good and the other group as bad. If we want to stop wars and promote harmony, we need a rethink. You will never win an argument with a anti-vaxxer or climate change denier, as being a valid member of their group is more important than any facts, or even the survival of the planet.[embedded content] 

 New research shows that gravity can travel faster than the speed of light, which breaks the relationship between cause and effect. However, new research has found a critical flaw in modified gravity theories: They allow for effects to occur without causes and for information to travel faster than the speed of light.Paul Sutter - How a weird theory of gravity could break cause-and-effect

 Maybe some progress, but The Hill doesn't like it. The article is very hawkish, and sounds as if it was written by someone from the MIC. And the German Greens are strangly hawkish too, as is they have been infiltrated.Although notable for its lack of cohesion, even the European Parliament levied new sanctions on Nord Stream 2, as the international community waited for the Biden sanctions.The Biden administration’s decision to waive Nord Stream 2 sanctions cites the need to repair relations...

More on my Grand Canyon hike and some market discussion. 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/

 May 17, 2921. North rim to south rim hike in 1 day. 15 hours.[embedded content][embedded content][embedded content][embedded content]

 On Monday, May 17, I hiked the Grand Canyon from the north rim to the south rim. Fifteen hours, 10,000 feet elevation change. It was easily the hardest thing I ever did. I thought I'd never get out, but I did it. Here are some pics. More pics and videos to come.