Mike Norman Economics

Full statement.Calculated RiskFOMC Statement: No Policy ChangeFOMC Projections and Press ConferenceBill McBride

Mike Konczal and I have a piece in the New York Times arguing that the next few years could see a historic boom for the US economy, if policy makers recognize that strong demand and rising wages are positive developments, and don’t get panicked into turning toward austerity. Given the foreign policy/military stance now, the predominance of government spending is likely to go to "defense" for the foreseeable future. This is likely to crowd out other spending initiatives and also encourage...

Following yesterday’s introduction, this is the first part of a new series which aims to explore, through some questions and answers, particular aspects of Modern Monetary Theory (MMT) which interest me. As I have already outlined some of MMT’s implications already, I will jump straight in....The Political Economy of DevelopmentQuestioning Modern Monetary Theory: Part 1Nick Johnson

This is funny the monetarist morons are reporting Brazil raising rates creating their figurative  “inflation!” while at same time recommending US raise rates to reduce their figurative “inflation!”….   paradox has no place in material systems administration…Brazil’s central bank may deliver a third straight interest rate hike https://t.co/DHRTlsN4VO— Bloomberg Economics (@economics) June 16, 2021

This study aims to show conceptual and methodological flaws of past studies supporting the hereditarian hypothesis.Kevin Bird - No support for the hereditarian hypothesis of the Black–White achievement gap using polygenic scores and tests for divergent selection

Kyle Bass blew out half his investors' money in the last 8 years. He lacked understanding of how the financial system worked. 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/

This then is the introduction to a series of posts on MMT which aim to explore and critique (rather than criticise) some of its aspects. The series does not aim to be comprehensive. Instead, I will write about aspects which I find interesting, whether I think they are correct or otherwise. It will be set out as a series of questions and answers, which can be an appealing format, and one which focuses the mind on whatever topic is being suggested.The Political Economy of...

I've spoken about this idiot many times in the past. (And commented on his idiotic calls.)This is what happens when you fundamentally don't understand how the  monetary system works.The guy's fund is down 46% since 2013. Not surprising.What surprises me is who gives this guy money to manage? BTW...the S&P is up 270% in the same period of time. And the average hedge fund way underperformed the market, not as bad as Bass, but well below the market's return.They all suck.Schiff probably the...

Today, I am publishing a special guest post from three authors working in the Modern Monetary Theory (MMT) tradition about inflation in Brazil. They are examining recent claims by Paul Krugman that the Brazilian experience ratifies basic Monetarist theory that links excessive monetary expansion with inflation (and hyperinflation). It turns out that the reality is quite different which is no surprise when it comes to confronting Krugman’s assertions with facts.Daniel Negreiros Conceição is a...

Fed can't help the unemployed, but this idiot, Paul Tudor Jones, thinks so. But what he's really whining about is the Fed not helping his trade. 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/