Mike Norman Economics

Last Friday (May 7, 2021), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2021 – which showed that the recovery since the catastrophic labour market collapse in March and April 2020, has substantially slowed after signs in March that the revovery was accelerating. The change in payroll employment fell from 770 thousand in March 2021 to a miserly 266 thousand and unemployment edged up slightly to 6.1 per cent. The...

Henry Ford understood the value of paying high wages. He also understood that supporting the buying power of workers helped his business and all businesses in the economy. 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

Recent events in the world have given me great hope that we might finally emerge from the century of permanent war.The Great Reset agenda seems to be losing steam and those in charge of implementing it are losing conviction (with the exception, perhaps, of the very top echelon in power). At the same time, the ranks of people who are opposed to it and are willing to take a stand, appear to be swelling.Russia’s build-up of an overwhelming military force on its border with Ukraine was therefore...

Summer recess from end July thru after Labor Day... recent analysis projects “extraordinary measures“ can allow Treasury to function somewhat normally until October so no real problem until then...They keep doing the same thing so you can’t expect a different result...Remember the Debt Ceiling Crisis? It Might Happen All Over Again. https://t.co/dMgUbOL9DB— Dr. Joel P. Rutkowski- President (@RutkowskiDr) May 8, 2021

 In his book “Eurozone Dystopia”, Bill Mitchell quotes the three conditions that Mundell believed were necessary to achieve an OCA...From the outset, and today more than ever, it was clear that none of these three conditions is even remotely fulfilled in Europe....The Gower Initiative for Modern Money StudiesThe Concept of an Optimal Currency Area, and why the EU has failed to create it.Carlos García Hernández

Foreign policy realism.East Asia ForumWashington is playing a losing game with ChinaAmbassador Charles W. Freeman, Jr. | visiting fellow at Brown University's Watson Institute for International and Public Affairs, and retired US Foreign Service

Henry Ford quote.New WaylandFord on WagesNeilW

Same old New Keynesian monetarism and reliance on IS-LM model.InsiderNobel prize-winning economist Paul Krugman on inflation, Modern Monetary Theory, and why ...Ben Winck interviews Paul Krugman

I am sick of tired of the divisiveness and negativity.

Bonkers Watch.ZH outdoes itself. States can save the day by 1) taking over federal property and 2) issuing commodity-backed money.Zero HedgeExistential Economic Threats: How US States Can Survive Without Federal MoneyBrandon Smith via Alt-Market.us