Mike Norman Economics

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...

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/

BelarusMoon of Alabama (staying up to date)Ryanair Incident - Email Warning Received Before Plane Entered Belorussian AirspaceIrrussianality (a voice of reason)More Thoughts on BelarusPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of OttawaTASS ((Russian state media)Integration of Russia, Belarus should not be rushed, Putin saysChinaThe Intercept (transnational global capitalism]Anti-China Trade Bill Is Big Boost for Big TechRyan GrimSputnik...

Market dirigisme is the name I give to a style of public policy I think we ought to use more. The idea is pretty simple. Governments form preferences over how the polity ought to be but currently is not. Often, what governments should do is to explicitly purchase the changes in behavior they desire from the general public.... InterfluidityMarket dirigismeSteve Randy Waldman

One technical issue that comes up when looking at consumer price indices is that the concept of a “cost of living index” comes up. This is a technical definition, as opposed to the vaguely defined notion of a “cost of living” that is used in popular discussion.In most of my writing, I aim to explain technical concepts and debates in plain English. In this case, I am not going to attempt it. My feeling is that the specifics of this technical debate are not going to be meaningful to a general...

They're putting reserves in, then turning right back around and taking them out. What kind of policy is that?

 Beta-sitosterol, a natural plant-derived supplement, reduced anxiety in mouse models, both in stand-alone use and in combination with Prozac.A Natural Food Supplement May Relieve Anxiety

"Our research showed that long-term consumption of a Western-style diet high in fat and sugar impairs the function of immune cells in the gut in ways that could promote inflammatory bowel disease or increase the risk of intestinal infections.”Science News Western Diet Causes Damage to Immune Cells in Gut, Study Shows

Well, the Melbourne virus outbreak has scuttled lots of plans and events. We wouldn’t be in this situation if the Federal government had have invested in dedicated quarantine facilities last year when they were told to and taken advice to ensure their vaccination purchases were sufficient. Anyway, that is for another day. Today, I have been examining European data and matching them against a recent interview (May 26, 2021) – Interview with Fabio Panetta, Member of the Executive Board of the...

What the hell is going on.#reverserepo data from @aRishisays feed.ht @DiMartinoBooth @tyillc @TheBondFreak @bondstrategist @MotherCabriniNY @homerixy32 @kimgits1 @VlanciPictures pic.twitter.com/DMVvUaocxm— Dave Loves Carnage (@dapstats) May 26, 2021 This is funny you have all these people (finally, we’ve been covering this here for years) talking about this but NOOOOOOBODY is asking why the Fed is doing this in the first place...  it’s as if all these people think the reserve balance...