Mike Norman Economics

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

WOKE CIA: The vast majority of the American youth are liberal, anti-racist, pro LGBT, for minority rights, and are anti-imperialist. So what's the CIA up to? Abby Martin explains what's behind the cringe ‘Humans of CIA’ recruitment ad promoting themselves as a place of ‘intersectional’ social progress[embedded content](45) The Woke CIA PsyOp - YouTube

 A brilliant article, which captures much of what is wrong with our present economic and political system.The neoliberal/libertarian mantra of individual responsi-bility and self-reliance has tattered social bonds and commu­nal responsibility. It provides an excuse or rationale for the public sector to step back. Social safety has been removed as a legitimate public responsibility (Azmanova 2014: 361). And yet, as Bregman points out, ‘humankind evolved to cooperate’ and this insight can...

Some of this may be going on, but the problem goes back over 40 years. 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