Mike Norman Economics

The critique of PK from the Marxian POV includes MMT. Profit and profit rate v. income-expenditure model of macro.Michael Roberts Blog — blogging from a marxist economistPost-Keynesianism: the principlesMichael Roberts

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Xiaolan have a working paper "What Determines the Government’s Funding Costs when r=g?: Unpleasant Fiscal Asset Pricing Arithmetic." They argue that the "fiscal cost" of deficits is not expected to be driven by the gap between the "risk free rate" and GDP growth (the famous r-g equation). Their target is something or other Olivier Blanchard wrote. In a completely non-surprising development, I am not happy with their logic….Bond...

 This video is interesting! My old steel bike centres much better than my new aluminum frame/ carbon fork one. It's just point and forget, and it feels more secure and safer. In fact, I'm discovering that despite its extra weight, it's much more fun to ride, as it seems to have life and dynamics, a natural springiness, which helps to propel you along. It feels fast and just flies. You can feel this power within the frame, like it has momentum, and with the steel frame's natural springiness,...

Last week, I wrote about how the IMF is presenting a somewhat nuanced view these days. See – IMF now claiming continued inequality risks opening a “social and political seismic crack” (April 21, 2021). But, there was a warning for those who might think this suggests the institution is leaving its mainstream macroeconomics past behind them though. Rather, I think what is going on is a series of ad hoc responses to the growing anomalies that the institution faces between the observed reality...

My videos are not political; they are about policy. I speak about the current reality of how politics affects the economy and markets. 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

 An interesting article on the Opium Wars. Here's What You Need to Know: China will never forget its humiliation at the hands of the West.In 1839, England went to war with China because it was upset that Chinese officials had shut down its drug trafficking racket and confiscated its dope.The National Interest Sebastien Robin - "Century of Humiliation": China Hasn't Forgotten the Opium Wars

Some links were posted previously. Here is the entire 3-part series on US policy  and its implementation from WWII through the Kennedy administration.While this is an interpretation, it is well-documented.Rising Tide Foundation (Canada)Return of the Leviathan: The Fascist Roots of the CIA and the True Origin of the Cold WarThe U.S. Pivot to Asia: Cold War Lessons From Vietnam for TodayA Damned Murder Inc: Kennedy’s Battle Against the LeviathanConnie Chung

This unrealized gain has  bottomed along with recent bottom in USTs.  If  it goes back to old highs then bonds will too...

I spent many years as a member and floor trader on 4 exchanges. Here's how you can do it in the current era of electronic trading. 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

Trump flipped the script... would not be happening without trump... Biden admin continuing this Trump MAGA policy as well as many others... If you took an opinion poll about this, do you think Americans would agree with the Biden administration? My guess is, they would, even most people who say they scorn nationalism. The nation state is still king. https://t.co/gxebd4USTy— Zaid Jilani (@ZaidJilani) April 24, 2021