Mike Norman Economics

I ran across a text written by an anonymous author who gives the air of being a neoclassical academic. I prefer not to link the article, as I do not want to draw attention to it. However, I just want to point out some salient features that seem to have become the stock response to Modern Monetary Theory (MMT) by at least some neoclassicals. From the perspective of the philosophy of science, this is perhaps interesting.I would divide the critiques of MMT into two major categories — bad faith...

I often read that Modern Monetary Theory (MMT) is defective because it has no theory of power relations. Some critics link this in their narrative to their claim that MMT also has no theory of inflation. They then proceed to attack concepts such as employment buffers, on the grounds, that MMT cannot propose a solution to inflation if it has no understanding of how power relations cause inflation. These criticisms don’t come from the conservative side of the policy debate but rather from the...

The commies are skeptical....Wall Street margin debt surges to record high - World Socialist Web Site https://t.co/mFNewOZUac— Jacquie (@jacquie_goff) May 3, 2021

Post suspension Reserve Asset flow displacing credit flow to lumber industry.... unit price increases... as commercials are normally short...Fed repo volumes vs. lumber ? pic.twitter.com/DLDG7lnDEd— MagnusCoin (@MagnusMacro) May 5, 2021

Summary of one big reason that China is rising.East Asia ForumGlobalisation isn’t losing steam in ChinaSong Hong | Professor, Senior Fellow and Deputy Director-General at the Institute of American Studies, Chinese Academy of Social Sciences (CASS).(An extended version of this article appears in the most recent edition of East Asia Forum Quarterly, ‘Reinventing global trade’, Vol. 13, No 2.)

Organizers: Edward Lipiński Foundation and Heterodox Publishing House. Date: 8 – 12 September, 2021 Venue: Poznań, Poland Deadline for applications: 31 May, 2021 Event on facebook: https://www.facebook.com/MMT.School.in.Poznan/Fundacja LipińskiegoMMT 1st Summer School in Poznań

You can't play the game until the game distributes the money. 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

 Iran, China and Russia all want to normalise relations and avoid conflicts with the US, but Washington is not interested, not unless those regimes commit suicide, which is a very unlikely prospectWOKE, liberalism, equality for women and ethnic minorities, people with mental and physical disabilities are treated as valued citizens: and it should be great, except it comes with endless warfare, death, and destruction. Good is evil!US Secretary of State Antony Blinken says China has recently...

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 The International Commission of Inquiry on Systemic Racist Police Violence Against People of African Descent in the United States on Wednesday issued its long-awaited report on the U.S.’s police-perpetrated racist violence. The commissioners concluded that the systematic police killings of Black people in the U.S. constitutes a prima facie case of crimes against humanity and they asked the prosecutor of the International Criminal Court (ICC) to initiate an investigation of responsible...