Mike Norman Economics

"The medium is the message." (Marshall McLuhon) See also The Medium is the Massage.Taking Warren Mosler's business card analogy a step up in the communications and public education game in an era of "infowar" as an ongoing battle for hearts and minds. William Mitchell — Modern Monetary TheoryMMTed goes manga – The Smith FamilyBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Biden people are just going to have to keep telling their CB to increase the overnight risk free rate to reverse this… Chicken prices hit record highs under Biden administration as US inflation keep beef, pork out of reachhttps://t.co/YjPRc4Lt76— stanley stack (@stack_stan37447) October 19, 2023

This index continues to reduce YoY… Biden Fed still very “hawkish!”…Today's CPI Data by Truflation. 🇺🇸 2.21% 🇬🇧 7.41% More: https://t.co/xclS0apCd0 pic.twitter.com/d0iS0kJNXL— Truflation (@truflation) October 18, 2023

Good summary.The NationalScotonomics: Moving past straw-man version of Modern Monetary TheoryScotonomics

Heading out to go camping in the desert for two days of R&R. Here’s a market update.

It’s Wednesday and while there is a lot to write about, I am prioritising the release today of our latest research at the Centre of Full Employment and Equity (CofFEE). The release of what we are calling the – CofFEE Financial Resilience Barometer – Version 1.0 – is part of a research collaboration I have with Professor Scott Baum at Griffith University. We have Australian Research Council funding for the next three years to explore regional resilience in the face of economic shocks,...

What’s the point of these firms. They add nothing. They are bloodsucking squids.

All the doomsday naysayers, who were predicting a recession are now bullish.

There have been several interrelated strands in research and practice associated with the dominance of neoliberalism over the last decades. The problem has been that these approaches have been as much enthusiastically promoted by social democratic or progressive forces as they have conservatives. Indeed, conservative political forces have gone down the ‘Trumpian’ far right sink hole and the social democratic parties have moved into the political space vacated – that is, further right than...

Doubtful. Trading range more likely.