Mike Norman Economics

 See BBC propaganda at work, how it's done. The BBC recently used a Chinese news clip regarding mainland China's intensive poverty alleviation campaign which assisted many poor Chinese in finding work not available in remote villages. The BBC edited the Chinese clip to paint the whole initiative as a "evil genocidal scheme". Compare both news clips in this video![embedded content]

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today he is writing about the uneven impact of the government’s withdrawal of its COVID economic support packages aka JobSeeker and JobKeeper. Keeping with some of his earlier blog posts here, Scott takes a spatial angle and considers what might be some of the implications when exposure to the impacts of the government’s...

US banks currently hold almost $4 trillion in Fed deposits, as a result of the ongoing balance sheet expansion by the Federal Reserve. Meanwhile, a year-long exclusion of Fed deposits and US Treasuries from bank capital rules is set to expire on 31 March. This column proposes a simple, feasible, and mandate-consistent strategy to replace $3 trillion in deposits with Treasury bills. These Treasuries could be held not only by banks, but also by mutual funds and non-residents, and this...

Context. The US should provide an alternative to BRI but by smart means rather than trying to match China dollar for dollar.Subtext. If the BRI is successful, then China cements control of the Eurasian landmass aka the "heartland" and the "world island." Western strategy for at least a hundred year is to dominate this strategic region. Now this requires "competing" with China and Russia, as in "great power competition."Wishful thinking.Council on Foreign RelationsHow Should the United States...

According to research from ARK based on “a million Monte Carlo simulations,” if institutions want to minimize volatility and maximize their Sharpe ratio, they should put something between two and a half and six and a half percent of Bitcoin in their portfolios, because of its low correlation to any other asset class.What could possibly go wrong?Yahoo Finance — BenzingaCathie Wood On Bitcoin: '$1 Trillion Is Nothing Compared To Where This Will Ultimately Be'Samyuktha SriramSee alsoMaybe less...

A key assumption of neoclassical economics is perfect competition in free markets where price is determined purely by market forces. Of course, most economists are aware of asymmetry and in face, the assumption qualifies itself by limited the scope to the inquiry to "perfect competition," that is, symmetrical market power, and "free markets," that is, markets in which there is no administration of price. They justify not teaching this in Econ 101 since the purpose of Econ 101 limits its...

Household balance sheets getting healed from Covid stimulus. Sets up long-term bullish environment. 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

Visual Capitalist Visualizing the Most Used Languages on the InternetGovind Bhutada

 Paradoxes of liberalism, aka liberalism run amok.InterfluidityLiberalism and classSteve Randy Waldman

Neoliberalism, neo-imperialism, neocolonialism. Warning.The Morning Star (UK)Britain and China: trading sanctions and the new cold warEditorialalsoBiden's embrace of neocon dogma will accelerate a Chinese-Russian-European coalescence that will dominate the world economyThe American ConservativeLife after death for the neoconservativesSPENGLER (DAVID P. GOLDMAN)alsoNewsClick (India)As US Loses its Edge, Game of Cyber Chicken Could Have Deadly ConsequencesPrabir PurkayasthaalsoGeopolitika...