Mike Norman Economics

The US sanctions risks need to be alleviated by switching to alternative currencies and moving away from using the dollar, Russian Foreign Minister Sergey Lavrov said."We need to reduce sanctions risks by strengthening our technological independence, by switching to payments in national currencies and in world currencies, alternative to the dollar. We need to move away from the use of Western-controlled international payment systems," Lavrov said in an interview with Chinese media, published...

I shorted it last week when the central bank raised rates. Erdogan fired the guy. Maybe time to go long now. 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

I would like to point out four key priorities [of globalization], as I see them.First, everyone must have comfortable living conditions, including housing and affordable transport, energy and public utility infrastructure. Plus, environmental welfare, something that must not be overlooked.Second, everyone must be sure that they will have a job that can ensure sustainable growth of income and, hence, decent standards of living. Everyone must have access to an effective system of lifelong...

It's an excellent video! And Garland Nixon's relaxed manner makes it easy to watch too. It's very much the kind of views you find expressed here at MNEs. Joe Biden referred to Russian President as a "Killer with no soul." What does it mean and what will be the consequences.[embedded content]

US media hailed a Newlines Institute report accusing China of Uyghur genocide as a “landmark” independent analysis. A look beneath the surface reveals it as a regime change propaganda tool by interventionist operatives at a sham university.The following piece is an impressive demolition of 'the shabby propaganda campaign dressed up as academic inquiry' into China's treatment of the Uyghurs. Western media (BBC/Guardian) 'plays a central role' in a cynical campaign that is leading us to...

Scott Sumner still doesn't get MMT. It is a bit more nuanced than he thinks, it appears. This is not entirely his fault in that MMT economists present a simplified model for popular consumption and that is unlikely to satisfy economists. Similarly for the MMT-based macro textbook, which is aimed at undergraduates and beginning grad students. But this doesn't excuse conventional economists that have read the popularized MMT literature and blogs and still have questions, in that they need to...

Naturally, politicians and pundits debate whether the amount is excessive. But implicit in their seemingly routine deficit debate is a remarkable shift: Inflation has replaced debt — the old stalking horse for defeating progressive legislation — as the primary concern with deficit spending.It's a subtle change, with profound consequences. And it augurs the rise of a revolutionary approach to political economy, Modern Monetary Theory (MMT), as the dominant paradigm in the politics of...

In my early trading days I was always a seller. That was a terrible strategy. 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

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Getting beyond the BS. Win-win grows the pie. Zero-sum threatens to destroy the pie.Amb. Chas Freeman presents a realist analysis of US foreign policy.  The Analysis (March 12, 2021)Biden’s China Policy: A More Polite TrumpPaul Jay interviews Amb. Chas FreemanSee alsoTranscript below the video and podcast.CHINA RISINGInvited to Huawei’s “Protecting IP-Driving Innovation 2021 White Paper Forum”, here is my analysis and what you need to know for your (ICT – Information, Communication and...