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Mike Norman Economics

MMT the Movie — Lars P. Sy

Finding the Money follows economist Stephanie Kelton on an exploration of Modern Monetary Theory.Also appearing in the movie are Pavlina R. Tcherneva, L. Randall Wray, Mathew Forstater and Fadhel Kaboub.Lars P. Syll’s BlogMMT the MovieLars P. Syll | Professor, Malmo University

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The geopolitics of Al-Aqsa Flood — Pepe Escobar

Global focus just shifted from Ukraine to Palestine. This new arena of confrontation will ignite further competition between the Atlanticist and Eurasian blocs. These fights are increasingly zero-sum ones; as in Ukraine, only one pole can emerge strengthened and victorious.More on the intersection of geopolitics and geoeconomics. Unfortunately, the direction is toward military-technical solutions.The CradleThe geopolitics of Al-Aqsa FloodPepe Escobar

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Xu Gao: China’s historical, unitary framework implies central govt responsibility for local govt debt — Jia Yuxuan, Peiyu Li, and Zichen Wang

There's no moral hazard: Chief Economist of Bank of China International (China) breaks down China's local govt debt into three dimensions: data, the "China model", and central-local govt relationship.Long and detailed article on how China's government finance works.In reality, the key determinant of government debt sustainability does not lie with the size of the debt but rather factors like inflation and international trade balances. As long as inflation remains subdued and international...

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The story behind Fiat Socialism — Carlos García Hernández

Carlos García Hernández explains how he came up with the idea for his concept of fiat socialism that led to writing book based on MMT.Fiat Socialism was recently published and it is also available for subscribers to read as an ebook at Scribd.The Gower Initiative for Modern Money StudiesThe story behind Fiat SocialismCarlos García Hernández, author of Fiat Socialism: Achieving the goals of socialism through modern monetary theory. Carlos lives in Spain.See alsoThe Gower Initiative for Modern...

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