Mike Norman Economics

That is why the appearance of those two US destroyers in the Black Sea is, literally, for the appearance primarily and for trying to collect some intel for what seems today a diminishing probability of confrontation in Donbass....The Vineyard of the SakerWhy It Is Not AdvisedAndrei Martyanov, exclusively for the Saker Blog

A number of readers have raised important questions that I need to address, but before turning my attention to that I have decided to finish my exposition. I am sure it is clear that I have vastly more to say than I am putting into this little multipart essay – I mean, I have published two books and a number of lengthy articles on the subject. My purpose here has been simply to highlight my claim that it is possible to bring the literary criticism and the mathematical economics together in a...

ZH's angle but some interesting facts too. Looks like the pilot is on target and rollout may be soon.There is one final, geopolitical reason behind China's decision to give its digital currency an expiration date [see Silvio Gesell]: as Byrne Hobart writes, "programmable money, tied to real-world identities, and universally tracked by a central bank, starts to look suspiciously like a substitute for the consumer of last resort. Every year that China gets richer, domestic consumption plays a...

Taking an integrative approach to the world system.At a time when much of social science has come to be centred around either methodological individualism or methodological nationalism – the notions that individuals and nation states, respectfully, are the most relevant units of analysis – Amin’s attention to global structures, that underpin an international system of exploitation, is a much needed contrast. In Amin’s work, both the structure of the global economy and the structural...

Powell interviewed on 60 minutes tonight... clip here with  Art Degree moron ofc asking "where does IT come from?” in typical reification error incompetent unqualified fashion.. their fellow debt doomsday inflationista morons gonna be losing their shit too... should be good for some laughs..Oh my god this is gonna be good?. Can’t wait!pic.twitter.com/onPXkqql91— QE Infinity ?? (@StealthQE4) April 10, 2021

In general terms, Modern Monetary Theory (MMT) defines the value of the currency as “what must be done to obtain it”. As MMT authors have noted, this general definition can be interpreted in terms of labor time. A Marxist interpretation, consistent with MMT’s general definition, is to define currency value in terms of socially necessary labor time. Two interpretations seem particularly suitable. A first approach is to define currency value as the reciprocal of the average money wage. This...

Training for Grand Canyon rim to rim hike. Doing a 30 mile walk today.

U.S. now sending warships into the Black Sea in another provocation. Putin has 100k Russian troops on the Ukraine border. 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

A war with Russia is a growing worry as the Biden Administration ratchets up the level of confrontation. 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

A Wharton report erroneously claims that the Biden infrastructure plan will "crowd out" private investment and shrink GDP. So wrong it's mind boggling. 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