Mike Norman Economics

 I don't usually post pod casts or video, since there is a lot of information that I don't have time to preview.Here is podcast with Stephanie Kelton explaining how MMT "won" in the sense of shifting the policy debate from debt and deficits to the inflation constraint. The former are not actual constraints on a government that is sovereign in its currency while the latter is an actual constraint.Also, I usually don't link to Bloomberg because of the paywall. But this is open.This destroys...

 Focus Economics just published its list of top influencers in economics. Mike Norman made the list as did Lars Syll. Congratulations to Mike and Lars.Incredibly, however, no other MMT economists are mentions, even though, Bloomberg no less notes that MMT has shifted the policy debate onto new ground.Focus EconomicTop Economic Influencers To Follow

Well then why are US 10-yr rates almost a full percentage point higher?Three reasons:  T, G, & A .... At its meeting ending on 17 March 2021, the MPC voted unanimously to maintain #BankRate at 0.1%. https://t.co/5O78q5m2Cu pic.twitter.com/55SHmVHAV4— Bank of England (@bankofengland) March 18, 2021

The Grayzone‘Independent,’ ‘expert’ report claiming Uyghur genocide brought to you by sham university, neocon ideologues lobbying to “punish” ChinaAjit SinghThe Vineyard of the SakerUncle Shmuel Is Truly Brain Dead…, by The SakerThe SakerSixth Tone (Chinese private media)When My Hometown Went Into Lockdown, It Changed MePan Yi (pseudonym)Sputnik International (Russian state sponsored)‘We Will Not Back Down’: China’s EU Ambassador Warns Bloc to ‘Think Twice’ on Xinjiang Sanctions'Our Son of a...

The same people who say this all the time are now fighting the Fed. They will lose. 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

The paperback edition of "Modern Monetary Theory and the Recovery" is now available at Amazon (affiliate link). The book description is found here.Bond Economics Paperback Edition of "MMT And The Recovery" Now AvailableBrian Romanchuk

 So much for sanctions.However, time is running out for the Americans. Every day that the economic crisis in Iran continues, the country slowly drifts into the Chinese sphere of influence. The growing energy relations between the countries is a clear sign of changing attitudes. President Biden has an incredibly difficult task: getting Tehran to sign a revised and updated Nuclear Agreement without strengthening Iran too much or driving it into the hands of its strategic rival....The US has...

My contempt for the US intelligence community has never been greater. As a former intelligence person myself, I find myself asking, ‘Were we always this bad?....The record shows the affirmative, that is both the CIA and MI6. That includes J. Edgar Hoover's FBI, too. The FBI should be ashamed to have his name attached their building.One gets the impression that there is now a deep, deep hatred of Russia within the US government, a hatred that prevents any sane analysis of Russian intentions...

After Russia, Twitter is now it trouble in India, too. And Twitter is in trouble in the US on the right after booting the sitting president. Let's just say that the social media is in flux politically. Sputnik International'Twitter Can't Assume State Role': Ban on US Tech Giant Demanded by Petitions in India's Top Court