Mike Norman Economics

I was long aware that Frances Perkins (1880-1965) was the first woman to serve as a cabinet secretary, namely Secretary of Labor for Franklin D. Roosevelt, in which position she was one of the two people to serve in their position all they way through his presidency, the other being Interior Secretary Harold Ickes. Somehow I never heard that much about her, but an article in yesterday's WaPo's Retropolis section, "The woman who helped FDR change America in 100 days" proved a real eye-opener...

Anti-competitive.Especially since Brazil is a member of BRICS.As Brazil’s death toll from the Covid-19 pandemic nears 275,000, documents reveal that Washington pressured the Brazilian government not to buy Russia’s “malign” Sputnik V vaccine – a decision which may have costed many thousands of lives.Brasil WireExclusive: Washington pressured Brazil not to buy ‘malign’ Russian vaccineJohn McEvoy

During the last two decades, Modern Monetary Theory (henceforth MMT) has won wide academic recognition and public influence. Its most prominent achievements include shifting the public debate on the conduct of economic policy and reviving interest in the theory of money. The former tends to attract most of the attention of both advocates and critics of MMT, but this is unjustified. MMT policy conclusions result from its underlying understanding of money, as some of the more illuminating MMT...

Having finished off the publishing tasks on "Modern Monetary Theory and the Recovery," I am now turning to some MMT critiques that popped up too late for inclusion in the book. The first is by George S. Tavlas, the Alternate to the Governor of the Bank of Greece on the European Central Bank’s Governing Council, which is titled "Modern Monetary Theory Meets Greece and Chicago." It contains a broad overview critique of MMT, which overlaps discussions found within my book. Of more interest was...

Dependency theory and decolonization.The Case for Concerted ActionReview Of African Political Economy Issue On Samir AminV. Ramanan

The oil curve just flipped back into contango. That's not an inflationary sign. 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

Is there a law of unintended consequences?OilpriceHow China Became The Saudi Arabia Of RenewablesAlex Kimani See also at OilpriceU.S. LNG Exports To Asia Surged By 67% In 2020Tsvetana Paraskova

An in depth look at the China / America situation by the moderate, Chas Freeman. He says that the American establishment want China to completely adopt the American political and economic system, and won't stop hostilities towards China until the Chinese stop being Chinese. Retired Ambassador Chas Freeman, Nixon's translator during his 1972 trip to China, says U.S. policy to China remains a desire to hold on to primacy globally and regionally. Biden's approach so far is not much different...

 This video is pretty damning. Shevron, it seems, is run by gangsters. Chevron's lawyers managed to get the lawyer who was suing them put in prison for 18 months on fake charges that were dismissed by 18 other judges in Canada and Ecuador. Chevron pay their witness a good wage, pay all his taxes, and have given him a nice car and place to live. The disaster has been dubbed the Amazon Chernobyl. Between 1964 and 1992, the oil company Texaco, later acquired by Chevron in 2001, was allegedly...

Data suggests banks are not wholesale dumping Treasuries, but small speculators are short $20 bln notional of 10-year notes. 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