Mike Norman Economics

This guy is anonymous because he's an attorney and he says he does not want to lose his job, or get assaulted in the street for his views. It's an excellent video debunking the Western propaganda about the Uyghurs. We have done it… We have broken down each bit of major Western propaganda on the Uyghur and Xinjiang situation in order to debunk the lies and reveal the truth. For over an hour, Bay takes on a series of propaganda ranging from Adrian Zenz to inconsistent witness testimony to...

A lucid perception of reality reveals that our entire experience of what we call the world is inseparable from the awareness in which it appears, and that this awareness is boundless, timeless, and head-over-heels in love with all that is. There is no possible experience of the universe which is not painted upon the canvass of infinite loving awareness, with paint that is made of that same awareness, by a painter who is that same awareness....This is a clear statement of perennial wisdom,...

The Chinese Foreign Ministry has taken aim at Washington, labeling it ‘hypocritical’ and claiming it spies on its own allies, after the US designated five Chinese companies as posing a threat to national security under a 2019 law.“The US government has generalized the concept of national security, abused national power and unscrupulously suppressed Chinese high-tech enterprises,” Chinese Foreign Ministry spokesman Zhao Lijian told reporters on Monday. These US practices are a complete...

The news comes the Chinese firm seeks to commercialise its chipmaking design capabilities with the hopes Kunlun will become a separate business, sources familiar with the matter said on Monday.... Sputnik InternationalChina's Baidu Raises $2bn With Investors for AI Chipmaker Kunlun Amid Global Semiconductor Shortage

 U.S. President Ronald Reagan and his secretary of state, George Shultz, as well as U.S. President George H.W. Bush, are well known to have worked effectively with their Soviet counterparts to advance bilateral arms control. What is less known is that Reagan, Bush and successive presidents also sought to convince the Kremlin to give the market economy a chance, as they believed that a transition by the Soviet Union to a market economy would have been in America’s interest. The 1992 Freedom...

Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing press.We have explained that the indebtedness of the population means there is little discretionary income with which to drive the economy....The Unz ReviewIt Is Time to Remove the Debt Barrier to Economic Growth, by...

These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the vaccine is distributed. Calculated RiskSeven High Frequency Indicators for the EconomyBill McBride

The electronic book launch of Modern Monetary Theory and the Recovery has gone well, and I am waiting to approve the paperback edition. This means that I am now in the mode of considering my next steps. I am unsure what the subject of my next book will be, but I have a short-term project: develop an agent-based macroeconomic simulator. The first application of this simulator will be building a core MMT model - in space! To support my open source software projects, I have set up a Patreon,...

Adam Kaczynski has recently completed his PhD with a thesis on “A Post-Keynesian stock-flow consistent model of the Global Financial Crisis and the Age of Secular Stagnation”.The PDF is available here, and the corresponding code can be downloaded from Github.Abstract:This thesis is an attempt to build a dynamic, long run, Stock-Flow Consistent, Post Keynesian model of the Global Financial Crisis and Secular Stagnation. While multiple New Keynesian Dynamic Stochastic General Equilibrium...

The Federal Reserve Board released an item of good news that might be missed. The Financial Accounts for the fourth quarter showed a decline in profit share of national income to 12.0 percent, the lowest annual share since 2009. It is far too early to know if this shift will be enduring, but it is encouraging in any case. On the plus side, wages have been growing rapidly in recent months, so this shift to wages may continue for the immediate future....Beat the PressProfit Shares Fall to the...