Mike Norman Economics

Astonishing that the same people who have no clue as to what they are doing are constantly appointed and rotated in top policy positions. 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

As Yves Smith said, "prosecution futures."Yahoo FinanceIRS Initiates ‘Operation Hidden Treasure’ to Root Out Unreported Crypto IncomeDavid KuhnSee alsoZero HedgeBitcoin Could Soon Run Head First Into U.S. Money Laundering LawsTyler Durden

Lockout over, for now.SouthFrontYou Once Again Can Support SouthFront Via PayPal

Wishful thinking and grand delusion masquerading as grand strategy.The Scholar's StageAgainst the Kennan SweepstakesTanner Greer

 Uncle Albert has brought a solarium because he thinks it will cure his hangovers. Rodney gives it a try, but Del Boy turns the timer up for a laugh, except that Rodney falls asleep and gets a sunburn. In bed at night Rodney is nursing his wounds, when his whife tells him about her friend who owns a hand gliding club, and this gives Rodney an idea about how he can get revenge on Del Boy. He asked his wife if her friend could give Del Boy a 46 birthday surprise hand gliding session, and she...

 How the strong countries set up trade deals to enrich their corporations at the expense of weaker ones. Third world countries are often forced, or tricked, into accepting privatisation, while the West quietly subsidises its own industries which will compete with them. Europeans too are forced to privatise and made to accept dangerous, low quality food because these trade deals have lower regulations. Howard Nicholas is a renowned development economist and associate professor of economics at...

CHINA has been suggested to have the advantage over the US in a potential conflict over the Asia-Pacific, according to a maritime professor.Professor Lyle Goldstein says that China may even strike first. Lyle Goldstein, research professor at the Naval War College's China Maritime Studies Institute, said the US would likely lose a first fight with the People’s Liberation Army (PLA). Washington and Beijing have repeatedly raised tensions with naval drills in disputed Asian waters over the past...

Lots of talk recently about the Fed needing to do Yield Curve Control. So, what is it? 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

If we are to emerge from this era of crisis, we need legal thinking that operates on fundamentally different presumptions.Longish but important. Neoliberalism as the basis of a socio-economic systems is grounded in law rather than economics and in a democracy, the law can be changed to suit conditions. The authors argue that it's high time to make changes in legal thinking to recognize and deal with power before the adverse consequences overwhelm society and unravel the social fabric even...

Treasury Dept making no significant progress towards their goal of reducing this account balance to $800B by end March....This week:Last week:Same balance.  Usually... when you want an account balance to reduce you have to withdraw MORE than you deposit... usually... except for morons...  in the mean time, there remains almost $1.4T of short term US Treasury security account balances in USD system that nobody wants or needs...