Mike Norman Economics

It is clear that the Reserve Bank of Australia (RBA) management is at odds with the elected Federal Government over the current state of the economy and what needs to be done to get through the COVID-19 pandemic. The Federal government is about to significantly wind back its fiscal stimulus, which although was insufficient at the outset, did help reduce the damage that the health responses to the pandemic caused (lockdowns, etc). The Government has the view that the private sector will now...

Britain is Becoming the World’s Newest Failed StateDumb and dumber!The story goes like this. After the financial crisis in 2007, Britain had just elected a conservative government. They sold the population the foolish myth that they were “broke” — and now belts needed to be tightened. Never mind the fact that the correct way to respond to a financial crisis is to stimulate the economy. Instead, Britain began a savage course of austerity. All those famous public services — the NHS, the BBC,...

This guy says VPNs don't work and maybe even less private than your standard provider. But he says they can be useful if you are at work and you don't want your company to know where you have been browsing. [embedded content]

 Jack Ma risked damaging the Chinese economy by tempting young people into getting too much in debt. It's interesting how the more conservative Chinese blame the individual for taking on too much debt rather than Jack Ma's Ant Group's easy money. When I was 17 years old I was amazed to find out that the government limited the pay out from slot machines to about 85%. I thought this meant big profits for gambling companies, but then I found out how a higher pay out causes addiction, leading to...

Strategic Culture FoundationThe Longer Telegram: To Contain China or the USA? Christopher BlackSputnik InternationalUS Reportedly Sneaks 45-Truck Convoy of Military Vehicles and Oil Tankers Into SyriaUS Expands War on Chinese Tech Sector, Labels Five Firms ‘Threat to National Security’You Can Run, But You Can’t Hide: Police Discover Bolivian Ex-Caretaker President Añez Under the BedTASSWest’s actions have precipitated regulation of cyberspace, says Russian diplomatLeak of British FCO files...

We gotta stop with this misleading, ignorant and divisive characterization. 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

 I started up a second twitter account for science, spirituality, metaphysics, art, music, and health, and it's the best thing I've done as it keeps me out of my politics account a lot.Browsing social media apps on smartphones makes you more likely to grind your teeth, sleep poorly and suffer from jaw pain, an Israeli study has found. ...The TelegraphSmartphones can do you physical harm, Israeli study finds

Banks were net buyers of Treasuries. It’s small speculators doing the selling.

Thinking the unthinkable and speaking the unspeakable. It would be difficult to impossible without the Internet.MindorenyoJFK and the UnspeakableDetroit DanSee alsoOpEdNewsPolice Brutality in the United States of AmericaFranz WohlgemuthAlsoAntiWarDan Cohen: Is China Committing Genocide? Behind The US Government’s Propaganda CampaignScott HortonAlsoOronoco Tribune (Aug 25, 2020)Beijing’s Decades-Long Policies in Xinjiang, CIA Interference, Funding of Separatist and Terrorist Groups Shane...

Well, almost. These records aren't adjusted for inflation, as with inflation taken into account, the highest-grossing film of all time is still Gone with the Wind.The WeekAvatar becomes the highest-grossing film of all time again after re-release in ChinaBrendan Morrow