Mike Norman Economics

This is a more (popular) philosophical way of stating the institutional view. Money is a construct of the culture that is formalized in law and characterized by institutional arrangements created by human and can be changed. MMT is based on institutional analysis and is opposed to the naturalistic assumptions of conventional economists that just happen underlies policy that favors elite interests over people in general and the planet. CaitlinJohnstone.comMoney Is Made Up And We Can Change...

Yes, there is a US Deep State but not how most people think. We can assume something similar with the UK.Former US intel officer Philip Giraldi argues that it is not the unelected and unaccountable administrative state and intel services that makes up the US Deep State but rather the American Establishment (economic, financial, and political elites). The bureaucracy and the intel services are merely means they use to implement policy, and these subordinate people simply follow orders rather...

 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...