Mike Norman Economics

Human rights, health, the rule of law – why are these concepts inflated to the status of totalising, secular religions? 18th century liberalism raised to the status of revealed religion.Conceptual overreachOne prominent form taken by this degradation of public reason is the phenomenon I call ‘conceptual overreach’. This occurs when a particular concept undergoes a process of expansion or inflation in which it absorbs ideas and demands that are foreign to it. In its most extreme...

Hotting up. Where might all this be leading from the perspective of history?The Biden administration has reoriented its foreign policy priorities with a new focus on China and Asia, and reduced the number of staff devoted to the Middle East, Politico reported.The US-based website reported on Friday that National Security Adviser Jake Sullivan downsized the team working on the Middle East and expanded a unit that focuses on policy towards the region that stretches from the Indian to Pacific...

On Monday, January 29, 1996, Warren B. Mosler, Director of Economic Analysis at III Finance, wrote a message on a message board in which he asks academics for references and help regarding his model. The model was spelled out in his text “Soft Currency Economics” (SCE), which Warren Mosler worked on in the early 1990s. The following collaboration of Warren Mosler with academics like Randall Wray, Bill Mitchell and many others led to the (further) development of an empirical theory of money...

A Wall Street billionaire is crying about having to pay taxes and says YOU wanting fairness in the system is Bullshit. Leon Cooperman. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

National self-sufficiency.Sputnik InternationalHuawei, SMIC to Join Chipmaking Standards Group as China Pushes Foreign Tech Decoupling in Trade War

 How to deal with Iran intelligently instead of stupidly. Remember the Obama Doctrine: "Don't do stupid shit."Backgrounder, too.CounterpunchHow to Do “Regime Change” Correctly: a Blueprint for the Biden AdministrationSasan Fayazmanesh

GameStop.Multiplier EffectJiu-Jitsu Comes to the Stock MarketJan Kregel, director of research at the Levy Economics Institute, director of the Levy Institute master's program in economic theory and policy, and head of the Institute's Monetary Policy and Financial Structure programSee alsoZero HedgeGameStop Squeeze Was Helped By 34 Year Old YouTubing CFA Who Turned $50,000 Into $48 MillionTyler Durden

The European Union recently announced a new economic plan, focused on strengthening the euro as a world reserve currency opposed to the dollar, including in its project targets such as the issuance of special euro bonds and the creation of a digital euro. All the countries in the bloc are called upon to foster the growth of the euro as a method of protecting the European financial system. Although the decrease in the use of the dollar is a recent global trend, it is necessary to investigate...

It didn't take long for the tables to turn once again. Robinhood shuts down trading in Gamestop and AMC, forcing liquidation only to protect the losing billionaire run hedge funds. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

Political ploy. (short)New WaylandPlanning for Tax RisesNeilW