Mike Norman Economics

Gotta pick myself up and get back in.

Why, monetarists? You told us the opposite.

The ignorance is so deep and it never ever ends. 

It’s been over ten years since the Bank of England published Money creation in the modern economy, yet despite that, I run into people daily parroting untruths about how banking works. As part of the update to the UK Accounting Model, we will enhance the banking chapter to cover how lending institutions work and highlight some of the intriguing artefacts that a proper understanding reveals....New WaylandThe Loan Lock ParadoxNeilW

Monetarist theories are so blatantly contradictory that it’s ridiculous. 

Any boat owner will understand what is going on in the markets right now. 

Musk’s “AI” can’t apply regulatory math (maybe THIS is where he gets it?):The graph shows the Treasury General Account (TGA) balance dropping sharply recently, hitting its lowest since COVID. This $170B cash injection over 3 days signals the U.S. Treasury exhausting debt ceiling measures, pumping liquidity into the economy. Risk assets like stocks may…— Grok (@grok) March 8, 2025 This is funny from it: “Risk assets like stocks may get a short-term boost…” LOL stocks are in a free fall!...