Mike Norman Economics

It’s Wednesday and I usually try to write less blog material. But given the holiday on Monday and a couple of interesting developments, I thought I would write a bit more today. And after that, you still get some great piano playing to make wading through central bank discussions worth while. The Financial Times article (January 4, 2021) – Investors believe BoE’s QE programme is designed to finance UK deficit – is interesting because it provides one more piece of evidence that exposes the...

A volunteer who signed up for Moderna’s coronavirus vaccine trial was struck by lightning 28 days after receiving the injection. That 72 year-old volunteer, whose name and gender have been withheld, met with the freak accident after getting an actual shot of Moderna’s vaccine, rather than the placedo, during the second phase of the vaccine’s trials.Covid vaccine volunteer, 72, struck by lightningp.twitter

Here's what will happen to the markets in the two scenarios. 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

Moon of AlabamaU.S. Foreign Policy Blob Knows The Real Threat From China - Has Ideas Of How To Defeat ItDefend Democracy PressUkrainian nationalists and neo-Nazis stage torchlight march in Kiev to mark Nazi collaborator’s birthday RT‘Without fear of death’: Xi Jinping orders Chinese army to be ready to fight ‘at any second’SputnikChina's DF-17 Hypersonic Missile Seen to Get Stealth Upgrade, Reports ShowSouthFrontRussia To Place 13 Yars ICBMs And Avangard Hypersonic Systems On Combat Duty In...

For the record.SpearsHow Modern Monetary Theory gained currencyArun Kakar

According to this report, the CIA neutralised the left in a France, eventually pushing it towards neoliberalism. Then, when neoliberalism became discredited, France shifted further towards populism and the Right. Even theoreticians who were not as opposed to Marxism as these intellectual reactionaries have made a significant contribution to an environment of disillusionment with transformative egalitarianism, detachment from social mobilization and “critical inquiry” devoid of radical...

Watch now the Art Degree people are going to synthesize their NAIRU Theory with their Woke Theory and come up with the “Non Accelerating Inflation Rate of Unwokeness”....  lock it...Union organizers demand additional wokeness from Google. So far, I love 2021. https://t.co/JdVLv0ltWs— Scott Adams (@ScottAdamsSays) January 4, 2021

 I loved this one![embedded content]

 This video is sometimes fairly critical of China, although it's not too harsh, but it does give you a different perspective. China is still a very poor country in the rural areas. [embedded content]

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. He indicated that he would like to contribute occasionally and that provides some diversity of voice although the focus remains on advancing our understanding of Modern Monetary Theory (MMT) and its applications. It also helps me a bit and at present I have several major writing deadlines approaching as well as a full...