Mike Norman Economics

We’re seeing the beginnings of what unambiguous power looks like. Corporate donors are dropping the GOP, throwing away an intimate, decades-long DD/lg relationship. But perhaps more important is the wave of unprecedented internet censorship that included the digital death penalty for Trump and his allies, and also for any users who continue to make claims of election fraud. This was seemingly coordinated among the entire now-private public square, and private companies are of course allowed...

The Hill (Harvard CAPS/Harris Poll survey released on Tuesday)Two-thirds say the election was fair: pollJulia ManchesterSputnik International (Let's see how Biden does.)Trump's Farewell Address: 'Especially Proud' to Be 1st President 'in Decades' With 'No New Wars'The Last RefugePresident Donald J Trump Delivers a Farewell Address – Video and TranscriptSundanceZero Hedge (~30% of Republicans are die-hard Trump supporters)McConnell Sparks GOP-Split Talk, Claims "Mob Was Fed Lies...Provoked By...

I am in awkward position with respect to political economy. I believe it is important, but do not like writing about it. (This can be explained that my unusual political biases probably only make a handful of people happy, which is not a great marketing strategy.) However, if we want to talk about the multi-year prospects for inflation, we need to dip into politics....Bond Economics Political PosturingBrian Romanchuk

Although [incoming Secretary of State Antony] Blinken acknowledged US President Donald Trump was "right in taking a tougher approach to China," he stressed that he "very much" disagreed with the manner in which the president went about the matter."The basic principal was the right one," he remarked.The nominee also informed the Senate Foreign Relations Committee that there is a strong enough foundation in place that could help to build a bipartisan policy on China....Sputnik...

The season opening of the Joe and Kammy Regime Change Show could not be a more appropriate roomful of mirrors reflecting the self-described US “political elite”.During the 2000s, I came face to face with Baghdad’s Green Zone multiple times. I always stayed, and worked, in the hyper-volatile Red Zone – as you may check in my 2007 book Red Zone Blues.We knew then that blowback would be inevitable.But still, we could never have imagined such a graphic simulacrum: the Green Zone fully replicated...

I edit a newsletter for the 22,000 US companies doing business in China, covering the economy, trade, society, governance, geopolitics, health, BRI, defense, and current events. Opinion pieces provide perspectives usually absent from our media. In the process of assembling each issue, it dawned on me that the Chinese accomplish more in an average week than do we in a year. Let me show you what I mean:China rising. The dragon flexs its wings. Unz ReviewMomentum: A Week in China, by Godfree...

Last week, I wrote this blog post – OECD is apparently now anti austerity – warning, the leopard hasn’t changed its spots (January 12, 2021) – which warned against accepting the idea the growing number of mainstream economists, who were now advocating fiscal dominance, was evidence of a fundamental shift in New Keynesian thinking about macroeconomics. The reality is that they haven’t really shifted much at all and Max Planck’s postulate that paradigms shift one funeral at a time remains...

A government with the authority to tax can ensure acceptance of a particular currency. By nominating a currency in which income and wealth are to be assessed, and imposing taxes that can only be paid in the nominated currency, the government establishes a demand for the currency.This is true whether the government issues its own currency or instead adopts a currency issued by some other entity.But a government that adopts somebody else’s currency is reduced to the status of mere currency...

 The experienced trader might be able to hedge his bets against inflation, but for everyone else, it's too risky, says, Alex Herne. In 2013 James Howells threw out a computer hard drive containing bitcoin. Last week he again asked his local council for permission to dig for it at his local dump as he believes it is now worth about £200m. The Guardian’s UK technology editor, Alex Hern, looks at the rise of bitcoin and whether it should be bannedThe Guardian Podcast Alex Herne - Is Bitcoin a...

Debt ceiling is a self-imposed constraint. Treasury is not allowed to run an overdraft in its account at the Fed. Meanwhile, all banks can. It's absurd. 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