Mike Norman Economics

Somethings to think about now that the US is at the point of change and faces emergent challenges requiring science — the pandemic and climate change. Is "the market knows all" the way to go, or something else.The problem with so-called natural approaches is that when "nature takes its course" the "weak" get culled. And on the way, immiseration increases and along with it social unrest and systemic dysfunction.WSWSThe approach of the World Socialist Web Site to scienceBryan Dyne

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Some stores of value are clearly overdoing the storing partAccidents do happen, especially to bitcoin investors. An estimated 20 per cent of the digital currency is stranded — owned, for example, by people who can’t remember how to access it. I thought these guys were against the right to be forgotten?A Financial Times colleague wisely wrote down the passphrase to his bitcoin, now worth a few thousand pounds. Sadly he wrote it down wrong. As long as he doesn’t write things down wrong in the...

 Life is complicated enough already. Gee![embedded content]

The more things change, the more things remain the same. Surprised no one has figured out how to capitalize this yet. Oh, wait. Americans already did in the countercultural revolution, and they were followed by others around the world. I suspect the Chinese will figure it out, too. It's more difficult being a purist though, but some have managed it.Sixth ToneIn China’s New Age Communes, Burned-Out Millennials Go Back to Nature Wang Xuandi

We've often been told that government spending crowds out private investment. Is this really true? 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

A question from a viewer answered. Debt sales are a reserve drain operation. That's all. 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

Blackrock made a .07% return on $9 TRILLION in assets. That sucks.

When I talk about fiscal flows here is what I am referring to. 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

It’s not about printing money.