Mike Norman Economics

The Gower Intitiative for Modern Money Studies Newsletter – January 2021

Worries about Georgia elections, Covid and more, but fiscal flows will sustain the move higher.

I've written about fasting and its effects on health before. Six years ago, a study showed that a 3-day fast can essentially reset the immune system, providing many potential benefits. These benefits include better cardiovascular health, better endurance, lower blood pressure, and reduced inflammation. Newer data, which I'll get to in a minute, shows that you might not have to fast nearly that long to get these benefits.Can Intermittent Fasting Reset Your Immune System? 

 Online bike parts retailer Dutch Bike Bits has announced that with the advent of Brexit, the UK will become the only country in the world to which it will not ship goods. The firm explained that this was because the UK is now asking overseas firms to apply and collect British taxes on behalf of the British government when selling to UK customers.It's become too much hassle dealing with the UK now, it's easier to deal with a whole continent which has the same trading rules.The point at which...

A recent controversy that erupted was the question as to whether transfer payments (such as the $2000 transfer that was debated in the United States) would cause the economy to overheat. There is an interesting issue: even if $2000 is not enough, what about larger amounts? I have severe doubts that anyone could give a useful answer to what appears to be a simple quantitative question, without a country pushing the envelope for the sake of an economic experiment....Bond EconomicsTransfers And...

A final grand distraction before the president is forced to relinquish his office is a real danger that deserves serious attention.Talk about pure evil! Donald Trump is intent on creating as much chaos as possible on his way out of the White House. Could that include saddling Joe Biden with another war in the Middle East?But a war with the mullahs—the devout wish of Iran hawks like Michael Flynn, who supported Trump from the start and who now has his ear as the White House melts down in...

 Fresh austerity risks a public backlash, says chief economist Laurence BooneThe economic impact of the coronavirus pandemic should transform governments’ attitude to public spending and debt, according to the chief economist of the OECD, who has warned that fresh austerity would risk a popular backlash.Laurence Boone, who has run the economics directorate at the Paris-based organisation since 2018, told the Financial Times that the public would revolt against renewed austerity or tax rises...

 According to an industry leaker, Huawei may be the first manufacturer to announce a 3nm chipsetChip war heats up with new Kirin 9010 for Huawei

Review of Stephanie Kelton's The Deficit Myth and its application to India.The Hindu — Business Line (India)Dialectics of government deficitsS Adikesavan

On twitter AOC put out a video with her in her kitchen making dinner, while saying the problem was not left-wing or right-wing governments, it was about democratic, liberal governments and undemocratic authoritarian ones. She seemed to be implying that China, Venezuela, Bolivia, etc, were all in the firing line. So, she's another war-monger, a liberal interventionist. And I once admired Cenk Uygur too, but he's even worse.  Since comedian Jimmy Dore called on progressive members of Congress...