Mike Norman Economics

For the past few months I’ve been working with Andrew Berkeley and Richard Tye helping them complete “An Accounting Model of the UK Exchequer” which has been published online by GIMMS as a working document.The study is a tour-de-force of research and history by Andrew and Richard, and I’m very grateful to have been invited in to assist with the accounting and systemic analysis of the structures that lie at the heart of the UK monetary system and add my little bit to the document. However I...

 China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the Covid-19 pandemic, a think tank said.The CEBR said China’s “skillful management of the pandemic,” with its strict early lockdown, and hits to long-term growth in the West meant China’s relative economic performance had improved.The Japan Times China to leapfrog U.S. as world's biggest economy by...

Well I wanted to wish everyone here a _erry Christ_as today but... “we’re out of M’s!”;p

I provide a lot of research support for trade unions in wage determination cases in Australia, where wage agreements are uniquely decided in judicial processes. The cases are onerous and highly contested and as an expert witness I am often grilled for lengthy periods by the employers’ barristers in the evidential phase. One of the things that has been relevant in the last year or so has been the wage caps and freezes that government employers are placing on their workforce as a way of...

Australia has by far the largest reserves.OilpriceThe Countries Set To Win Big On The Lithium BoomRobert Rapier

Donald Trump managed to receive 74 million votes despite countless failures for the simple reason that he presided over three years of a high-pressure economy in which wages grew rapidly. If the Democrats ignore this lesson or listen to fiscal hawks already pushing for austerity, they will face a painful reckoning in 2024....Is anyone at Democratic Party HQ listening?Project SyndicateWhat Lifted Trump Could Sink BidenBrad DeLong | Professor of Economics, UCAL Berkeley

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[embedded content]Backdoors can be used by cybercriminals! In case you have not studied LAED, let me give you a quick summary. LAED stands for Lawful Access to Encrypted Data Act, a bill introduced on June 23rd in the United States, which is nothing short of a frontal attack on encryption in any form. When passed, this bill can force tech providers to create a backdoor that allows law enforcement and intelligence agencies to access encrypted data. So, this means that devices, operating...

More surprises may be coming, but current policy is enough to keep trends in place. 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

Whaaaaaaaaaaaaaaaaaatttttt?!?!?!?!?2020 Is The Worst Year For Contrarians Ever https://t.co/numVHBuaVy— The Watchman (@MMCAnchor) December 23, 2020