Mike Norman Economics

 These two articles below give you some idea how huge the US Industrial-Military Complex actually is. It sprawls out into vast sections of the non military, consumer business sector too, for instance, like stationery, IT, and medical equipment, etc. No wonder the US is addicted to war.This is a pro military-industrial Complex article looking at the opportunities for private businesses. ****To most people, the military is all about the “tooth”—the warfighters and weaponry they see on the...

It is not surprising that current and retired central bankers feel threatened by Modern Monetary Theory. With deep roots in the Keynesian tradition and a consistent commitment to achieving full employment, MMT shows that good economics and sound policy doesn't have to be shrouded in obscurantist cant....Good post. Short, too.  Project SyndicateWho’s Afraid of MMT?James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B....

It’s Wednesday and my blog-light day. Today, I provide the English-text for an article that came out in the leading Japanese business daily, The Nikkei yesterday on Modern Monetary Theory (MMT) and its application to the pandemic. Relevant links are provided in the body of the post. The interesting point I think is that ‘The Nikkei’ is the “the world’s largest business daily in terms of circulation” and has clear centre-right leanings. The fact that they are interested in disseminating ideas...

Food for thought. John Quiggin makes some observations and asks some questions.Peripherally related to MMT based on availability of real resources.John Quiggin's BlogScarcity and plentyJohn Quiggin | Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government

Mankind is the most brightest creature on the planet, but also the most dumbest. President Donald Trump fueled confusion and conspiracies from the earliest days of the coronavirus pandemic. He embraced theories that COVID-19 accounted for only a small fraction of the thousands upon thousands of deaths. He undermined public health guidance for wearing masks and cast Dr. Anthony Fauci as an unreliable flip-flopper. But the infodemic was not the work of a single person. Anonymous bad actors...

People who know nothing use silly metaphors to hide their ignorance. 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

 The Analysis-NewsPaul Jay believes people really have become more enlightened in modern times. He says that up until WW2 Western people really believed it was okay to plunder the world. He believes that if people could get the real news the majority of them would want to stop the wars. For instance, he adds, most people don't know that the US chose Hiroshima and Nagasaki for nuclear destruction because they had firebombed to the ground all of Japan's other cities. They don't teach this in...

Roger E.A. Farmer and Konstantin Platonov published "Animal Spirits in a Monetary Model" in 2019 (link). This is a continuation of Roger Farmer's research programme of working with DSGE-style models but with a notion of multiple equilibria. Within the framework, the final solution is pinned down by "animal spirits": beliefs about the future evolution of the economy.My comments here are tentative, as I am in the process of working through the mathematics of the paper. My objective is to spend...

Oh... yeah... okay...Markets are moving away from a 'Darwinistic' phase: Morning Brief https://t.co/BigLAHqW0K by @MylesUdland pic.twitter.com/QMkpFLpB9g— Yahoo Finance (@YahooFinance) December 22, 2020