Mike Norman Economics

Mervyn King trashes MMT.If you can’t explain something, try an abbreviation. The latest in economics is MMT — Modern Monetary Theory or, in other words, a magic money tree. It’s a simple idea. It costs almost nothing to print money: the cost of printing banknotes is negligible compared with their face value, and even lower when the Bank of England creates money electronically through its so-called ‘quantitative easing’ programme (QE). That money could be given to the public — either directly...

MMT in India.The Week'Poor' economicsNavin J Antony

The model has limitations, of course, but it's an interesting study about in-group and out-group behavior under different economic conditions. As might be expected, adversity results in retrenchment as defense. Since this is a cultural phenomenon and the social, political and economic are linked in a culture, economic conditions have social and political effects, including increased polarization in times of economic adversity or inequality.Socially, a consequence is polarization in the sense...

 New network-security legislation is latest setback for U.S. effort to rein in Chinese tech giantBERLIN—The German government Wednesday moved closer to allowing the use of Huawei’s technology in 5G mobile networks, giving the Chinese company a small victory on a European continent increasingly aligned with the Trump administration’s anti-Huawei views.A bill approved by Chancellor Angela Merkel’s cabinet that would allow Huawei’s continued presence in Germany still requires parliamentary...

 Our research shows that the economic case for keeping taxes on the rich low is weakDr Hope, Visiting Fellow at LSE’s International Inequalities Institute and Lecturer in Political Economy at King’s College London, said: “Our research shows that the economic case for keeping taxes on the rich low is weak. Major tax cuts for the rich since the 1980s have increased income inequality, with all the problems that brings, without any offsetting gains in economic performance.”Dr Limberg, Lecturer...

 Since November, the country has been unable to ignore a significant spike in coronavirus cases“Don’t go to gyms, don’t go to libraries, don’t host dinners. Cancel.” These words of warning issued by Prime Minister of Sweden Stefan Löfven marked a dramatic change in the country’s response to the coronavirus pandemic.Previously, Sweden’s anti-lockdown strategy had been heralded as a victory for common sense by sceptics, with bars and restaurants open for business and people going about their...

I said the dollar's rally last year was a rally in a bear market. It was. 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

 I quite like the poster. Anyway, Numuves says things were very lax in China ten years ago, but Xi has cleaned it all up a lot Fight is Prohibited If you lose you will be hospitalised If you win you will go to jail An interesting podcast by Numuves. Is China too free? Prostitutes, Fake teachers, Losers like Serpentza Laowhy86 | Podca #5[embedded content]

 My last girlfriend said her ex hated the sound of people eating their food, so her and her daughter would exaggerate the sound at meal times because they didn't like him. After I had been with her for six months, she told me off for slurping my tea. I was surprised as I never knew I did it, and no one else had ever complained. She tried to teach me how to drink tea properly, which was very irritating. I tried it, but it just wasn't the same. Anyway, it turns out that slurping tea is the...