Mike Norman Economics

The Unz Review (falling into the Thucydides trap?) Trump’s Not-So-secret Art of Containing ChinaPepe EscobarThe Vineyard of the Saker (analysis)Joe Biden’s WarJ. Hawk, SouthFrontVoltaire Network (the enemy of my enemy is my friend)The Iran-Al-Qaida Axis according the USAMike PompeoMoscow Times (Putin's successor?)A Year After Shock Appointment, Russian Prime Minister Mishustin’s Star is RisingFelix LightAndrew Batson's Blog (defense)What makes China want growthAndrewVisual Capitalist (loaded...

The first-ever digital election was held by CDU on Saturday, with Laschet defeating his main contender, hardliner conservative Friedrich Merz, in a runoff ballot.The centrist politician and self-styled Angela Merkel continuity candidate, Laschet, narrowly won the election scoring 521 to 466 votes. The digital election’s results will be further confirmed by a postal vote with final, legally binding results expected next week.Runner-up Merz congratulated Laschet, wishing him “success” as the...

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.