Mike Norman Economics

Increasing expenses and decreasing revenue are putting US states in a bind as currency users that must obtain the currency. The federal government acting as currency issuer is the only agent capable of addressing the issue. But the US government is paralyzed by political gridlock.The WeekAmerican state and city governments are bleeding out   Ryan Cooper

Encouraging numbers, but a bit of a one-sided look, IMHO.McKinseyCOVID-19 has revived the social contract in advanced economies—for now. What will stick once the crisis abates?

Lots of similarities to the bubbly dot-com days, except for one big thing. 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

 Spain’s coronavirus death toll between March and May was almost 70% higher than the official count at the time, data from the National Statistics Institute (INE) showed on Thursday, prompting the opposition to complain of a government cover-up.UPDATE 1-Spain's March-May COVID-19 death toll nearly 70% above official count - stats institute

 Ralph Drollinger, a minister who leads a weekly Bible study group for President Trump’s cabinet, argues in two blog posts and a rambling Bible study guide published in the past few days, that the coronavirus is a form of God’s wrath upon nations.America “is experiencing the consequential wrath of God,” Drollinger wrote in a March 21 “Bible study” on his Capitol Ministries blog. In addition to gays and lesbians, Drollinger also laid blame on people with “depraved minds,” environmentalists...

 Travelight make non political tourist videos about China, and in this one they go to Liliang. It's beautifully shot and has great music. The Naxi people are Buddhists where the women are in charge. There is no marriage and over a lifetime people may have several partners. They love nature and are conservationists. [embedded content]

Push driven by a conviction that markets and entrepreneurs are not to be fully trusted; ‘the market-reform camp is all but gone’Xi Jinping, long distrustful of the private sector, is moving assertively to bring it to heel.China’s most powerful leader in a generation wants even greater state control in the world’s second-largest economy, with private firms of all sizes expected to fall in line. The government is installing more Communist Party officials inside private firms, starving some of...

This post is a followup to a blog post I wrote a few weeks ago – ABCD, social capital and all the rest of the neoliberal narratives to undermine progress (November 12, 2020) – where I discussed the trends in government policy delivery and regional and community development thinking, which have emerged in the neoliberal period and attack the idea of government. These approaches claim thatonly through the development of social capital and a reliance on local initiatives, free of government...

Nobody there is going to attempt to initiate a dialogue starting with the thesis that they should just do the same thing and try it again...If there were then that moron person(s) would be disappeared from the team pronto...Instead all of the competent/qualified people doing this work will make an adjustment and correction and then attempt it again...SpaceX's unmanned Starship prototype rocket exploded on its return landing following a test flight https://t.co/mEJ9vKOX2u...

In addition to confronting gender politics, Magie decided to take on the capitalist system of property ownership – this time not through a publicity stunt but in the form of a board game. The inspiration began with a book that her father, the anti-monopolist politician James Magie, had handed to her. In the pages of Henry George’s classic, Progress and Poverty (1879), she encountered his conviction that ‘the equal right of all men to use the land is as clear as their equal right to breathe...