Mike Norman Economics

Trump is itching to bomb Iran, and markets are starting to act like he's gonna do it. 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

Mitch McConnell says bye bye to Judy Shelton. No wacko gold bugs on the Fed board. 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

Fiscal support too strong to look for a market top at this time. 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

 Pandemic, famine, war. Happy New Year!Sputnik International2021 is Going to Be Even Worse Than 2020 as UN Warns of 'Multiple Famines of Biblical Proportions'

I have just finished reading Alan Shipman’s fascinating biography of the late economist Wynne Godley, who passed away in 2010....The Political Economy of DevelopmentWynne Godley and economics – forecasts, policy and the drivers of prosperityNick Johnson

The Swedish model revisited.Sweden received a lot of international attention earlier in the year when it chose not to lockdown the country in response to the first wave of the coronavirus, unlike many other nations.However, subsequent research showed Sweden suffered a very large number of deaths, taking into account its population size. Neighboring countries, such as Finland, had been considerably more successful in preventing fatalities....RTSweden sets new ‘absolutely necessary’ Covid-19...

While this is ostensibly political, it is also important for the demographics, which now seem to be shifting. This will have far-reaching implications if it develops into a trend, which I suspect it will.The working class did poorly under former President Barack Obama, as well as his gentry Republican predecessors, while their incomes rose during Trump’s brief presidency before COVID-19. This may explain why even with the amiable Irishman Joe Biden atop the ticket, the Democratic brand is...

In the second of a two-part series, Maximilian Kärnfelt argues that China’s digital currency will further its goal of internationalizing the yuan. But there won’t be a snowball effect. Read part I of our series here.Steering a course of gradual opening up to improve stability while progressing steadily. China has long used the "helmsman" analogy of governance. Mao was called the "Great Helmsman," and Deng "the little helmsman." MericsThe digital Yuan will only lend a minor boost to...

From the news articles about Cahaly’s polling, it seems that a key aspect of their method is to measure intensity of preferences, and it seems that Republicans won the voter turnout battle this yea....This was predictable for two reasons. First, Donald Trump is a far more savvy politician and better persuader than his opposition. Secondly, the Democrats are fighting an internal civil war  between tthe establishment and progressive wings. (The GOP already fought their civil war, and DJT and...

The question of how it can be paid for doesn’t arise if we understand how the government spends. It would be paid for in the same way the government always pays for things; by creating the money out of nowhere. A simple transfer with a few computer keystrokes authorised by the Treasury and carried out by the Central Bank. We need to knock on the head the idea that a portion of our tax is being collected somewhere in a savings pot to be divvied out at retirement or indeed that taxes serve to...