Mike Norman Economics

Stephanie Kelton@StephanieKeltonAmazon is promoting the eBook version of The Deficit Myth. A one-day promotion @ $3.99

A little backing and filling today, but nothing of consequence. 

Vietnam, the Philippines and Brunei will join other major Southeast Asian economies in an interconnected QR code payment system that aims to promote use of local currencies and reduce dependence on the U.S. dollar.Indonesia, Thailand, Malaysia and Singapore are already progressing with the implementation of bilateral transactions using QR codes among one another -- which was initiated last year, said Perry Warjiyo, governor of Indonesia's central bank, on Friday.…Nikkei AsiaVietnam,...

As it provokes a new Cold War, the U.S. is warning that its corporate and financial interests, which came first after the 1980s Dengist reforms, no longer take precedence, writes Patrick Lawrence.Consortium NewsThe US Problem With China: Beijing Is Better at CapitalismPatrick Lawrence

Fiscal flows have slowed dramatically and a major tax drain is coming.

Censorship moves to a new level in denying funding.Racket NewsGoFundMe, Go To HellMatt Taibbi

I have been avoiding keeping up-to-date with the Irish national accounts over the last several years for reasons that I documented in this blog post – Ireland – not as rosy as the official story might suggest (January 2, 2018). Ireland has been held out as the poster nation for the Eurozone boosters because of its seemingly ‘impressive’ growth performance after entry into the common currency and its resilience after the Global Financial Crisis. During the GFC, I wrote a series of blog posts...

Sullivan's whole speech is an argument against free markets and for protectionism and sector subsidies. It does away with the economic framework the U.S. had build after the end of the second world war. This is supposed to be replaced it with bilateral and block wise agreements that are to the advantage of the U.S., to the disadvantage of its agreement 'partners' and which exclude China and other 'hostile' economies....How the worm turns. End of an era.Moon of AlabamaHuawei Chips Demonstrate...

Documentary on MMT.The LensMMT the Movie: Coming to a Festival Near YouStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

Interviews with video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismBRICS Keep BuildingHigh Finance & Investment ColonialismMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University