Mike Norman Economics

According to this report, the CIA neutralised the left in a France, eventually pushing it towards neoliberalism. Then, when neoliberalism became discredited, France shifted further towards populism and the Right. Even theoreticians who were not as opposed to Marxism as these intellectual reactionaries have made a significant contribution to an environment of disillusionment with transformative egalitarianism, detachment from social mobilization and “critical inquiry” devoid of radical...

Watch now the Art Degree people are going to synthesize their NAIRU Theory with their Woke Theory and come up with the “Non Accelerating Inflation Rate of Unwokeness”....  lock it...Union organizers demand additional wokeness from Google. So far, I love 2021. https://t.co/JdVLv0ltWs— Scott Adams (@ScottAdamsSays) January 4, 2021

 I loved this one![embedded content]

 This video is sometimes fairly critical of China, although it's not too harsh, but it does give you a different perspective. China is still a very poor country in the rural areas. [embedded content]

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. He indicated that he would like to contribute occasionally and that provides some diversity of voice although the focus remains on advancing our understanding of Modern Monetary Theory (MMT) and its applications. It also helps me a bit and at present I have several major writing deadlines approaching as well as a full...

The Gower Intitiative for Modern Money Studies Newsletter – January 2021

Worries about Georgia elections, Covid and more, but fiscal flows will sustain the move higher.

I've written about fasting and its effects on health before. Six years ago, a study showed that a 3-day fast can essentially reset the immune system, providing many potential benefits. These benefits include better cardiovascular health, better endurance, lower blood pressure, and reduced inflammation. Newer data, which I'll get to in a minute, shows that you might not have to fast nearly that long to get these benefits.Can Intermittent Fasting Reset Your Immune System? 

 Online bike parts retailer Dutch Bike Bits has announced that with the advent of Brexit, the UK will become the only country in the world to which it will not ship goods. The firm explained that this was because the UK is now asking overseas firms to apply and collect British taxes on behalf of the British government when selling to UK customers.It's become too much hassle dealing with the UK now, it's easier to deal with a whole continent which has the same trading rules.The point at which...

A recent controversy that erupted was the question as to whether transfer payments (such as the $2000 transfer that was debated in the United States) would cause the economy to overheat. There is an interesting issue: even if $2000 is not enough, what about larger amounts? I have severe doubts that anyone could give a useful answer to what appears to be a simple quantitative question, without a country pushing the envelope for the sake of an economic experiment....Bond EconomicsTransfers And...