Mike Norman Economics

“The Oxford vaccine is… striking, since the point was to pay researchers, but not to rely on patent monopolies to generate large profits.” – Economist Dean BakerThe world is abuzz today after a team of medical researchers from Oxford University in the United Kingdom announced that advanced trials of their experimental coronavirus vaccine were a roaring success, with the vaccine possibly being rolled out before Christmas. Testing was done on 24,000 volunteers in the U.K, Brazil, and South...

I like these types of moves because they give opportunities to add positions in a big trend. 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

Harnessing cowboy capitalism in China's tech industry.Business InsiderAlibaba's CEO said China's new tech regulations are 'timely and necessary' as the nation aims to keep internet firms from growing into powerful monopoliesKatie Canales

"China is trying to beat countries into submission by egregious economic coercion," one senior official told the WSJ. "The West needs to create a system of absorbing collectively the economic punishment from China’s coercive diplomacy and offset the cost."After spending the last half millennia beating other countries and peoples into submission not only economically but also militarily through colonization and the neo-colonization that is ongoing, the West is now complaining about China?...

By recognizing and investing in the strengths of pioneering cities and regions, China has developed a powerful mechanism for organizing and advancing its economic transformation. Judging by the tremendous success of Shenzhen and Shanghai, it seems clear that China will continue to reap the rewards of this approach for decades to come.One of the most difficult and challenging areas of economics is development economics. The success have been somewhat rare. However, China has broken the mold...

 Human interest story.Zero HedgeItalian Police Use Lamborghini For Urgent 300-Mile Kidney Delivery In Just Two HoursTyler Durden

More backroom dealings to funnel wealth to the top.Wall Street On ParadeThe Untold Story of Mnuchin’s Demand for the Fed to Shut Down Emergency Lending ProgramsPam and Russ Martens

Scott Sumner challenges MMT economists to show him where he is wrong in this understanding of their position.The Money IllusionMMT blegScott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University

 Andrew Oldham was a Rolling Stones producer in the 60's and he knocked this little tune based on their song, The Last Time. Not many people can hear the original melody in this version which goes at a much slower tempo, but also has chopped up bits of the original melody going at a much faster tempo. On YouTube people accused me of lying when I said I could hear the melody, they said no one can. Other people said that the Last Time only inspired Andrew Oldham's version, but is not the same...