Mike Norman Economics

 I love my uncle. But when it comes to vaccines, he is wrongI recognize, with some trepidation, that people may wonder why I feel I need to speak out publicly about vaccines and against my uncle. The truth is, his name and platform mean that his views carry weight. After three hours, his Facebook post accusing government regulators of abdicating their responsibility to protect the public had 4,700 reactions, 2,300 shares and 641 comments.As a doctor, and as a member of the Kennedy family, I...

Corporate power in the United States has risen to unprecedented levels, but the rate at which this power has grown is decelerating. Both facts have important implications for the future of U.S. capitalism.According to the theory of capital as power (or CasP for short), the quest for capitalized power – and for more and more of it – is the key driving force of modern capitalism. Capitalists, CasP argues, particularly dominant ones, judge their power differentially. They measure it by the size...

Transcript.Naked CapitalismA Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe EscobarInterview with Michael Hudson & Pepe Escobar

They’re not booing...  they’re saying Maaaahhhnooooooooch...The $600 being credited to US person bank accounts this morning already... (I guess he didn’t do a part 2/2?)... I’ve read the $600 individual payments will total about $166B for US Treasury... I’m interested to see what they do or don’t do to adjust the TGA balance in response to these withdrawals....@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to...

A lab experiment which used mechanical mannequins to test the efficacy of face masks in reducing the spread of large droplets when coughing and speaking has found that they can block 99.9 percent of drops when worn properly. The findings were published in the journal Royal Society Open Science   Mask Wearing Is 99.9 Percent Effective At Retaining Large Droplets When Worn Properly, Study Finds

Comments made last week by the former Clinton, Obama and now Biden economist Lawrence Summers contesting whether it was sensible for the US government to provide a $US2,000 once-off, means-tested payments was met with widespread derision and ridicule from progressive commentators. There were Tweets about eviction rates, bankruptcy rates, poverty rates, and more asserting that the widespread social problems in the US clearly meant that Summers was wrong and a monster parading as a progressive...

Think in terms of policy cycles rather than looking or focusing on price. 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

Transcript.Naked CapitalismPolarization, Then a Crash: Michael Hudson on the Rentier EconomyLynn Fries of GPE Newsdocs interview with Michael Hudson

The Unz ReviewChina: Ten Predictions for 2021Godfree Roberts

 If Europe and the U.S. are to compete effectively with China and Huawei, they need Nokia to start getting 5G right.It's a shame, Nokia betted on a superior chip, which would have been better for consumers and engineers, but it was more expensive, so Nokia lost out, but it still has a chance.Finland's Champion Nokia Is Letting the Side Down on Huawei and 5G