Mike Norman Economics

Is the Ottoman Empire rising from its ashes as Erdogan makes a play for leadership of the Sunni Caliphate? Did Russia miss this?And this “pandemic” trend was picked up by the Turkish leader Recep Tayyip Erdogan, who embarked on a course towards an intensified collapse of the CSTO (which, it should be recalled, in addition to Russia and Armenia, includes Kazakhstan, Kyrgyzstan and Tajikistan) and to build a “Turkic NATO” with a single “Army of Turan” on its ruins. Among the members of such an...

Having persuaded states to give up their constitutionally mandated taxing powers by substituting their main revenue source, the sales tax, with a goods and services tax (GST)—administered by a GST Council dominated by the center—with the promise that their revenue shortfall will be made good, the center has now coolly reneged on that promise. States at present have no taxing powers (except over just three commodities); and the promised compensation from the center has not materialized.But it...

"Campaign finance." The 2020 election broke all records in a multi-billion extravaganza. How is this not bribery?PromarketRecord ‘Dark Money’ Donations Help GOP Retake House SeatsSee also"There are no progressive billionaires." Eric Zuesse lists the billionaires backing liberals.Strategic Culture FoundationProgressivism Versus LiberalismEric ZuessealsoMoon of AlabamaProgressive Initiatives Win While Dems Continue To Lose

 It's amazing how a country can be so divided equally. KV49.4% v 49.4%: Biden now leads Trump by 917 votes.This election would be over if it wasn't for The Purge:340,134 Georgians illegally purged before the 2018 midterms: 340,134 Georgians illegally purged before the 2018 midterms: 198,351 Georgians illegally before #Election2020: https://t.co/F4xd5nkA5e https://t.co/qwILW3QQDa

 Bannon: “I'd put the heads on pikes, right, I'd put them at the two corners of the White House as a warning to federal bureaucrats”Video embedded. Steve Bannon and his co-host discuss beheading Dr. Anthony Fauci and FBI Director Christopher Wray

 In China the regulators are not controlled by the oligarchs.They say talk is cheap. Tell that to Jack Ma.Corporate China's shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public attack on the country's financial watchdogs and banks.The regulatory system was stifling innovation and must be reformed to fuel growth, billionaire Ma told a summit in Shanghai on Oct. 24 attended by the great and...

Watch the chartists start saying this now. (Before it was a double top.) Pullbacks are opportunities to buy still. 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

Pretty much as you'd guess, except for #2 Hong Kong maybe.Visual CapitalistRanked: The Top 10 Global Cities, by Ultra-Wealthy PopulationCarmen Ang

Every once in a while I come across criticism of MMT that is over the top funny. Here's one for the record. ROFLMAO.Liberty NationIs Modern Monetary Theory Pathological Mendacity?Andrew Moran

McKinsey is supposed to be the place that hires the high-power talent. The authors of this article don't realize that a currency issuer doesn't need to get its currency to finance itself. Freshman error.McKinseyUsing public real estate to fuel a postpandemic recoveryDag Detter, Ali Abid Hussain, and Jonathan WoetzelOpen interactive popup