Mike Norman Economics

People’s Bank of China stipulates for the first time that the digital yuan will be allowed to circulate and be converted like physical currencyHead of central bank’s digital currency research institute admits potential problems with digital yuan, but says they reinforce need for central bank oversightSCMPChina Moves To Legalise Digital Yuan, Ban CompetitorsFrank Tang

 It's 5 years old, so it hasn't been specially made for the present, that makes it even more powerful.Police officers in Corby, UK were attacked by a man with a knife. They used pepper spray and batons to take him down. But in the U.S., some cops have a very different way of dealing with the problem.[embedded content]

Slow news day.Zero HedgeElon Musk's Aggregate Compensation Reaches $11.8 Billion After Hitting "Adjusted EBITDA" MilestonesTyler Durden

MMT makes it to Pakistan.Dawn (Pakistan)New economic ideasAqdas Afzal teaches economics and public policy at Habib University, Karachi

Today, I celebrate – my home town of Melbourne has recorded zero new infections for the second time since June 9, 2020 and zero deaths. A consecutive day of double zero. My Melbourne band Pressure Drop is planning a live streamed gig soon – our first time playing since March. Details will come when we know more about when we can do it. Something to celebrate in a bleak year. Today I am writing about the underside of neoliberalism though. Nothing to celebrate about this at all. Revolving...

Russia just got a lot richer.Zero Hedge67 Million Ounces: World's Biggest Gold Reserves Discovered Deep In SiberiaTyler Durden

How to finance a Green New Deal that is truly global? Fadhel Kaboub has a proposal that builds in colonial and climate reparations.Fadhel Kaboub is an MMT economist.New InternationalistGreen and justFadhel Kaboub | associate professor of economics at Denison University and president of the Global Institute for Sustainable Prosperity

 The view of the US State Department. 77 pages report. US Department of StateGEC Special Report: Pillars of Russia’s Disinformation and Propaganda EcosystemAugust 2020

"Unfortunately, we have to admit that recently, Washington and a number of EU capitals have redoubled their efforts to contain Russia's development; they are trying to punish us for an independent foreign policy, for consistently upholding our national interests. <…> So we have no other choice but to conclude we cannot count on a mutually respectful consideration of the emerging problems, because the West has made it a rule to talk with Russia based on the presumption of its guilt,"...

Buy the dip. Nothing has changed. I did 700 push-ups in one day! 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