Mike Norman Economics

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...

 I will still wear one when going shopping, but they are difficult to keep on all the time in social situations or at work. If I'm around a lot of people I shall still wear one. I've never worn one in the street, except in very crowded ones, as it intuitively seemed to be pointless. Some people wear them in their cars even though they are the only person in it. We carried out a comprehensive review of the evidence about how face masks and other physical interventions affect the spread of...

 Administering pure oxygen in a pressurised chamber could reverse ageing and illness, research finds.But will it kill off mankind?Israeli scientists say they have managed to not only successfully stop the biological ageing process but to reverse it, using only oxygen.‘Backward in time’: Israeli scientists claim to reverse ageing

Moscow ready to provide vaccines to countries in need, said the Russian president.Putin addressing G20. TASSPandemic triggers systemic economic crisis, unprecedented since Great Depression - Putin

AbstractThis paper explores the fundamental importance of sociality to monetary sovereignty, investigating the apparent contrast between the state and the market in theories of money. Sociality deserves attention given the recent increase since the 1990s of denationalised, regional and, more recently, crypto currencies, which are different from legal tender. First, we examine the classification of metalism and chartalism, that is, the commodity theory of money on one hand and the chartal...

One aspect of commercial life that has always annoyed me is the habit of some project managers to refer to people as “resources”. It’s a wonderfully dehumanising phrase that lumps human beings, with their thoughts, feelings and aspirations, into the same category as steel ingots and rebar, to be shipped around as required by an unfeeling bureaucracy. That same disconnect is now creeping into opinion pieces as they struggle with the Modern Money reality we live in...New WaylandResources Are...