Mike Norman Economics

Stress can be constructive. It can make you stronger. Depends on your attitude. 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

Still gotta be a buyer of stock market dips. It's going higher. 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

Who owes what to whom? 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

Washington is pushing to make the tax regime voluntary — a position Le Maire strongly opposes, as most of the biggest tech firms hail from the U.S.A voluntary "tax" is not a tax. Simple as that. If it's voluntary, it's charity (philanthropy).POLITICOFrance reinstates digital tax, courting trade warBjarke Smith-Meyer, Elisa Braun

What the U.S. still could do is to honestly compete with China. But that would require humility, a strong industrial policy and a well paid and competitive work force.Neither of that is in sight.…Easier said than done. Owing to national security issues. as well as cultural and institutional differences, neither country is interested in a level playing field, and both are preparing for a lose-lose scenario to unfold for the foreseeable future. This will, of course, impact the rest of the...

Carlos Alberto Libanio Christo, better known as Frei Betto, is a recognized Latin American progressive reference and one of the main figures of the Theology of Liberation.Catholic socialism. Liberation theology tends to be to the left of Catholic social teaching, which steers a middle course between capitalism and socialism. Brazilian Frei Betto views neoliberalism as leaning toward neo-fascism, in particular in Brazil. Internationalist 360ºFrei Betto: “It is Totally Naive to Want to...

Robert Lighthizer and the Trump administration (for whom Steve Bannon was the initial spokesman before he was forced out) pitted themselves against neoliberal globalization on one hand, and the capitalist establishment on the other. Big chunk to bite off, to be sure. They made some inroads, but none that are permanent, lasting beyond a change of administrations. If DJT wins the election, they might have more success. If not, it's likely back to business as usual.ProPublicaRobert Lighthizer...

In this post, I continue the draft of sections of my forthcoming book, “Marxian Economics: An Introduction.” The first five posts (here, here, here, here, and here) will serve as the basis for chapter 1, Marxian Economics Today. The text of this post is for Chapter 2, Marxian Economics Versus Mainstream Economics (following on from the previous posts, here, here, here, here, and here).Occasional Links & CommentaryMainstream economics then: classical political economyDavid F. Ruccio |...

We will update this analysis tomorrow once we have the full bank data, however the take home message for now is that the next time someone says that under fractional reserve banking deposits are always a consequence of loan creation - one of the core pillar of such idiotic theories as MMT - just show them the chart above."Loans create deposits," doesn't specify a quantifier. ZH assumes this says that all loans create all deposits, whereas it is plain that the MMT assertion is that all bank...