Mike Norman Economics

I am doing another editing pass, and do not have time for a full article. I just want to make some observations on the political/fiscal outlook in the United States and Canada. Bond Economics Observations On The North American Fiscal OutlookBrian Romanchuk

Of interest statistically.Statistical Modeling, Causal Inference, and Social ScienceRandomized but unblinded experiment on vitamin D as a coronavirus treatment. Let’s talk about what comes next. (Hint: it involves multilevel models.) Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia UniversityAnother studyPLOSVitamin D sufficiency, a serum 25-hydroxyvitamin D at least 30 ng/mL reduced risk for adverse clinical outcomes in...

Interesting post on how the Chinese government works institutionally, and why the Chinese people give it such a high approval rating. I had been aware of this previously, but not at this level of detail.Bill Totten's WeblogHow Democratic is China? Godfree Roberts, originally published at Here Comes China

It's Wednesday so a shorter blog post today with an interview I recently did with financial market educational professionals, the i3 (Investment Innovation Institute) where I cover a range of topics of current interest from an Modern Monetary Theory (MMT) perspective. Then we get down with some very cool music. And that is it. And I turned off the debate today in the US after 5 or so minutes and wondered what the hell that nation has become. None of the contenders is electable would be my...

— Initial exposure, strength of virus infection both seen as contributors to illness severityCruise ship passengers who embarked from the coast of Argentina in mid-March were unaware that they were living in a COVID-19 hotspot for more than a week after the ship departed.The reason why these passengers were oblivious? Because a majority of the cruise ship's cases were asymptomatic.Researchers are now pointing to this cruise ship outbreak, in which all passengers were provided surgical masks,...

France said on Tuesday it planned to "gradually" ban the use of wild animals in travelling circuses, the farming of mink for fur and the breeding of dolphins and orcas in captivity.Animals rights group PETA hailed the decision as "an historic victory".France to ban wild animals in travelling circuses

Trump and Biden duke it out in their first debate. What will the market reaction be? 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

Trump and Biden duke it out in their first debate. What will the market reaction be? 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

So when Jason Hickell says that “MMT provides an opportunity for us to create a post-growth, post-capitalist economy” he is saying no more than it is possible now with our current monetary system. So money is decidedly not the problem, nor even capitalism. Political will is the problem. It appears to me that Peter May misses an important point about "capitalism" based on economic liberalism. Right from the start of the industrial age, the rallying cry of private enterprise was...

What the bankers and politicians are not telling people. Same story in the US at the time of the GFC and aftermath. Grifting aka "pretend and extend."MacrobusinessShould bankers or Australians get RBA “monopoly money”? David Llewellyn-SmithSee alsoStumbling and MumblingSavers, capitalism & self-interest Chris Dillow | Investors Chronicle