Mike Norman Economics

Here is the FT "kitchen sink" opinion piece by Stephen King, HSBC’s Senior Economic Adviser and author of ‘Grave New World’ without the paywall.Zero HedgeThe Bill From MMT: Higher Taxes, More Austerity, Rising Inflation Or Eventual DefaultStephen King

Regardless of whether it is called MMT, the trend is now mostly fiscal. Monetary policy is over as central banks "used up all their ammo" and the "bazooka" is still smoking, to no effect. We are entering new territory.OMFIFIt's mostly fiscalChristian Kopf | Head of Fixed Income Fund Management at Union InvestmentGeorge Selgin hates it.Cato InstituteGround Proposals for “Helicopter Money”George Selgin

They spent the last 34 weeks bearish and pessimistic. Now they are getting more bullish. Only now. 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

Good work!Tax Research UKFT Alphaville is convinced on MMTThe case for MMT: or why the FT is wrong to publish ill-informed arguments against itRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Thomas Palley is one of the more persistent MMT critics. His article “What’s wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy” was published just as I was finishing up this manuscript. Although I am not greatly impressed with the quality of the criticism, it covers many of the topics discussed in this chapter. If one wanted a summary critique (and not rely on my summaries) of major points of dispute, this might be the briefest...

Yesterday (October 21, 2020), the British Office of National Statistics (ONS) released the latest – Public sector finances, UK: September 2020 – which, predictably tells us that government borrowing was “£28.4 billion more than in September 2019 and the third-highest borrowing in any month since records began in 1993” and that the public debt ratio has risen to “103.5% of … GDP … this was the highest debt to GDP ratio since … 1960.” Shock horror. While I yawn. The financial media went to...

My new podcast is out. I talk about this. There is no debt. 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

 Viral load seems to make a big difference as to whether you recover quickly, or not. Thousands of people of all ages are staying sick for weeks -- even months. A study by Denmark's Aarhus University found a third of corona patients suffered long-term side effects. For some, the virus doesn't just come and go. It stays. The disease can damage the lungs, heart and brain, increasing the risk of long-term health problems.[embedded content]

The US is also warning developing countries against using Chinese finance agenciesThe US praised capitalism, free markets, and globalisation while it was out on top, but now it's rigging the market.The US is planning to offer billions of dollars in loans to developing countries in the hope of persuading them to use Western alternatives to Chinese companies...The Telegraph US to offer developing countries aid to ditch Huawei