Mike Norman Economics

Ice Cube understands U.S. is a currency issuer and not constrained when it comes to spending on needed investments. 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

Ice Cube understands U.S. is a currency issuer and not constrained when it comes to spending on needed investments. 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

Important. China is following Russia's path in developing self-sufficiency in response to US economic warfare. The world is dividing into Global North-South and East-West camps, which reduces to the US versus China. Hybrid warfare is first, with both sides beefing up their militaries. Add this to the effect of this pandemic and the acceleration of global warming and the situation seems incendiary.BruegelChina’s ‘dual circulation’ plan is bad news for others’ exports Alicia...

Will the US quit the WTO now?Sputnik InternationalWTO Sides With China in Tariff Row With US

Analysis of the Russian election. The status quo won handily. RTDespite small gains for the far right & Navalny, Russia’s weekend elections don’t suggest any major political change is imminentPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa

Amen. Linking a currency to another currency weakens currency sovereignty. Capital controls are unnecessary for a large, self-sufficient country like China. Follow Russia's lead in decoupling.SCMPChina should seize the moment to free up controls on the yuan to expand its international use Zhou Xin

Today is quite an anniversary. It is fifty years since Milton Friedman’s article on the responsibilities of corporate management appeared in the New York Times. Whilst it was not the only argument in favor of the shift towards a narrow focus on shareholder value, it was certainly one of the more persuasive and influential. I have long held that Friedman’s reputation was ill-deserved because of his overt ideological bias and thus lack of any pretenses to scientific thought, but I realize...

Giving the president almost none of what he wants, except for a chance to claim victory The Chinese government won't permit the sale of the algorithm anyway. The VergeTikTok’s Deal With Oracle Is a Bet That Trump Will Cave on Concerns Over China Casey Newton

This is the text of lecture given by Mandel in October 1987 in a series of lectures by different authors inspired by the work of Leo Kofler. It was first published in a book gathering the texts of these lectures; Die Versteinerten Verhaltenisse zum tanzen Bringen. Beitrage zur Marxistischen Theorie Heute (Berlin, 1991), edited by Thomas Brüsemeister, Christian illian, Uwe Jakomeit, Christoph Jünke, Sivlia Lange, Jan van Lessen, René Reinshagen and Wolfhard Schwarz. For a materialist...

Japan has a new leader of the ruling Liberal Democratic Party, who, given the majority of the LDP in the Diet will become prime minister in the coming days. He was interviewed over the weekend about the current crisis and the role that the Japanese government can play to attenuate the costs. He stated clearly that there was no limit to government debt issuance. The meaning of this statement is clear. The Japanese government should ignore claims that its public debt ratio is too high or is...