Mike Norman Economics

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

Leapfrogging.The Vineyard of the SakerChina deploys Sun Tzu to prevail in the Chip War Pepe EscobarSee alsoStrategic Culture FoundationThe United States’ Miscalculation in South Asia Sabria Chowdhury Balland

Since May, when China's central leadership started referring to a "new development pattern," there has been much speculation about whether the country is embracing an entirely new economic model. In fact, the government is merely describing changes that have already happened. Yu Yongding is considered an authority on Chinese policy that is worth listening to.Project SyndicateDecoding China’s “Dual Circulation” Strategy Yu Yongding, a former president of the China Society of World Economics...

Interesting if you remember the film, Modern Times.Public SeminarCharlie Chaplin and Karl Marx in Conversation: On Working and Being in Modern TimesSteven Stoll | Professor of history at Fordham University and author of Ramp Hollow: The Ordeal of Appalachia

This is Part 6 of my on-going examination of the concept of ‘duty to work’ and how it was associated with the related idea of a ‘right to work’. Neoliberalism has broken the nexus between the ‘right to work’ responsibilities that the state assumed in the social democratic period and the ‘duty to work’ responsibilities that are imposed on workers in return for income support. That break abandons the binding reciprocity that enriched our societies and has spawned a solid argument for a basic...

Appeals Court decision on legal status of Federal Reserve with respect to government and the private sector. Weiner Brodsky Kidder, PC 2nd Circuit Holds Loan from Federal Reserve Bank Covered by False Claims Act h/t Rohan Grey | Assistant Professor of Law, Willamette UniversityHere is Rohan's comments on Twitter. Not new but I just pick it up and thought to pass it on.Rohan Grey @rohangrey Level 1: 1. A tweet thread on a recent court case of relevance to monetary theorists: U.S. v...

The latest Trade and Development report by the United Nations Conference on Trade and Development (UNCTAD), the economic research agency to help ‘developing countries’, is a must read. Not only is it packed with data and statistics about trends and developments in global production, trade and investment, but this 2020 issue takes a very radical position on how to get the world economy out of what the IMF calls the ‘lockdown’ slump. From the Marxian perspective, the problem is falling...