Mike Norman Economics

Governments the world over are spending like crazy to try and steer their economies through the COVID-19 crisis. Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago. So how much of what is happening is described by Modern Monetary Theory – and how much more could be done if we accepted that MMT is the way things should really work. And do central banks, or treasurers...

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Using strategies and tactics that are not aligned with the big picture. 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

Using strategies and tactics that are not aligned with the big picture. 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

As the Democratic Convention is in progress, it is fitting to look at how Democrats in Congress and the White House, with Republican collaboration, were responsible for the Magnitsky Act, the law that protects tax fraudster William Browder and his henchman Mikhail Khodorkovsky by erecting a wall against their having to face justice for their financial crimes. And ramps up hostility to Russia.... Documented.The Komisar ScoopHow Democrats and Republicans made deals to pass Magnitsky ActLucy...

The two books I tell people to read to understand not just the United States’ war in Vietnam, but also its wars in Iraq and Afghanistan, as well as the current world war the US has created and sustained that stretches from western Africa to Pakistan, are David Halberstam’s The Best and the Brightest and Neil Sheehan’s A Bright Shining Lie. Both men were New York Times reporters, with extensive experience in Vietnam, and both men reported not only critically on the war, but adversarially,...

“We are building up our forces to ensure the economic development of the region,” the Ministry of Defense statement said.... "Freedom of navigation" works both ways.Zero HedgeAmerican Fishing Vessels Spooked As Russian Nuclear Submarine Surfaces Near Alaska Tyler DurdenAlsoTASSRussia’s latest nuclear-powered subs to carry cruise missiles with range of over 4,000 km

Smoot-Hawley?Harvard Business Review BlogThe TikTok Ban Should Worry Every Company Stuart Madnick See also During the news conference, the spokesman also referred to a survey, conducted by the Chinese social media platform Weibo, which indicated that about 95 percent of respondents were ready to give up the use of their iPhones if WeChat was blacklisted by the US. Tim Cook has warned the president that banning American support of WeChat would end Apple in China , which would drop Apple...

Why, in the world’s richest country, is every metric of mental health pathology rapidly worsening? The InterceptThe Social Fabric of the U.S. is Fraying Severely if not Unravelling Glenn Greenwald

There are lots of people who would lose their well paid jobs if peace were ever to break out. Posh houses, fancy cars, the best restaurants, status: these people would sooner risk WW3 than lose any of those things. The above was a tweet of mine that Oliver Stone liked. Confrontation with Russia has become the sole reason for NATO’s existence, and this encourages instability in Europe, creating artificial dividing lines on the continent. That's according to Russian foreign minister Sergey...