Mike Norman Economics

MMT is a way of looking at the financial part of the economy from a different point of view. It is often described as a Lens you can look through to see things that hither too have not been made clear. New Wayland BlogThe View Through The MMT Lens NeilW

Prior to the pandemic, the consequences of 10 years of cuts to public spending and government policies had already left people in precarious employment and on low wages – in poverty. The future is now even more uncertain for many of those people who will be joined by many others fearing equally for their prospects. ‘Can I get a job?’ ‘Will I still have a job to go to?’ And for young people ‘What sort of future will I have?’ Those fears are translating into falling consumer confidence and...

You've probably seen the photos in the media of supposed Uighurs all bound up to be transported to a prison, but how do we know they were Uighurs?The Chinese had arrested one hundred people involved in a pyramid scheme in 2017, which was well documented in their media in 2017.A controversial British radio presenter is spreading a fake video about China's Xinjiang policy as part of a disinformation campaign to incite anti-China sentiment in the West. Maajid Nawaz, a former Islamist and London...

What you are not hearing much of  about Xinjiang and the Uyghurs. Most of what one reads in the US about this is anti-Chinese propaganda. Frank Li explains.econintesect.comChina's Xinjiang: A Brief Overview Frank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based import & export company, B.E. from Zhejiang University (China) in 1982, M.E. from the University of Tokyo in 1985, and Ph.D. from Vanderbilt University in 1988, all in Electrical...

The progression of bourgeoise liberalism was inevitable owing to internal contradictions among social, political and economic liberalism. These contradictions arose largely owing to the dominance of economic liberalism as bourgeois liberalism, which is based mostly on freedom from constraint at the expense of freedom to choose and freedom for. self-develoment and expression. Just as in the old order, only a few were actually free.What will replace it?Most likely (I hope), it will be a...

Statement signed byDilma Rousseff (former President of Brazil). T. M. Thomas Isaac (Finance Minister, Kerala, India). Yanis Varoufakis (former Finance Minister, Greece). Jorge Arreaza (Foreign Minister, Venezuela). Fred M’membe (President, Socialist Party, Zambia). Juan Grabois (Frente Patria Grande, Argentina). Vijay Prashad (Tricontinental: Institute for Social Research)Consortium NewsCOVID-19: Time to Cancel Foreign Debt is OverdueVijay Prashad, Tricontinental: Institute for Social...

If you’re very interested in the topic of today’s article and want to know more, I highly recommend reading The Levy Institute’s publication “Where do Profits Come From?” I’ll be reposting a few of their great illustrations to make these accounting relations feel more real. If you are interested in this sort of analysis, consider subscribing to Nathan's substack. There is a free option and a paid premium option.Notes on the CrisisWhere do profits come from? Nathan TankusSee alsoNaked...

Note: This is an unedited draft from my upcoming Manuscript. Rather than write a review of Pavlina R. Tcherneva's The Case for a Job Guarantee, I have created my summary of that text. Bond Economics Primer: The Job GuaranteeBrian Romanchuk

This is quite interesting, but mainly for Bill Binney. These people seem to be quite fond of Trump, who they see as anti-war, but fortunately, some guy comes on and warns them that Trunp is still an imperialist and part of the swamp.Bill Binney seems to think we have a chance of putting the people who tried to bring about a coup in America in prison, including members of the CIA.La Rouche give their side of the story, and say they were part of a CIA sting when they got done for embezzlement....

Figurative language ... OUT.... THE.... ASS... methinks this JPM guy is definitely 100% Liberal Arts trained ie unqualified....... but here is the money line:  When bank leverage is rising in this way, the most effective offset is shedding assets.  Squirrel gets a nut... And btw for MNE commie peanut gallery...  checkmate!  AGAIN! .... for like the 1005th time! Josh Younger's third (and final) post tries to draw lessons from the "basis" crisis of...