Mike Norman Economics

RT Beijing vows tit-for-tat sanctions & says retaliation INEVITABLE unless US changes course after Trump signs new HK legislationSouthFrontRussian Pipe-Laying Vessel Moves In To Complete Nord Stream 2 New Trade War: US Punishes France For Its Independent Policy U.S. Officially Rejects Any Maritime Claims By China In South China SeaSputnik InternationalBiden Rolls Out $2Trln Climate Change Plan Aiming For More Jobs, Net-Zero Carbon Emission by 2050 Huawei Ban: Chinese Ambassador to UK...

Backgrounder on the future.Vladimir Putin stands out as what amounts to the most creative leader and great statesman of the era. If this doesn't work, expect chaos.India PunchlinePutin has a dream to reset the world orderM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Backgrounder.Economics of ImperialismChina & US PowerTony Norfield | Marxian economist and author of The City: London and the Global Power of Finance

More systems.BTW, MMT seeks to articulate the systems that underlie political economy. It is an institutional approach embedded in a systems approach that acknowledges complexity, e.g., reflexivity, emergence, historical dynamism, and synergy.The Radford Free PressMore ComplexityPeter Radford

A socialist economist critiques The Deficit Myth and MMT.Socialist Project — The BulletThe Fiscal Deficit, Modern Monetary Theory and Progressive Economic PolicyAndrew Jackson former Chief Economist at the Canadian Labour Congress and is a Senior Policy Advisor at the Broadbent Institute

Debates about fiscal policy and government debt are arguably what created most of the publicity for Modern Monetary Theory. After the Financial Crisis of 2008, government debt-to-GDP ratios rose, which was a greater concern in the euro area as there was a limit on that ratio within the Maastricht treaty. At the same time, there was popular anger at bank bailouts across the political spectrum – bankers caused the crisis, and then were bailed out by governments. This free-floating anger...

Today’s blog post is a draft for another deadline I have this week, this time writing for a European publication on the state of affairs in the Eurozone. I have four major pieces of work to finalise this week so, as in yesterday, I am using this time to progress those goals. For many regular readers it will be nothing new. But, putting the arguments together in this way might just provide some different angles for people who haven’t thought about things in this way before. Regular...

My MMT primer is chugging along. It is organised around a theme discussing the upcoming recovery after COVID-19 is vanquished (which may or may not be too optimistic a view on the pandemic). It is currently 16,000 words, without counting a few primers on fiscal policy I wrote in January/February.My objective is to keep the text short, so that it acts a minimal length primer, aimed at readers who have some background in economics. I cannot promise any particular publishing date, but I hope...

Not only sanctions, a frontal assault on the company, but also the pandemic. Sputnik InternationalHuawei Registers 13.1 Percent Sales Rise in First Half of 2020 Despite US SanctionsAlso at SIBeijing Places ‘Heavy Orders’ as J-20B Stealth Fighter Enters Mass ProductionalsoUS Reportedly Drops Plans to Hit Hong Kong's Financial Preferences Over Beijing Security Law  alsoTit for tat: China blacklists US Senators Rubio, Cruz & other officials in response to sanctions over Xinjiang

Brooks Bros? Is nothing sacred anymore? (snark)Zero HedgeThe "Biblical" Default Wave Arrives: Here Is The Avalanche Of Bankruptcies Unleashed By CoronavirusTyler Durden