Mike Norman Economics

More on alternative payments system and BRICs currency.Naked CapitalismAlt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western SanctionsAndrew Korybko, American geopolitical analyst and independent journalist based in Moscow, and member of the expert council for the Institute of Strategic Studies and Predictions at the People’s Friendship University of RussiaKo

We really get to see how absurd humanity can be when put in a neoliberal ideological straitjacket when we see serious discussion by serious and educated people about the government paying itself back for losses it makes by loaning itself currency that it issues as a monopolist. They conduct these conversations through the lens of complicated accounting structures that try to obscure what is actually going on and then invite political commentary from others that have no real idea of what is...

Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismGlobal Economic History in 2.5 HoursMichael Hudson. President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Same flawed orthodoxy. Nothing learned.

Numbers.Dances with BearsCASH IS KING OF THE THIEVES IN THE UKRAINE, ACCORDING TO THE IMF, CHIEF ACCOUNTANT TO THE THIEVES’ DENJohn Helmer

One who is confident and certain of where he/she is heading.

Even though we have had a book called The Deficit Myth for years, the myth persists.New WaylandMMT Verify: How We Can Staff the NHS Without Tax RisesNeilW

Another example of hype versus reality.  An alternative payments system based on an alternative currency is just "an aspiration" at this point. The devil, as usual with anything complicated, is in the details. In addition, it won't be a simple matter to get agreement among all the parties. This doesn't mean it will not happen eventually, only that it won't happen in the time frame many are representing and hoping. For now, bilateral trade in the currency of the counterparties is the viable...

PPI too volatile to be a useful indicator of inflation or predictor of CPI.Bond Economics Random PPI ObservationsBrian Romanchuk

Plane got diverted to Albuquerque because we had a sick passenger on board.