Mike Norman Economics

So now they find out. Journal of PsychopharmacologyA low dose of lysergic acid diethylamide decreases pain perception in healthy volunteers ht Naked Capitalism

But there has been an issue: Steve did not 'get' MMT and its argument that spending creates the money to pay tax and fund what is called government borrowing, but which is actually the redepositing of the excess of government spending over taxes raised back with the government for safekeeping. And that obstacle meant that we could never quite agree. And then he read The Deficit Myth by Stephanie Kelton, which is also essential reading. And he did some double-entry book-keeping to build a...

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...