Mike Norman Economics

Recent economic research establishes that the United States suffers from a growing market power problem. Market power, often referred to as monopoly power, means consumers pay more for the goods and services they need. Workers earn less. Small businesses have a harder time succeeding. Innovation slows. Market power exacerbates wealth inequality, too, because those who benefit from monopolies—the high-paid executives and stockholders of corporations—are wealthier, on average, than the...

Video.Bill Mitchell – billy blogPresentation to the New Zealand Fabian Society, August 16, 2020Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Unprecedented government spending will continue to drive stock prices higher. 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

Unprecedented government spending will continue to drive stock prices higher. 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

Academics take on MMT wrt development economics.  This is an early sign of informed and open debate based on the MMT framework by up-and-comers. Positive development.Open DemocracyIs Modern Monetary Theory useful for developing countries? Adam Aboobaker and Esra Nur Ugurlu, Ph.D. candidates in the Economics Department at the University of Massachusetts, Amherst

Deflationary expectations.Zero HedgeTreasury Sells A Record $50BN in 2Y Notes At A Record Low Yield In Blockbuster AuctionTyler Durden

UNSC pokes the US (Mike Pompeo) in the eye. He will be duly enraged and reacted predictably.This could be the beginning of the end game as the US struggles to maintain position as geopolitical hegemon in a unipolar world.RTUNSC ‘not in position to take further action’ on US push for ‘snapback’ of sanctions on Iran

Why Post Keynesianism at all?Naked Keynesianism — Hemlock for economics studentsReflections after a Post Keynesian Workshop Jessica Finnamore (Guest blogger)

One is reminded of the Japanese book and movie Rashomon. The story was written by Akutagawa Ryunosuke in 1922 and the film, directed by Akira Kurosawa, followed in 1950. The tale, set in 8th Century feudal Japan, involved a rape and a murder with each of the four principal characters providing his and her own version of what had occurred. The murdered samurai speaks through a Shinto psychic, while a bandit-witness in the forest, a traveling monk, and the samurai’s wife, who was the rape...

By registering the world's first anti-coronavirus vaccine, Russia has confirmed its scientific superpower status, says Dr. Heinz Dieterich, coordinator at the World Advanced Research Project (WARP), explaining why Sputnik V is a worthy competitor to any of Big Pharma's new COVID vaccine candidates. (In case you were wondering, "sputnik" means satellite. Sputnik I (4 October 1957) was the first satellite to be launched into orbit, beginning the space race. Sputnik International From Sputnik...