Mike Norman Economics

 We need to get a few things straight. And this is partly for those out there who seem to think that the extent of literature on Modern Monetary Theory (MMT) or the Job Guarantee within MMT is confined to collections of Tweets that allow 280 characters or Unicode glyphs. One doesn’t become an expert on ‘full employment’ or ‘political economy’ because they have suddenly realised there is a major crisis in the labour market and have decided to strategically place their organisations for...

Keynes, Robinson, and Samuelson.The Case for Concerted ActionThe Cambridge Keynesians And “Bastard Keynesians”V. Ramanan

Good short summary of how the MMT JG is designed to work as a stabilizer. New Wayland BlogHow the JG Controls InflationNeilW

In Sweden the income inequality is low, but wealth inequality is almost as high as the US. Why, because in Sweden they have an excellent welfare state and more people are prepared to take risks when starting a business? If it all goes wrong, you won't end up being thrown out into the street without any healthcare or income coming in. So, lots of entrepreneurs in Sweden. Sweden seems to have perfect balance between capitalism and socialism.Learn the differences between American Capitalism and...

China should prepare for potential U.S. sanctions by increasing use of its own financial messaging network for cross-border transactions in the mainland, Hong Kong and Macau, according to a report from the investment banking unit of Bank of China... ReutersChinese banks urged to switch away from SWIFT as U.S. sanctions loom

The Fed can't help the market. People might believe it can and so they react, but those reactions are often wrong and should be faded. Gold continues its record run and dollar dives. 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

 Must-read backgrounder on China and Hong Kong in relation to the West and how the game has changed in China's favor.MR OnlineHas anything changed since 1840? Trade, imperialism, Hong Kong and the Pearl River Delta megacity Aidan O'Brien

Short answer: Nothing very useful.Brian explains how the gold market works.Bond Economics Is The Price Of Gold Telling Us Something?Brian Romanchuk

 Huawei is not so easy for Western countries to rip out. The Chinese telecommunications-equipment giant founded by Ren Zhengfei owns a huge trove of next-generation wireless patents. As a global standard for 5G emerges, Huawei technology may become essential to carriers. IP theft.  Already this year, the Chinese company has sued Verizon in the United States for patent infringement, and is seeking more than $1 billion, Reuters reports. There’s a risk that Huawei’s technological advantage...

My new podcast episode is out. Fiscal supports end. Dollar down. Gold up. Mental game.