Mike Norman Economics

More than 82,000 people in the United States have died of COVID-19 as of Tuesday. How many more lives will be lost? Scientists have built dozens of computational models to answer that question. But the profusion of forecasts poses a challenge: The models use such a wide range of methodologies, formats and time frames that it's hard to get even a ballpark sense of what the future has in store. Enter Nicholas Reich, a biostatistician at University of Massachusetts Amherst. Reich and his...

Acording to this guy we are all going to get Covid-19, and 1% to 6% of us will die from it. We don't know the true figure yet. He says the government is trying to slow down the spread otherwise it will paralyse the county, overwhelm public services, and wreck the economy.I consider this to be just an opinion, but still, just the same, it's pause for thought for the conspiracists. They think that letting the virus run amok through society will be the best thing for the economy, but it would...

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...