Mike Norman Economics

OneWorld is publishing the extended answer that Andrew Korybko gave to Indian journalist Pushkar Banakar from the New Indian Express in response to the latter’s question about the grand strategic consequences of Western countries banning Huawei from building their 5G infrastructure.  Anti-competitive. But not just economic.It is also a strategic move to preserve and extend US-led Western dominance economically and with respect to intelligence gathering, in particular in the case of China,...

Sputnik InternationalChinese Consumers Show Less Trust, Favour Toward US Products, Survey FindsZHChina's Military "Will Definitely Retaliate" If Trump Stages October Surprise: State-Run GT Tyler DurdenOilpriceAmerica’s Big Plan To Bring Nuclear Energy To Space Haley ZarembaRTBye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks Sputnik International Modi’s Emphasis on Mother Tongue Learning is Systematic Evasion of...

 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