Mike Norman Economics

Looks pretty popular and has nothing to do with MMT... Monetarist..link here.......

Pavlina Tcherneva, a Bard professor and one of the economists pioneering research into Modern Monetary Theory, said federally guaranteed jobs may address poverty and help communities better than universal basic incomes. The coronavirus pandemic wiped out millions of jobs, and one report estimated that 17.6 million unemployed Americans may not return to their pre-pandemic jobs. Tcherneva said guaranteeing a public service job could lead to improvements on community-wide issues like public...

Foreign meddling.India PunchlineUS lobbyists set the Indian narrative on China border M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

"Capitalist competition." Zero Hedge Wal-Mart Plans To Launch Its "Amazon Prime Killer" Later This Month Tyler Durden

Hong Kong no longer plays the same financial role for China as it once did. Most of the rest of the world hasn't realized this yet. Hong Kong will continue as a financial hub of Asia, but it won't be the top dog anymore, and it is not now. Shanghai aims to be the major competitor of New York and London in a world in which the renminbi (RMB) plays a major role. The renminbi is the Chinese currency, and the yuan (CNY) is the unit of account. "Renminbi" means "the people's currency" in...

Public policy for public purpose, taking into consideration changed conditions.MARIANA MAZZUCATO — Economics - Innovation - Inclusive GrowthNo More Free-Lunch BailoutsThe coronavirus recovery is an opportunity to do everything differently, not go back to normal Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex

Another economist offers a weak criticism of MMT.The lack of affordability argument based on government as a big firm or household has been tossed in the trashing. The rebuttal is so obvious not one wants to touch it anymore.The pivot is to eventual inflation looming — some day. Like MMT economists have ignored that.The Conversation Modern monetary theory: the rise of economists who say huge government debt is not a problem John Whittaker | Senior Teaching Fellow in Economics, Lancaster...

I ran into a pair of MMT critiques recently. Since I am writing a chapter on MMT criticism, I want to see whether I can use them as material. Unfortunately, I am not sure whether either qualifies as being of enough interest to qualify for inclusion into my book. This is slightly surprising, since one of the articles was the John H. Cochrane review of The Deficit Myth that free marketeers were gushing about. I am noting these articles and making a quick response as a placeholder....  Bond...

Must-read. Last Saturday, the Weekend Australian, Rupert Murdoch’s daily national newspaper, had a relative Modern Monetary Theory (MMT) avalanche, with two core MMT-style articles published and two that were supportive rather than hostile. That tells you something about the way the world is shifting. I have received a bit of flack for publishing an Op-Ed piece in that newspaper from those who style themselves as Leftists. It is the same old argument – dealing with the devil. And the same...

[embedded content] US Security Law is more strict than Hong Kong's.