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Mike Norman Economics

Research Says Violent Cops Cause Violent Protests — Matt Baume

Here is a 2025 study linking the militarization of police with increasing violence. NEW DIRECTIONS IN PROTEST POLICING EDWARD R. MAGUIRE* INTRODUCTION On August 9, 2014, a white police officer in Ferguson, Missouri shot and killed an unarmed 18-year-old African-American man named Michael Brown.1While the details of the shooting are disputed, for many black residents in the area, the incident represented the culmination of a long line of abusive police practices targeted primarily toward...

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Bill Mitchell — Government goes missing in the European Union

On Tuesday (June 9, 2020), Eurostat published the March-quarter national accounts data for the EU and the Eurozone – GDP down by 3.6% and employment down by 0.2% in the euro area – which revealed that the decline in GDP “were the sharpest declines observed since time series started in 1995”. Of course, Europe went into this crisis in poor shape. Eurostat noted that “In the fourth quarter of 2019, GDP had grown by 0.1% in both the euro area and the EU.” So it was barely crawling anyway due...

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Are the Billionaires Helping During the Pandemic, Actually the Problem? | Amanpour and Company

Many Americans have a childish view of freedom, says, Anand Giridharadas, and that private companies can severely limit freedom too.Many European countries have great capitalist companies, but Europe’s social democracic tradition creates a better society for everyone, which even the corporations like. They never have to worry about providing health care, for one thing.I went for a scan last year at a small local hospital, but when I got there I had forgotten my letter. No worry, they said,...

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The Economic Theory That Could Fuel a Climate Change Revolution — Brian Kahn internviews Stephanie Kelton

Applying MMT to addressing climate change. Interestingly, no specific mention of the "Green New Deal."GizmodoThe Economic Theory That Could Fuel a Climate Change RevolutionBrian Kahn, Managing editor, Earther internviews Stephanie Kelton, Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

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“Deficit Myth” Out — Brian Romanchuk

Stephanie Kelton's the Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy (affiliate link) has been published, and is selling like hotcakes.  Also on the MMT book front, Pavlina Tcherneva has a book on the case for the Job Guarantee out (affiliate link). It has already been released in some European countries, but not available yet here in North America.... Bond Economics "Deficit Myth" OutBrian Romanchuk

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Failed State?

Is the American Empire going to go the way of all empires of the past? Will the Western liberal order collapse like the USSR? Is America engaged in a civil war? There are good reasons to suspect some or all of the above are taking place.  My view is that is not only a good thing but also a necessary one. America will be strengthened by the dialectic now occurring among different constituencies. America can come out with its moral leadership restored, which would allow it to regain its...

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The Currency Market Is A Market. Act Accordingly. — Brian Romanchuk

One recurrent line of discussion I have seen over the years are assertions or questions about currency values that follow this format: if some particular economic event happens, then the currency will rise (or fall). This seems to be the result of "all else equal" logic, but it is highly misleading. Foreign exchange markets are markets, and prices (exchange rates) should not be expected to follow simple rules. Otherwise, all foreign exchange traders would end up with above average profits,...

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Bill Mitchell — MMTed Q&A – Episode 2 – now available

I am going to use the Wednesday blog post for the time being as the place I publish our MMTed Q&A series. There will also be some music for those who like to find some different music. I have just published – MMTed Q&A Episode 2 – on the MMTed YouTube channel (see overleaf). We covered some interesting questions and I hope you find it interesting. The program this week goes for 38 minutes. I am not a very good studio producer (given the aim is to keep it down to 30 minutes).... Bill...

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