Mike Norman Economics

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...

Not only sanctions, a frontal assault on the company, but also the pandemic. Sputnik InternationalHuawei Registers 13.1 Percent Sales Rise in First Half of 2020 Despite US SanctionsAlso at SIBeijing Places ‘Heavy Orders’ as J-20B Stealth Fighter Enters Mass ProductionalsoUS Reportedly Drops Plans to Hit Hong Kong's Financial Preferences Over Beijing Security Law  alsoTit for tat: China blacklists US Senators Rubio, Cruz & other officials in response to sanctions over Xinjiang

Brooks Bros? Is nothing sacred anymore? (snark)Zero HedgeThe "Biblical" Default Wave Arrives: Here Is The Avalanche Of Bankruptcies Unleashed By CoronavirusTyler Durden

Backgrounder and commentary on The Deficit Myth.The BafflerThe Money Printers Dave Denison

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 Report on an interview with Bill Mitchell. A transcript of the interview is available here.The Spinoff (NZ)Pipe dream or quick fix? On the post-Covid allure of modern monetary theory Jeremy Rose ht Neil Wilson

This is a draft I am working on for a leading US publication. For many regular readers it will be nothing new. But while there are several things I am probing at the moment which I would normally use my blog space to tease out, time is short this week (really) and so I have to combine things. In other words, the blog space and time today is being used to fulfill commitments with very tight deadlines. But, putting the arguments together in this way might just provide some different angles...

Pageviews all time history 10,000,525 Some time last night Mike Norman Economics hit 10,000,000 page views since it inception. A milestone.Thanks to all for participating.

Emerging cases of Covid-19 reinfection suggest herd immunity is wishful thinking. It seems like you can catch Covid-19 a second time, and it may be worst than the first.  “Wait. I can catch Covid twice?” my 50-year-old patient asked in disbelief. It was the beginning of July, and he had just tested positive for SARS-CoV-2, the virus that causes Covid-19, for a second time — three months after a previous infection. Vox My patient caught Covid-19 twice. So long to herd immunity...