Mike Norman Economics

Over fifty years after his death, Henry A. Wallace, America’s Vice President from 1941-1945 and an independent candidate for president in the 1948 election, continues to evoke strong emotions. On the left, Wallace remains a figure of veneration for his progressive ideals and promotion of world peace, while among conservative and centrist Democrats, he is considered a naïve dupe of communists who underestimated the Soviet “threat.” John Nichols’ latest book, The Fight For the Soul of the...

I've been warning about decelerating tax flows. Next month fiscal supports come off and taxes due, rent and mortgage payments. No "Fed juicing up the markets, either. 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.pitbulleconomics.com/podcasts/

I loved this when it first came out. I've been looking for it on YouTube for years, and today I found it. [embedded content]

Dr. Paul Fidel, Jr., from Louisiana State University Health – School of Dentistry and Professor Mairi Noverr from Tulane University School of Medicine propose the concept that administration of an unrelated live attenuated vaccine, such as the MMR (measles, mumps, rubella) vaccine, could serve as a preventive measure against the worst sequelae of COVID-19. COVID-19 has not had a big impact on children, and the authors hypothesize that one reason children are protected against viral...

The Modi government provoked the crisis, and in no small measure, the prime minster himself. Indian nationalists have been only too willing to pile on. This portends to be a huge strategic blunder, although Modi seems to have realized the stakes involved and is now hedging his bet rather than boldly raise the ante.The Wire (India)Don't Blame Modi for 'No Intrusion' Claim, Blame Him for Dramatic Shift in China Policy Prem Shankar Jha

This post is from last April. It is an excellent summary of contemporary issues, so here is again now these issues are coming to the fore owing to the publication of Stephanie Kelton's The Deficit Myth. It shows how most of the critiques aimed at MMT miss the mark since MMT doesn't hold those positions they attribute to it.Japan TimesDebunking the myth of ‘helicopter money’Yeva Nersisyan, associate professor of economics at Franklin & Marshall College, and L. Randall Wray is a professor...

The latest book by Stony Brook’s Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, has been named to The New York Times best seller list for hardcover nonfiction. A professor of economics and public policy in the College of Arts and Sciences, Dr. Kelton is a leading authority on Modern Monetary Theory, an approach to economics that is drawing great interest worldwide. Stony Brook University NewsStephanie Kelton Cracks Best Seller List

Download PDF.AFRFACT SHEET: Banking on Surveillance: The Libra Black Paper Team

Available at booksellers in the US today. It was released in Europe previously.WileyThe Case for a Job GuaranteePavlina R. Tcherneva

In The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, Stephanie Kelton dispels six key myths that have shaped the conventional understanding of deficits as inherently bad, instead arguing that deficits can strengthen economies and lead to faster growth. This book is a triumph, writes Professor Hans G. Despain, shifting normative grounds of government spending away from the false and unproductive idea that deficits are irresponsible and ruinous towards the...