Mike Norman Economics

 While this post is specific to Australia, the reasons for the recent spike in "inflation" are not unique to Australia. The inflation that is now turning out to be transitory was not the result of a wage-price spiral as central bank models assume. Rather, it was a consequence of supply shocks owing to the pandemic followed by sanctions in response to the conflict in Ukraine. Now that supply chains are beginning to function again or have been replaced or substituted, the inflation metrics are...

Lots of great, appreciative and instructive comments. Thank you! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

WSJ survey results.Just the social facts, ma'amWhat's wrong? David Weakliem | professor of sociology (retired) at the University of Connecticut

In the November/December 2021 issue of Intereconomics, Françoise Drumetz and Christian Pfister examine Modern Monetary Theory (MMT) and approach it from the policy consequences that would follow. This paper is a reply to Drumetz and Pfister. It restates the core of MMT and offers some suggestions for central banks. Theories are explanations of what we see, and MMT describes money creation and destruction. Hence, MMT cannot be and is not a political manifesto. In contrast to most other...

“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,” [ECB President Christine] Lagarde said in response to a question by an Italian member of the European Parliament.“So, by the definition, it will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek and maintain price stability.…"ReutersECB can't go bankrupt...

 Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book. There are 10 lectures that accompany the book (below). Professor Tiejun and I also participated in a joint discussion you may enjoy. Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismIntroducing...

Some surprises.ShepherdThe best books to help you understand how money really worksL. Randall Wray | Professor of Economics, Bard College

I was "debating" economist Joe Lavorgna regarding MMT. Lots of things we didn't have time to get into, but that's TV.Click the link to watch the clip.https://video.foxbusiness.com/v/6323472385112#sp=show-clips

A higher quality clip can be found here. https://video.foxbusiness.com/v/6323472385112#sp=show-clips Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes