Mike Norman Economics

 Brian writes: The rest of the John Quiggin article discusses how MMT is a continuation of existing Keynesian theory (at least Old and Post-Keynesian theory). Note that this is actually what MMTers themselves have said. I think it is necessary to emphasize here that "continuation" doesn't mean just "repetition," lest anyone miss it. MMT economists have observed the principle, "Imitate and innovate." MMT is not just a rehash. While MMT economists draw on the past and develop their position...

The growth and extension of the police state has been bipartisan and has increased greatly since the passage of the Patriot Act suspending constitutional rights and civil liberties, along with police militarization, and illegal civilian surveillance.OpEdNewsState Terrorism Across America Joe Giambrone Also "Us against them." AlterNetTrump, fear and racism: How our brains can be manipulated to tribalism Arash Javanbakht AlsoThe BafflerInsurrection in the Eye of the BeholderHawa...

In its 2020 annual report on international religious freedom, the United States Commission on International Religious Freedom (USCIRF) has claimed that several nations, including Russia, China, Iran and, for the first time, India, should be included in the list of so-called "countries of particular concern". Another terrible idea that will be viewed by traditional societies as an illiberal liberal attack on them.And selective. There is apparently no mention of Saudi Arabi or any of the...

Another strategic blunder undermining soft power. This is all too reminiscent of the 1930's, especially given the administration's rhetoric and behavior. Wrong move at the wrong time.Politico'It just doesn't seem right': Pentagon officials on edge over military leaders' dealings with Trump Lara Seligman And Bryan BenderAlsoAlterNetTrump’s trolling has turned into real-world violence — what his voters wanted all alongAmanda Marcotte

The future is now — well, almost.McKinseyFlying-cab drivers wanted Uri Pelli and Robin RiedelThis is already now.New GeographyAmazon Air: 2020's Transportation Juggernaut Joseph Schwieterman | professor and director of the Chaddick Institute for Metropolitan Development at DePaul University in Chicago. Schwieterman’s new co-authored study, Insights into Amazon Air: 2020’s Transportation Juggernaut, is available here. Open interactive popup

Finally got the data I was looking for. Trade and invest using the concepts and understandings of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Never thought I'd  have a good word to say about W after the Iraq debacle, but this deserves commendation. It's still some way to redemption though.Sputnik InternationalFormer US President George W. Bush Says It’s 'Time for America to Examine Our Tragic Failures'

Hong Kong Chief Executive Carrie Lam sharply criticized the US on Tuesday for applying a “double standard” to the city’s new national security law being drafted by Beijing, as the US has seen widespread police repression and violence against Black Lives Matter protesters.... The new law comes after months long destructive protests in Hong Kong against further incorporation into China that were fueled by Western support. However, while Washington extensively criticized the Hong Kong...

Clarifying MAD.Pretty well guarantees that any conflict with Russia will go nuclear and continental US will be targeted by ICBMs.In spite of this, US policy makers are pressing on.TASSPutin sets conditions for Russia’s nuclear weapons use

Bottom Line: On a certain level this shouldn’t be that hard, at least from a macro-policy perspective. Keep pumping money into the economy to support incomes as you build out the public health infrastructure to contain the virus while gradually ramping back up the economy. We just can’t fully commit to that program. That lack of commitment leaves us with a few more downside risks than I would like. Tim Duy's Fed WatchMore Self-Inflicted Risks Than We Need Tim Duy | Professor of practice and...