Mike Norman Economics

Ed Walker summarizes Stephanie Kelton's main points in The Deficit Myth. In my next post, I will examine some of these points in more detail. emptywheelDebunking The Deficit MythEd Walker

This is a serious mistake.The Federalist de-platformed , too. (Update: Google says not. That may have been fake news.)While I don't agree with a lot of what appears on ZH and with almost nothing that appears in the Federalist, de-platforming is not the way to go. It's corporate censorship in place of government censorship. While government censorship is prohibited by the constitution (First Amendment rights), corporate censorship is not — yet, anyway.There is the benefit here though of...

Some more things from the fiscal flows looking a little bit more positive, but I am staying defensive here on sentiment and what lies ahead. 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/

The wave of mobilisation against racism and racial discrimination poses a crucial question: that of reparations for a past history involving slavery and colonisation. This is an issue which has still not been fully confronted. No matter how complex the question may be, it cannot be eluded for ever, either in the United States or in Europe.... No amount of monetary compensation in present day individuals is sufficient for system racism and systemic sexism.  Not that some individual...

What the Obama administration should have demanded instead of a bank bailout and weak one-time stimulus (thanks largely to Larry Summers).Sputnik InternationalTrump Mulls Spending $1 Trillion on Infrastructure to Kick-Start US Economy

"Our guys"Remember, "Never again"? Internationalist 360ºAzov International and the Global “Intermarium Revival” Dave Emory

Moon of AlabamaBelarus - A U.S. Sponsored Color Revolution Is Underway

More US boot on the throat "diplomacy" designed to strangle a country through its civilian population. "Winning."Anti-Empire Crushing US Sanctions to Take Effect on Syria This Week Dave DeCamp

"Creative license." It turns out that the BBC really does believe that God is an Englishman. When the simple impossibility of the official story on the Skripals finally overwhelmed the dramatists, they resorted to Divine Intervention for an explanation – as propagandists have done for millennia.... Craig Murray BlogThe Miracle of SalisburyCraig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee

The long and short is the story that the pandemic taught us some lesson about relying on China is utter nonsense, with no foundation in reality. In this way, it is very similar to the story about how we risked a Second Great Depression in 2008-09 if we didn’t save the banks. In both cases the story was nearly universally accepted in policy circles, although no one could coherently argue the case. And, in both cases the story advanced the central policy concern of people in Washington,...