Mike Norman Economics

Backgrounder. Long but important for understanding the ME and the Islamic world. I would not take any one analyst's take as definitive, but this seems to be a pretty good summary of a complex area both historically, complicated by the insertion of Israel, and geographically, because of the hydrocarbons in the ground. While it is considered a relative backwater now, it is the home of civilizational states and former empires — Assyrian, Persian and Ottoman.  These were superseded...

On this substack I rely on Modern Monetary Theory (among other bodies of knowledge) to inform my analysis. Yet, I rarely explicitly write about MMT (for my own introduction to MMT and an overview of what it has to say about the current crisis, see my written remarks from a speech I gave to a Federal Credit Union). Today though, I’m going to tackle a recurring issue that comes up in discussions of MMT that I think will benefit my substack audience. One of the claims Modern Monetary Theory...

This is Episode 5 in the MMTed Q&A series. This week I had a Zoom conversation with Dr Pavlina Tcherneva and we answered three questions about the Job Guarantee. The answers will be spread out over three episodes to keep each episode relatively short.... Bill Mitchell – billy blogMMTed Q&A – Episode 5Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

"Patriotism" as pretext, "truth" as falsity, "law" as convenience, "national security" as excuse. One could substitute "China," Iran" or "Assad" for "Russia" in the post without changing it materially.Caitlin Johnstone — Rogue JournalistWhy The US Empire Works So Hard To Control The International Narrative About Russia Caitlin Johnstone

Cody Fenwick interviews Stephanie Kelton about The Deficit Myth. AlterNetAn economist explains the biggest myths about the national deficit — and how we can save the economyCody Fenwick

  Where some see protest, others see revolution in the works. The Western JournalExclusive from Gen. Flynn: If We Don't Act, 2% of the People Are About To Control the Other 98% Lt. Gen. Michael Flynn , U. S. Army (retired) served as national security advisor to President Donald Trump.

Abdulaziz added that Saudi Arabia “will be the last and biggest producer of hydrocarbon even then,” referring to 2050. But is Saudi Arabia’s the world’s leading hydrocarbon producer now? And what is its legitimate prospect for being the largest hydrocarbon producer in 2050?... OilpriceSaudi Arabia Eyes Total Dominance In Oil And Gas Julianne Geiger

“It’s the first time you’ve had back-to-back (quarters) like this since the 1930s,” said Willie Delwiche, investment strategist at Baird. “It’s pretty unprecedented.” …The quarter’s gains were ignited by promises of massive amounts of aid from the Federal Reserve and Congress.  FortuneIt’s official: This was the best quarter for stocks since 1998 Lee Clifford

Things you might have missed seeing in US and UK corporate media.(BTW, I am not saying what happened or what didn't happen regarding the allegations. I have no insider track on what the facts may be or not be. I am just saying that the allegations are unsubstantiated and officially controversial. The media is going off on this as if it were established fact when it is far from it. It is a unproven allegation by the president's enemies that is so far without corroboration and moreover it is...

Cost cutting via layoffs is temporarily boosting bottom lines of corporations. 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/