Mike Norman Economics

Yes, the government can just issue currency — as long as it doesn't lead to demand that outstrips supply. Then inflationary pressure will build up. Generally, though, the economy is not running at capacity, and there are idle resources going to waste.Government has the fiscal capacity to put those idle resources to use. For example, with a universal job guarantee that offers work (job matching) at a living wage plus benefits to anyone willing and able to work, actual full employment (less...

New virus outbreaks and next month, the end of some fiscal support, plus taxes due. 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/

It is naive to believe that forced technological decoupling, trade sanctions, or forced changes to global supply chains will put an end to China’s future economic expansion. If critics are too short-sighted to see this, it will be their loss. Project SyndicateExplaining China’s Economic ResilienceZhang Jun | Dean of the School of Economics at Fudan University and Director of the China Center for Economic Studies, a Shanghai-based think tank

Backgrounder.econintersect.comThe Hainan Free Trade PortDan Steinbock, Difference Group

Here is Episode 4 in our weekly MMTed Q&A series. Bill Mitchell – billy blogMMTed Q&A – Episode 4Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Work is proceeding on my "MMT primer" manuscript. One chapter I am working on (in parallel with the labour market analysis) are a discussion of what I view as serious objections to MMT as a theory. Although I want to finish off that chapter later, I am adding to it as I run into interesting criticisms. I discuss a couple of recent entries in this article. Although I do not want to derail my book with lengthy discussions of MMT critiques that are coming from every random direction, I also...

What we are up against. Unfortunately, this is where a lot of the public is on the issue. It doesn't get  much worse, right down to the Fed being a private corporation and "taxpayers on the hook."The Advertiser-TribuneModern Monetary Theory Rebecca OriansTiffin

Competition is a good thing, right? Zero HedgeChina Launches Final Beidou Satellite To Challenge America's GPSTyler Durden

The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled $300 billion in net negative cash flow, wrote down another $450 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte.  The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the...

The RIC process as such is not the focal point here but the strange coincidence of the immediate backdrop of India-China border tensions. The RIC process ought have evolved over time as a dynamic vector of India’s foreign policy. But that never happened.Several reasons can be attributed to it, but principally, there are four factors: India is not a great team player and feels self-confident while pursuing its interests via bilateral channels; India is wary of giving any impression that it...