Mike Norman Economics

What's the national debt? It's the dollars left in the economy that are not paid in taxes. 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/

Turd world brain drain policy destroying opportunity for US students even at the land-grants...Bannon: We want all countries to be great — that doesn't happen through an imperial talent suck by the US, particularly in STEM. Competition from full-paying foreign students, workers disadvantages minority Americans.#WarRoomPandemic ?https://t.co/HuZDFNTwiv pic.twitter.com/s7jsuGAOBW— War Room: Pandemic ☣️ (@WarRoomPandemic) June 23, 2020

The Powell Manifesto aka the – Attack on American Free Enterprise System – was a memo sent on August 23, 1971 to the US Chamber of Commerce by lawyer, Lewis Powell, who had been hired by the Chamber to craft a strategy to restore the dominant position of corporate America, which had felt diminished by the gains made by workers and citizens from social democratic policies. The dominant narrative in the late 1960s was focused on the so-called ‘profit squeeze’, which related to the...

I loved Lindy Hop, Rock n' Roll never came close. Some great jazz here too. [embedded content]

What happens if you turn space-time upside-down? A parallel universe going in reverse.  This universe that’s inside the “second cone” is too far down space-time for us to see. Time might seem to run backward there from our reference frame, Learned said. But beings in that universe would still see cause coming before effect, just like we do in ours. Time runs away from the Big Bang in that universe, just like it does in ours. "Away from the Big Bang" in that universe is the...

The Destruction of War  You can only watch it on YouTube, click on the link in the box.  [embedded content] That's how it looked like just after the German surrender! Fascinating moving pictures in color show the situation of the city in summer 1945 and daily life in the ruins.

Recent shows including ‘The Romance of Tiger and Rose’ and ‘We Are All Alone’ advocating women’s empowerment are finding large audiences in China Postmodernism takes China with a storm.In the recent Chinese fantasy period drama series The Romance of Tiger and Rose, women are the stronger sex. They scold men for courting attention by showing off their legs, and male children are looked down upon and considered useless. In this ancient matriarchal society, men are not allowed to study or...

The oil wars continue. Oilprice.comWho Will Win The Ultimate War For Libya’s Oil? Jen AlicSee alsoRT Macron accuses Turkey of playing ‘dangerous game’ in Libya, calls its standoff with French ship example of NATO ‘brain death’

SummaryPrimer on Modern Monetary Theory. Useful to understand Modern Monetary Theory and economics in general. Concept leans to the Socialist and Utopian side of the ledger. Not yet convinced but interested. Sees difficulty in passing policy based on use of policy space chiefly because the electorate is deficit and debt adverse (after years of being exposed to the conventional wisdom and fear-mongering).The post is interesting, too, in that it is the first I have encountered that is...

People getting all worked up about "yield curve control." Relax. Nothing new or ground breaking.