Mike Norman Economics

Brief mention of MMT.IPSEconomic Ghosts Block Post-Lockdown Recovery Jomo Kwame Sundaram

For various reasons, I am often in Melbourne and over the last few trips I have avoided public transport (trams) for obvious reasons. In my wanderings to various destinations in the inner city I have noticed that many shops that have been trading since I grew up in that city have now disappeared as a result of the coronavirus lockdowns and the shift away from store-based retail. They were struggling before the virus hit and have now gone. Whole retail shopping strips are in trouble (the...

Lars Syll comments on a Lance Taylor quote. I added a comment to the post.Lars P. Syll’s BlogMMT — Keynesianism with an expansionary twistLars P. Syll | Professor, Malmo University

The paperback edition of Recessions: Volume I has been published, and is available at online bookstores. Note that it has appeared first at Amazon, and will appear with a delay at other online bookstores. Bond Economics "Recessions: Volume I" Paperback Edition PublishedBrian Romanchuk

The non-government's demand for government fiat determines how much is "printed." 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/

Feels like another power grab designed to humiliate white middle and working class 'deplorables' already hunkered down and defensive. The author apparently doesn't realize it, but this post is an example of systemic racism. Systemic racism is attitudinal (cognitive-affective bias) rather than overtly behavioral or consciously held and acted upon as such. Many people that don't consciously consider themselves racists are "cultural racists." It is very difficult not to be a "racist,"...

Zimbabwe nothing like the US currency-wise. The US is sovereign in its currency while Zimbabwe is not. Government is expected to fund its debt by “printing money”, issuance of Treasury Bills or increasing the central bank overdraft facility which are the main ways it has used in the past. However, American financial and economic literacy website, Investopedia, warns against this for countries that do not control their own monetary policy such is the case locally as government controls...

I especially liked the beginning graphic and the ending video by Commander of US Pacific Air Forces Gen. CQ Brown, Jr. (only about 4 min.) Oxfam Blogs — From Poverty to PowerLinks I LikedDuncan Green, strategic adviser for Oxfam GB

Good summary of MMT that anyone should be able to understand.Richard Murphy (as I understand his position) does not think that a job guarantee is required to ensure full employment, while MMT economists claim that it is essential. This needs unpacking.It is generally agreed that full employment is of the highest priority socially, politically and economically. ("You are against full employment? Really? Why?")In the US, the Humphrey-Hawkins Full Employment Act mandates it, while the UN...

The health care industry is a major contributor to the problem systemically. Many of the most serious problems are institutional and cultural. A reading of the article shows that the culprit is "capitalism" understood as favoring capital accumulation. This results from asymmetrical power. The consequence is bias against social purpose. For example, the assumption that firms are operated to maximize "shareholder value rather than stakeholder value results in prioritizing efficiency and...