Mike Norman Economics

Academic studies have found that past economic crises led to noticeable shifts in how consumers behave. Our research indicates that the economic impact of the COVID-19 crisis could lead to similar changes. What we’ve learned is that people around the world are thinking carefully about the future; they are searching for more financial stability, safety, and security amid rising uncertainty. Yet what has struck us most is how much those goals—and what they mean to people—have changed.......

As I have been saying, it's not primarily a matter of "a few bad apples," it is rather the police culture. Larry Johnson reports the police officers' behavior that resulted in the death of George Floyd was straight out of the department manual. Thus, it appears it could have been "an unfortunate accident." The larger question is why the US has such a deadly domestic security force in the first place.  The second question is why minorities appear to bear the brunt of the violence,...

The Bank of England issued a report in March, on Central Bank Digital Currency (CBDC) which would “allow households and businesses to directly make electronic payments using money issued by the Bank of England”.... Efficiency.  Progressive Pulse  Attitude changing by issuing a Central Bank Digital CurrencyPeter May

Approved this week, extends business payroll tax deferrals to PPP recipients too.... adds much needed flexibility: You now have 24 weeks to spend your funds, up from eight weeks .  You need to spend 60% of the loan on payroll, down from 75%.  The covered period of the loan now ends Dec. 31 instead of June 30. You won’t have to make employer payroll tax payments through the end of 2020.  Your business will not lose any loan forgiveness eligibility if you can show that some employees declined...

I think he misses some significant points, especially police militarization. A lot of people view this explicit as the rise of fascism, and other likely do so implicitly, that is, they may not make the connection specifically but they feel something is badly amiss when domestic security forces begin to resemble military troops. The Sociological Eye — Writings By The Sociologist Randall Collins Seven Reasons Why Police Are Disliked Randall Collins | Dorothy Swaine Thomas Professor of...

China is using government, military, economic, diplomatic and information levers to change the well-tested and beneficial international order, and the United States must have a similar strategy to combat these efforts, according to a White House report. The Pentagon views the great power competition between the US and China as being fundamentally about global dominance.The implication is that this is a zero-sum game, the can only be won either by the liberalization of China (code for...

Given the line Americans have been fed by the media, one would expect your investigators to encounter very heavy flak, were they to determine that accusations of a Russian hack of the DNC were and remain without merit. Nonetheless, we believe that at least equal attention should be given to scrutinizing the major premise/predicate represented by the “Russian hacking” story, with as much attention as is given to the misguided, mischievous minor derivative premises upon which fragile but...

The economy is rebounding, but stocks already reflected this. Buying here is risky. What lies ahead? 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/ Listen to my podcast. https://www.buzzsprout.com/1105286/4055717

Reports on the domestic "battle space." This is not The Onion. While it is explicitly not a national intelligence estimate, the war game, which covers the future through early 2028, is “intended to reflect a plausible depiction of major trends and influences in the world regions,” according to the more than 200 pages of documents.... The InterceptPentagon War Game Includes Scenario for Military Response to Domestic Gen Z RebellionNick Turse

Summary of some MMT basics.Lars P. Syll’s BlogMMT — neither modern, nor monetaryLars P. Syll | Professor, Malmo University