Mike Norman Economics

It is Wednesday and I offer a few snippets for readers today. I have a number of projects on the go at present and time is short today. Apart from introducing a stunning guitar player (now long dead) that very few people have ever heard of but is one of my favourites (what does that say?), I ask the question: Why does anyone read the New York Times? I also announce the development and publication of our latest Employment Vulnerability Index (EVI) now in its third iteration. You can look at...

May crude went off the board in positive territory, but storage problems persist. Production has to fall dramatically, and it will. 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/

French AIDS researcher says its man-made:Man who discovered HIV says Coronavirus contains HIV DNA fragments and is lab createdhttps://t.co/7e6D40t3XB— Luke Rudkowski (@Lukewearechange) April 17, 2020

This op/ed is reposed from the Washington Post. When Michael Hudson, a professed Marxist economist, makes the WaPo you know that the times are a-changin'.Real-World Economics Review BlogA debt jubilee is the only way to avoid a depression Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking...

There was an interesting article posted on Alternet (April 12, 2020) – Leftist policy didn’t lose. Marxist electoral theory did – in response to the dismal showing by Bernie Sanders in the current Democratic Primaries. I think it summarises the confusion that is now abundant on the progressive side of the political struggle. The arguments presented highlight the dilemma facing the progressive side of politics. Should Leftists compromise with centrists to get more traction? Compromise with...

A conspiracy theory about Covid-19 escaping from the Wuhan Institute of Virology is the Trump administration’s Iraqi WMD. And the Washington Post’s Josh Rogin is playing the role of Judith Miller. Here we go again. Toward the end of his article, Rogin admitted, “We don’t know whether the novel coronavirus originated in the Wuhan lab.” Up until that point, however, he offered every possible insinuation that the virus had indeed emerged from the Wuhan Institute of Virology. His article...

Americans started buying 3M N95masks in mid-January, then non-perishables in February, followed by toilet paper, hand sanitizer, and guns.Now apparently, plant seeds are the next big thing… Zero Hedge It's Not Just Toilet Paper, Seed Shortages Spread As Locked-Down Americans Turn To Growing Their Own Food Tyler Durden

More free publicity for MMT.Project SyndicateThe Myth of “Helicopter Money”Yeva Nersisyan and  L. Randall Wray

Looks like its about ready for a trial before rollout. All the efficiency of digital "currency," but real currency ("central bank money") and less anonymity.Sputnik InternationalTrial Program for China’s Digital Currency Set to Begin in Four Cities

JNJ producing a weekly series every Tuesday:NOW: Join #JNJ and @lisaling LIVE for the first episode of “The Road to a Vaccine” featuring Dr. Paul Stoffels, Vice Chairman of the Executive Committee & CSO and Dr. Rinke Bos, Principal Scientist, Vaccines, J&J: https://t.co/aRo3bY2KxY pic.twitter.com/gZKV3scW53— Johnson & Johnson (@JNJNews) April 14, 2020