Mike Norman Economics

Danny Dorling, a geographer, looks at the statistics. The article is from the 24th of March, so might be a little out of date now.However, the Oxford estimates also suggest that of those actually infected, as compared to those known to be infected following testing, the actual global mortality rate may be as low as 0.2% – or less. This is what we should hope for – while preparing for worse. The Conversation  Danny Dorling - Coronavirus: how the current number of people dying in the UK...

A satirical look at the way the US has dealt with the Covid-19 pandemic from a Chinese prospective. [embedded content]

Some history.Fictional Reserve BarkingThe Keynesian-Monetarist debates and reverse causation (or how Keynesians destroyed monetarism using only logic) circuitMore historyRoger Farmer's Economic WindowJack Hirshleifer: A MemoryRoger Farmer

Tesla's an exceptional company that is just starting to turn a profit. It's run by a genius. Einhorn is a hedge fund guy with a terrible track record. I'll take that bet any day of the week. Invest and trade 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/

“Inequality is neither economic nor technological; it is ideological and political.” Thomas Piketty’s latest book, Capital and Ideology, is a 1200-page tome chock-full of facts, figures, policy proposals, and digressions that defies easy categorization, but its main argument can be best summed up by its opening line.... Ideology is the lens through which one views reality. The angle of vision or "spin," so to speak, shapes how one perceives and conceives reality as an individual in a...

Quite a bit on how economics figures into this.The Unz ReviewIs There a “6th Column” Trying to Subvert Russia? The Saker

The US is now officially the global ground zero of the Coronavirus outbreak, with approximately 50,000 new cases and 1,000 deaths recorded daily – numbers that are growing exponentially each day. It was a reality painted in stark detail by the White House on Tuesday when it revealed a graph showing that it expects there to be a minimum of 100,000 to 240,000 American deaths from the virus within the coming months. The Christian Right Becomes A Suicide Cult, by CJ Werleman

The president of the Shanghai Gold Exchange (SGE) believes that a new hard currency independent of any state is needed to develop international trade when the world enters the post-pandemic period.... According to Wang Zhenying, quoted by Reuters, the dollar, as a weapon of US pressure and a source of vulnerability for other countries, can no longer be the standard global currency. He admits that gold is also not an ideal means of exchange, as its quantity is limited and it cannot meet the...

"Photoshopping" video.LawfareThe Deepfake iPhone Apps Are HereJacob Schulz

When Kevin Rudd was faced with the threat posed by the unfolding GFC in late 2008 his government became very pragmatic and immediately ditched the narrative they had been pushing out throughout that year about inflation being a threat and the need for tighter fiscal policy and surpluses. They introduced, in two rounds, a fairly significant fiscal stimulus (around 4.2 per cent of GDP) which effectively saved the Australian economy from entering a recession. A significant part of that...