Mike Norman Economics

Using government spending power to bail out financiers and rentiers makes a travesty of MMT.... Naked CapitalismThe Use and Abuse of MMTMichael Hudson, research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College, with Dirk Bezemer, Professor of Economics at the University of Groningen in The Netherlands, Steve Keen, Professor and Distinguished Research Fellow at the Institute for Strategy, Resilience and...

Some guy I follow on twitter put out a video of Chinese men on motor-bikes who were snatching children allegedly for organ harvesting. There was also terrying footage of two men snatching a child from hysterical parents from their hallway. In the tweets underneath everyone was going ballistic demonising the Chinese.I tweeted asking them how did they know what was actually happening in these videos, and that such footage could be collected from any country? I said it could be divorced parents...

I'd like to see the detailed designs of the water systems on the big cruise ships and in Italy...Remember those scantron "this is the job you'd be good at" tests? Feeling ok about my answers because "scientist" would have had me digging in sewage for feces to deter a global pandemic. Thank god for you, btw. But not my path. https://t.co/3AE4AxeSiA— moira (@moira) April 10, 2020

NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters. Reuters - Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust

The latest U.S. data proves the world is in its steepest freefall ever—and the old economic and political playbooks don’t apply. As the coronavirus lockdown began, the first impulse was to search for historical analogies—1914, 1929, 1941? As the weeks have ground on, what has come ever more to the fore is the historical novelty of the shock that we are living through. As a result of the coronavirus pandemic, America’s economy is now widely expected to shrink by a quarter. That is as much...

When I first wrote here I was accused by some people of being a conspiracy theorist because I questioned the official 9/11 narrative. But since I've been active on Twitter over the last three months I seem to be mainly in fierce debate with the conspiracy theorists. Conspiracy theories distract from the real issues, like the military industrial complex, Russiagate, the neoliberal attack on ordinary people, MSM pro war propaganda, and that there is hardly any real democracy in the West, etc....

Some conspiracy-type people say the world is messed up because we’re ruled by illuminati or reptilians, but I’m way more out there than that: I say our entire society is made of imaginary thought stories with little relation to objective reality, and some clever manipulators have figured out how to exploit this. I say even what we take to be our very self is an ultimately illusory narrative construct made up of a disconnected network of thought, language and memories; look hard for a solid...

Implying that there will be a proper time for retribution????‘Not The Time For Retribution’: Pompeo Throws Cold Water On Punishing China, For Now. https://t.co/ZBnsdJSWK8— Daily Caller (@DailyCaller) April 9, 2020

We all know what the – Bandwagon effect – is. There is a lot of research literature in social psychology trying to understand why people who believe one thing one minute, suddenly ditch that belief system and appear to be proponents of a new belief system, often, in total contradiction to their previous views. The effect is related but distinct from the Groupthink phenomenon which I have written about extensively in relation to the way mainstream economics has maintained a hold on the...

Some evidence that fiscal flows are finally starting to pick up. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. Click on the link. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/