Mike Norman Economics

There's a whole load of people on twitter, including some economists, who think we are going over the top about Covid-19. They even post articles by some top virologists who say it's no worst than common flu.They are concerned about the effect the Lockdown will have on the economy, but I think Steve Keen is right: total isolation and the National Guard or the Post Office delivering food to people's houses, and with testing kits, it should all be over in 8 weeks causing minimum harm to the...

Roger Pielke has been the darling of the deniers as he thinks climate change won't be that bad. The deniers often post his articles, but when I tweet this one they moan saying what has this to do with climate change?'Air pollution policies have in the past largely focused on making fossil fuel burning cleaner, but it may be time to include a focus on more rapidly phasing-out of fossil fuels. Every Day 10,000 People Die Due To Air Pollution From Fossil Fuels, Roger Pielke The scientists at...

These numbers are hyperbolic. Corporations borrowing to stay afloat. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Nearly 8.8 million people die prematurely each year due to air pollution. I was out cycling last week and it was sunny and I noticed how fresh the air was. I put it down to Spring but when I got home they said on the news the air was fresh because of the Lockdown.I worked on diesel vehicles for years and one day a colleague said he had seen a secret government report saying that diesal fumes were one of the most cancerous substances around. It turned out to be true. The researchers argue...

A delivery of 200,000 masks left a 3M factory in China this week and arrived in Bangkok, Thailand, from where they were supposed to be sent to the German capital. The masks never got to Berlin, and police in the city told Der Tagesspiegel that the shipment was instead bound for the US. Berlin's Senator for the Interior Andreas Geisel confirmed on Friday that the masks had been “confiscated.” “We consider this an act of modern piracy. This is not how you deal with transatlantic partners,”...

In light of all the deniers on twitter who are having a field day making light of COVID-19, I thought this was spot on. Seeing reports from the BBC that everyone dies eventually. Huge if true.

I discuss MMT (Modern Monetary Theory) with Steven Hail from the University of Adelaide, who makes the case for a different way to think about public debt, and the potential benefits of running a (controlled) deficit.  [embedded content] A point by point critique of MMT which I found interesting. [embedded content]

Reminiscence of the Future Trump's World.Andrei Martyanov Foreign AffairsMark Blyth: The U.S. Economy Is Uniquely Vulnerable to the Coronavirus Intel TodayCIA Order of Succession 2019 — When Haspel Ripped a Page from Hoover BookLudwig De Braeckeleer Moon of AlabamaThe Science Says #MaskUp - A Look At Two New Virus Studies People's DispatchOne year after launch, EU countries and Iran close first deal under INSTEX payment mechanism The Grayzone Ex UN anti-narcotics chief & mob expert...

Righteous rant from Mike here:[embedded content] Here are the hockey stick graphs Mike produced from his data: I'll add the one from September 2008 that shows the SAME THING when they caused the GFC back then: Checkmate... AGAIN.... for like the 1005th time.... except for morons.... just take the L....

ValdaiComing Political and Social Troubles from Coronavirus Clifford Kupchan Reminiscence of the FutureOO From OODA In Relation To GIGO.Andrei MartyanovFAIR (information war) You Don’t Need to Believe China About China’s Coronavirus SuccessJim Naureckas Fort Russ NewsUN Warns of Global Food Shortage Caused by Coronavirus Measures Drago Bosnic Russia ObserverRUSSIAN FEDERATION SITREP 2 APRIL 2020Patrick Armstrong Caitlin Johnstone — Rogue JournalistSomeone’s Screwing You, And It Ain’t...