Mike Norman Economics

My plan was to write a MMT primer in between the publication of Volume I and Volume II of my text on recessions. The manuscript for Recessions: Volume I is still being edited, and I hope to do its final formatting (which will take away from writing time). I am considering pivoting the MMT primer to be a discussion of how MMT fits in with the challenges of the post-pandemic world.... To my way of thinking, the post-pandemic economy and its economics will be determined by the degree to which...

[embedded content] Crikey! I'll be more vigilant tomorrow.

Looks like it might be the game-changer we've (MNE) been looking for the last few years...  will have to look at it some more... looks good on surface...Prior to this the Fed was quickly bankrupting the Depositories in a similar way they caused the GFC back in September 2008... they have been adding 100s of $B of non-risk assets for the last few months and even have accelerated the rate over the last two weeks...It may have been so bad that the banks would not have even been able to...

[embedded content] I came across this in an instruction video yesterday showing you how to put solid tyres on your bike. I thought I would never be able to find out who made it but Shazam bought it up. It's rather nice!

The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars. Business Recorder Pakistan, China and Russia decide to conduct trade in local currencies skip dollarss/

Neil Wilson is back. Below are links to his YouTube channel and TwitchTV.I generally don't link to video and audio unless a transcript is provided. There's just too much being produced to keep up with. But a lot of people have been missing Neal, including me, so here are the links.New WaylandThe New Wayland Breakfast Show

Lessons from Alibaba and JD.com. The difference between Jack Ma and Jeff Bezos.Harvard Business ReviewIn the Face of Lockdown, China’s E-Commerce Giants Deliver Chengyi Lin, affiliate professor in strategy at INSEAD in Fontainebleau, France Also at HBR Now is the time for major corporations to make good on their commitments. Coronavirus Is Putting Corporate Social Responsibility to the TestMark R. Kramer How AI, genomics, and automation are powering biotech breakthroughs....Deep Nishar,...

The Corner (EU) Fast Forward To MMT, Please Fraser InstituteModern Monetary Theory, Part 1: What is it and why is it gaining currency in these volatile times? Modern Monetary Theory, Part 2: Will MMT hold down taxes? Stephen Globerman The Roanoke ReviewSantopietro: Pandemic will change how we view economics

Financial system Instex used for first time to send medical support to Iran as it battles severe coronavirus outbreak Britain, France and Germany have for the first time used a complex financial system that bypasses US sanctions to send medical aid to Iran, raising hopes of salvaging the 2015 Iran nuclear deal.  Britain, France and Germany have for the first time used a complex financial system that bypasses US sanctions to send medical aid to Iran, raising hopes of salvaging the 2015...

How Russia is dealing with the legal issue.AwaraIs the Coronavirus Pandemic Force Majeure?