Mike Norman Economics

In the medium term, the U.S. government has now joined other countries in putting Modern Monetary Theory into operation. The lines between fiscal and monetary policy have been blurred: the Department of the Treasury is providing $450 billion in seed capital for the Federal Reserve to use as leverage to buy loans and investments. These purchases will be designed to help the economy and the financial markets recover. Reciprocally, the Fed will undertake open-ended quantitative easing, which...

Originally at Project Syndicate. Reposted at CGTN. CGTN (China Global Television Network), formerly known as CCTV-9 and CCTV News, is an international English-language news channel. A part of the China Global Television Network group, it is owned and operated by China Central Television (CCTV), the national media organization of China, under the control of the Publicity Department of the Communist Party of China. Wikipedia CGTNThe helicopters are coming Willem H. Buiter | former chief...

Behind a paywall, but you get the picture. Stephanie now has star power and she is a great explainer. MMT just moves to the front burner.Barron'sStephanie KeltonBen Walsh

This is useful not only as a primer on recognizing and rebutting science denialism but also as a contribution to critical thinking in general.I should be obvious by now that dismissing something as "conspiracy theory" without an adequate foundation is just another means of discrediting opponents and  achieving narrative control. But there are conspiracy theories out there that need debunking based on sound reasoning grounded in evidence.Crazy UncleA history of FLICC: the 5 techniques of...

Wow now going full Darwin and open season on New York people ...Mike's not leaving and is riding it out at ground zero in NYC... he's chronicling some of it on his Insty here: https://www.instagram.com/stories/mikeydoggy/So this is where we are in America:Starting tomorrow, the Rhode Island law enforcement and the National Guard will knock on doors and stop cars to find New Yorkers.Pray tell, will they give us stars to wear if they find us?https://t.co/Bs8IyLc9Jp— Amy Siskind ?️‍?...

This "virus!" thing just accelerating the already projected retail closings ... CMBS have to be in BIIIIIIIGGG trouble... I don't see how Treasury's $400B of Fed guarantees is going to cover it... unless Fed plans on spending 25 cents on the dollar to begin with... How U.S. retailers are closing stores in the U.S. over coronavirus concerns https://t.co/tGznu3jwRt— Bloomberg Economics (@economics) March 28, 2020

Ok we know Bernie is stupid.. ok...  but here's the thing...How stupid are you when you have Trump saying below "Its our money... its our currency" doesn't think its Bill Gates' money obviously... BUT THEN, you support Bernie anyway!THAT is EVEN MORE stupid than being Bernie in the first place...Taxing Bill Gates $100 Billion, Counters Bernie Sanders, Could End Homelessness and Microsoft Founder 'Would Still Be a Multibillionaire'https://t.co/jhGy1LIk69— jordan (@JordanUhl) November 7, 2019...

This from the video examining 'Reality' below:[embedded content] What turns percepts and concepts into knowledge ... is judgement... answering the question "is it true?"... The Liberal Art/Platonist methodology continuously trains our people to NOT apply judgement...they are instead trained to synthesize....  this is the main problem humanity faces today... and why we continuously see the same people making the same mistakes over and over and over and over....These people are trained to...

This week President Trump proposed sending Americans $1,000 checks. Such a direct stimulus is also known as ‘helicopter money.’ Not all Republicans were enthusiastic about this idea. For example, Senate Appropriations Committee Chairman Richard Shelby said “I don’t know the logic of that.” In this note we take a closer look at the economic logic behind helicopter money. Based on our analysis, we expect this to be effective in slowing down a sharp decline in consumer spending, although it...

Mint Press News With a Quarter of the World’s Population Under US Sanctions, Countries Appeal to UN to Intervene Alan Macleod People's DispatchFormer Venezuelan soldier reveals plan to assassinate Nicolás Maduro Brasil de Fato SputnikEx-Venezuelan General Indicted in Narco-Terrorism Case Surrenders to DEA Agents - Reports The GrayzoneTrump admin’s $15 million bounty on Maduro triggers explosive confession of violent Guaidó plot  Leonardo Flores SputnikRussia to Continue Supporting...