Mike Norman Economics

MMT in the headlines again. The last mile is pretty much closed.The GuardianCoronavirus has destroyed the myth of the deficit L. Randall Wray, Professor of Economics, Bard College, and Yeva Nersisyan, Associate Professor of economics at Franklin and Marshall College

This one is getting passed around on the socials today...  somewhat good news...Our Santa Clara seroprevalence study: infection is 50-85 times more common than documented caseshttps://t.co/utCudWjUA7— METRICStanford (@METRICStanford) April 17, 2020

YOu will hear this from the news media in about a week or so. The deficit is now $1.1T. That's a good thing, but it needs to go higher and it will. Trade and invest 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/

Its increasingly looking like these numbers are going to ZERO before this is all over.... The China USD zombies are going to....  FREAK....OUT!!! SCARY!!!!!

Researchers of Italian IRBM, Oxford University to start human testing on 550 volunteers late April Italy-UK team hopes to have COVID-19 vaccine in Sept

Could have Covid-19 originated outside of China?Variant A is the “original human virus genome” and is closest to the “root of the outbreak”, researchers believe. It was found in Wuhan and is most similar to the type of virus found in bats. COVID-19 is believed to have originated in horseshoe bats and transferred to humans via an intermediary animal such as a pangolin. The epicentre is thought to be a Wuhan seafood market. Surprisingly however, researchers found the A variant was not Wuhan’s...

The US is the Indispensable Nation. [embedded content]

David Ruccio compares MMT with Marxian economics.Occasional Links & Commentary Modern monetary theory—pandemic editionDavid F. Ruccio | Professor of Economics, University of Notre Dame

Treasury has been accruing Reserves in the General Account to record high levels... here on Tuesday the account closed at $958B: A few thoughts on this new policy:Looks like what SOT Mnuchin has worked out is that he is allowing the Fed to acquire assets with new Reserves BUT he is "draining" them from the Depositories by increasing the TGA $4$ with what the Fed is doing and protecting the Depository System's Leverage Ratio from a catastrophic collapse... Its actually kind of a nice work...

Fiscal is surging. If they get the economy open it's bullish like crazy. This is MMT in action! Trade and invest 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/