Mike Norman Economics

This should be fundamental in anyone's understanding of MMT. See Randy Wray, MMP BLOG #8: TAXES DRIVE MONEY. Taxes drive money. One of the most important powers claimed by sovereign government is the authority to levy and collect taxes (and other payments made to government including fees and fines). Tax obligations are levied in the national money of account—dollars in the US, Canada, and Australia, Yen in Japan, Yuan in China, and Pesos in Mexico. Further, the sovereign government also...

Hume Liberal Art trained (B.A. in English UVa 1965) doesnt understand functional relationships like Dr. Fauci does... and is instead pointing towards useless stochastic analysis as if it has any value...Hume doesn't understand the lack of efficacy of stochastic analysis....  Fauci in contrast is highly trained in functional relationships in immunology so any type of stochastic analysis is always going to look at least questionable if not stupid to him... I understand Fauci here...Its the...

Coronavirus death rates are almost six times lower in countries with a widespread vaccination programme involving the Bacillus Calmette-Guérin (BCG) jab, a new study has found. The BCG vaccine gives immunity to tuberculosis, but mass vaccination was dropped in the UK in 2005 when rates of the lung infection dropped. The Telegraph - BCG jabs mean you are six times less likely to get coronavirus, study finds

With conspiracy theories upon conspiracy theories you begin to doubt everything in the end. A British journalist - who does get his documentaries out on the mainstream media - did one about how the establishment confuses us with constant contradictory information, so that no one really knows what is going on anymore.I think Putin is right here, though. [embedded content]

A real conspiracy! [embedded content] The story of how a trillion dollar fighter jet that never worked helped place you in danger

British animal feed companies turned the unwanted remains of dead animals into animal feed for vegetarian animals, turning many of them into cannibals. British farmers also nearly infected the whole nation with Bovine Spongiform Encephalopathy (Mad Cow Disease).I went to a Red Cross site to give blood this week, but was told to leave without donating. Turns out I’m in a “deferral” category, having spent more than three months in Britain between 1980 and 1996. It’s related to mad cow and...

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