Mike Norman Economics

Mitchell Feierstein has always come across as a bit of a libertarian to me, but here he says that in real capitalism some worker's rights and protection, and a social safety net are necessary. I still think I prefer the Scandinavian model, none the less.All those free market entrepreneurs who shouted that private was best - neoliberalism - and now running to the government begging for bail-outs. Now they want benefits and welfare to help them out during the hard times, and yet they always...

What a bunch of duplicitous and dishonest pieces of garbage these people are...How many months have we been told that they had to increase the Reserve Assets at the Depositories with all the "repo!" BS ever since September...  covering up their incompetence where they had a requirement of 10% of Deposits and Deposits were $13T so they reduced THEIR OWN RESERVE balances below $1.3T and created a Reserve deficiency...So they go for months trying to create this big smokescreen about...

I thought myself the other day that it is now time to get all the money owed us out of the tax havens. There might be enough to save the economy, and ultimately, the businesses of the elite too, as the ordinary guy is too maxed out to find the money.In contrast, Putin has settled on a more rational and compassionate plan. He’s going to launch a relief program that actually focuses on the people who need it the most. Then, he’s going to cover the costs by taxing the people who are most...

A consumer psychologist breaks down COVID-19 panic buying: https://t.co/Go8aA9GvTb pic.twitter.com/SvKkjaAwcb— Yahoo Finance (@YahooFinance) March 30, 2020

Willem Buiter, the Columbia University academic who was a founding member of the Bank of England’s monetary policy committee before becoming chief economist at Citigroup, says the US and UK now have money on tap in almost limitless amounts. The funds can sit on a central bank’s balance sheet for as long as it takes. Critics of MMT argue it can prove to be too much and overheat an economy. At that point taxes would need to be increased – something that until now few believed western...

THE COVID-19 PANDEMIC is obviously the biggest global emergency of its kind for more than a century. The social and economic impacts are without precedent and some will be long-lasting. Its lessons will be profound. Some of them will take years to unravel. Others are clear to many, and should be clear to all, even now. One of these lessons is that in countries like ours, the limitations on the ability of the government to engage in very large amounts of spending to support people,...

There is a pointless internet debate about the trade-off between "the economy" and "health." This is being fueled by a handful of articles from highly privileged people telling poor people to go back to work because it was impacting their stock or real estate portfolios. The reality is that there is no such thing as an "economy" at this point, just "society." Although a shutdown is tenable to flush out infections, the essentials must flow. From a North American standpoint, I believe that...

Not good for disease control.... With the restaurants closed the vermin are going to be coming in looking for food...no longer just an easy restaurant dumpster dive...[NOLA rat slowly gets up from his seat]https://t.co/nKFbeodKYD— MisterJayEm (@MisterJayEm) March 29, 2020 Here's a good resource for rodent control this guy evaluates traps... numerous trap configurations with pretty thorough evaluation for both mice and rats nice channel coming in handy these days: [embedded content]

Team Trump pumping the "V Shaped Recovery" thesis...“With the Tax Cuts and new Trade Deals, we were set for a tremendous growth rate this year.... and then the Virus came along.” @larry_kudlow @MariaBartiromo We were breaking all records, especially on employment. It will all come roaring back again, and fast!— Donald J. Trump (@realDonaldTrump) March 29, 2020

The Empire and its poodles insulting the intelligence (and self-determination) of Venezuelans by insisting he is The latest poll out of Venezuela, from early March, shows that US-backed Juan Guaido is not considered the nation’s present by hardly anybody in the country. With a 3% margin of error, only 3% identified Guaido as president. Antiwar.comPoll: Only 3% of Venezuelans Say Guaido Is President, Only 4 % Trust Him