Mike Norman Economics

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...

You thought YOU had a bad week...Here US Senators telling Saudi they have to abandon it: My colleagues and I have asked Secretary Pompeo to urge Saudi Arabia to leave the antique OPEC cartel immediately and join the U.S. as a free market energy powerhouse. https://t.co/hu10JxlOkp — Sen. Lisa Murkowski (@lisamurkowski) March 26, 2020 Getting ready to roll up their member with the largest reserves in the western hemisphere pretty soon... there is going to be one less BIG place setting at...

hahahahhaahhahaha!!!!!!!Well, there’s that. “It’s our money. It’s our currency.” We can do whatever it takes. pic.twitter.com/FPPIJsxXMa— Stephanie Kelton (@StephanieKelton) March 27, 2020

To build upon the previous post ie "its our currency"...Here just take this USD balance highlighted here that the Chicomms have accrued and just ...  ZERO it the f_ck out... Then we call it "even!"... Trump has no balls if he doesn't hit this account on them for what they are putting us through...

Without stronger and more direct action, the fallout for the most vulnerable will be even worse and the gaps between rich and poor, whites and non-whites in the US will grow even larger. Rather than subsidies for corporations with no oversight why not help state governments fill their budget shortfalls? During the Great Recession, too little was done to help states and they responded by cutting the things that could make a difference: education and healthcare. Cutting back on these things...

We have just seen the beginning of post-COVID economic data, and the numbers are literally off the charts. My feeling is that aggregate numbers will be meaningless, and we will need to look at industry-level data. I just wanted to look a bit ahead, to the post-lockdown future. My main concerns revolve around the small business sector, which I fear will be taking a bigger hit than larger businesses. The issue is that small businesses are a major driver of employment -- and we are likely to...

Throughout the Democratic presidential primary, Vermont Sen. Bernie Sanders and Massachusetts Sen. Elizabeth Warren offered a slew of robust proposals to reshape the American economy. Yet the Democratic presidential primary hardly engaged with questions of whether that restructuring was wise, who would benefit, and who would lose. Instead, the debate was dominated in no small part by a single question: “How will you pay for it?”On Friday, the House of Representatives, led by Speaker Nancy...