Mike Norman Economics

This is a reprint from Nathan's freemium Substack. If you are at all interested the nitty gritty of these subjects, Nathan is one of the go-to guys. You can subscribe at this link. MR OnlineStanch the bleeding from local and state finances with local currenciesNathan Tankus

Experts say it means there are "fewer obstacles for the immune system to neutralise the virus with antibodies". The world's biggest pharmaceutical company, Johnson & Johnson, told Sky News last month it was confident it had formulated a COVID-19 vaccine and wanted to make available on a not-for-profit basis in 2021. The firm hopes to begin human trials in September, which could mean mass production by early next year. The HIV comparison is significant, as the research...

It is Wednesday and just a collection of snippets today. I am trying to finish a major piece of work and so that is what I am mostly doing today. And learning to program Geojson formats in R, so I can overcome the decision by Google to abandon their fusion table facility, which my research centre has relied on for some years to display map layers. And I have some press interviews to deal with. But today we consider the claim by the Financial Times editorial the other day that “Radical...

Some links you may not be aware of to pass on.Tax Research UKModern monetary theory resourcesRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

A national government with the authority to tax gets to nominate a money of account along with the ‘money things’ that will be accepted in fulfillment of the tax obligations it imposes. In doing so, the government creates a demand for a particular money – a ‘state money’. This motivates the formation of markets for goods and services whose prices are denominated specifically in the money of account. This is true whether the national government with the authority to tax is a monetary...

I'm not one for demonising China, but according to the virus expert in this video the Chinese Government suppressed the evidence about its outbreak? Trump gets just as much criticism as is seems both he and Xi cared more about the economy.The virus expert in this video says the worst is yet to come this summer, and then even more next winter, but it could have been prevented, she says. [embedded content]

According to Dr John Campbell, China scientists think C-19 is airborne. They studied video footage of three people on a bus, who had kept 4.5m away from each other but had still caught the illness. Looking at all the facts, they can't think of any other way they would have got the infection. [embedded content]

All of this brushed stainless is going to have to go... all of it...Coronavirus News: Social distancing is not happening on the NYC subway https://t.co/ULE4UmCJbA pic.twitter.com/trQevLlV2E— Eyewitness News (@ABC7NY) April 2, 2020

This could be a way to include some universal bank regulatory leverage modification in new legislation:FUNDING THE #PPP— At the direction of President Trump, Treasury Secretary @stevenmnuchin1 has asked congressional leaders to secure more money for the #PaycheckProtectionProgram#NextRevFNC @SteveHiltonx https://t.co/r9LsxnVih0— The Next Revolution (@NextRevFNC) April 8, 2020 Possibly by Thursday...we'll have to see what it all includes... 

I have a big scar on my left shoulder that has been there all my life, which came from a BCG injection. Why has Spain had almost 11,000 deaths from the coronavirus pandemic while Portugal’s death toll barely exceeds 200? Such a disparity in numbers within the Iberian peninsula is mysterious, but it could in part be explained by the two countries’ different use of a vaccine. Not a vaccine against COVID-19, the disease caused by the novel coronavirus – no such vaccine exists yet, rather it...