Mike Norman Economics

Previously Marxian Chris Dillow goes full-on Marxist. Time to change the material conditions of production. This is a moral argument in addition to being an economic one. Capital had its chance twice. The first time it failed was in the global financial crisis, which lead to obscene levels of "inequality" (read funneling ownership and control of real and financial resources to the top). Now, there is systemic failure that threatens civilizational collapse, with the current pandemic only...

Last Thursday (March 26, 2020), the European Council met to discuss the way in which the European Union would deal with the coronavirus crisis. Not much happened. Well that is not exactly true. A lot happened in the sense that even when faced with the worst health crisis in a century that is already devastating the populations in Italy and Spain and creating economic havoc throughout, the leadership split along familiar lines and failed to come up with any solution. There was a lot of talk...

I thought this was excellent. Dr Michael Greger is a vegan and has no ties to any companies. Here he talks about the benefits of flax seeds.Apparently, one tablespoon of flax seed a day is all that is needed, but you should grind it or buy it split as it will just pass through the body otherwise. It seems to have powerful anti-inflammatory effects, and it can lower blood pressure as well as drugs do but without side effects. [embedded content] Should we be concerned about the cyanide in flax...

The United States has spent nearly $6 trillion on wars that directly contributed to the deaths of around 500,000 peoplesince the 9/11 attacks of 2001. "In sum, high costs in war and war-related spending pose a national security concern because they are unsustainable," the report concluded. "The public would be better served by increased transparency and by the development of a comprehensive strategy to end the wars and deal with other urgent national security priorities." Newsweek Tom...

Reminiscence of the FutureNoblesse Oblige. Andrei MartyanovThe Unz ReviewTrump Asks Putin for Help in Oil War Mike WhitneyZero Hedge$81 Billion In Rent Is Due Today And No One Knows What Will HappenTyler DurdenZero HedgeHow Americans Are Responding To The Coronacrisis: A Gallup PollTyler DurdenZero Hedge (Russia isn't saying, ZH speculates)Why Did Russia Just Halt Domestic Gold Purchases?Tyler Durden Zero Hedge (uncertainty, no data or unreliable data)UBS: Does Anyone Know What Is...

Temporarily, for one year.Zero HedgeIn Groundbreaking Move, Fed Excludes Treasurys From Leverage Ratio Rule: Here's What That MeansTyler Durden

US at hair trigger weapons free status.. and the whole country is in a very bad mood...“We're at war with COVID-19, we're at war with terrorists, and we are at war with the drug cartels . . . We're the United States military and we will defend our country." —General Mark Milley, Chairman of the Joint Chiefs pic.twitter.com/hHDPBcgf6b— The White House (@WhiteHouse) April 1, 2020

Here we go.....  this would be one way to get rid of a bunch of petroleum production....Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq. If this happens, Iran will pay a very heavy price, indeed!— Donald J. Trump (@realDonaldTrump) April 1, 2020

This could be exactly what we needed. 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/

My plan was to write a MMT primer in between the publication of Volume I and Volume II of my text on recessions. The manuscript for Recessions: Volume I is still being edited, and I hope to do its final formatting (which will take away from writing time). I am considering pivoting the MMT primer to be a discussion of how MMT fits in with the challenges of the post-pandemic world.... To my way of thinking, the post-pandemic economy and its economics will be determined by the degree to which...