Mike Norman Economics

One of the themes I exercised when speaking in Europe recently, particularly when presenting at the French Senate Commission and the Ministry of Finance, was that by pushing European integration into an unworkable currency union and refusing to budge, the European political class was undermining the valid aspects of the ‘European Project’, which the likes of Jean Monnet and Robert Schuman saw as a way of bringing peace to the Continent after several attempts by Germany to usurp the rights...

Record one-day rise in the stock market, but this is not the bottom. 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/

Not to bad an article overall, but Dion Rabouin goes off the rails at the conclusion: The takeaway: There's no telling whether Kelton and Sanders are right, because no government has ever attempted to implement the MMT approach.  The reality is that all governments are accounted for in MMT and all governments fall under a special case of the general case set forth in the MMT conceptual institutionalist model that is grounded in law and accounting rather than mathematical models based on...

Might as well be planning to distribute free bowls of bat guts soup chased down with shooters of raw snake blood  to prevent the corona virus....Issuing an emergency statement, Kuroda said the BOJ "will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases” @Lagarde and @federalreserve , your move. https://t.co/NqSAyBI46X— Sara Eisen (@SaraEisen) March 2, 2020

One of the enduring myths that mainstream macroeconomists and the politicians that rely on their lies to depoliticise their own unpopular actions continue to propagate is that of ‘central bank independence’. This is the claim that macroeconomic policy making improved in the ‘neoliberal’ era following the emergence of Monetarism because monetary policy was firmly in the hands of technocratic bankers who were not part of the political cycle. As such, they could make decisions based on...

Swedish prime minister Olof Palme was assassinated on this day in 1986. He was an internationalist and the last social-democratic leader to really believe in a world beyond capitalism. JacobinToday’s Social Democrats Should Be More Like Olof PalmeDaniel Suhonen

Mainstream finance theory suggests that money is the life blood of the real economy, helping to provide liquidity, means of payment, store of value, market price discovery and risk management, and reinforcing credit and governance discipline. These basic functions appear as self-evident truths — logical, consistent and convincing. But the 2007 global financial crisis revealed that these four functions can only operate depending on at least five more key interrelated preconditions of...

MMT and Stephanie Kelton.CRE — Commercial Property ExecutiveShould the Rising Deficit Worry CRE Executives? Paul Fiorilla

MMT and Stephanie Kelton.Journal PioneerSanders presidency could start with US jobs program, then scale up Howard Schneider

Trump doesn't want to kill millions of them all... which we could EASILY do in a few days apparently even without the new tactical nukes.... making a deal instead...The United States signed a historic Peace Treaty with Taliban militants on Saturday, aimed at ending the 18-year war in Afghanistan that began after the Sept. 11, 2001 terrorist attacks. ? #PeaceDeal#PeacePlan https://t.co/JhXqIC1jxD pic.twitter.com/ZRxbC8XztJ— Angela DuHart (@AngelaDuhart) March 1, 2020