Mike Norman Economics

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

Well at least they WERE $32 trillion....As of the end of December 2019, #retirement assets accounted for 34 percent of all household financial assets in United States. https://t.co/GoBbh4X9wS pic.twitter.com/Be396MGhEX— ICI (@ICI) March 29, 2020

Lots of hardware in this:With the courage of our doctors and nurses, with the skill of our scientists and innovators, with the determination of the American People, and with the grace of God, WE WILL WIN THIS WAR. When we achieve this victory, we will emerge stronger and more united than ever before! pic.twitter.com/sFmxKzXdGC— Donald J. Trump (@realDonaldTrump) March 28, 2020

Might help:This is excellent news. American innovation is our best weapon against this pandemic. https://t.co/EFoVv1Ntmj— Dan Crenshaw (@DanCrenshawTX) March 28, 2020

Johnson's Russia ListRUSSIALINK: “Spend an Evening at the Bolshoi; The ‘golden collection’ of ballet and opera will be broadcast online free” – Moscow Times Moon of AlabamaIt Is A Time Of Crisis And U.S. Foreign Policy Is Becoming Unhinged AntiWarPoll: Only 3% of Venezuelans Say Guaido Is President, Only 4 % Trust Him Jason Ditz Internationalist 360ºTrump’s Narcoterrorism Indictment of Maduro Backfires TASS [expect more sanctions on Russia] Russia's Rosneft stops operations in...

In the medium term, the U.S. government has now joined other countries in putting Modern Monetary Theory into operation. The lines between fiscal and monetary policy have been blurred: the Department of the Treasury is providing $450 billion in seed capital for the Federal Reserve to use as leverage to buy loans and investments. These purchases will be designed to help the economy and the financial markets recover. Reciprocally, the Fed will undertake open-ended quantitative easing, which...

Originally at Project Syndicate. Reposted at CGTN. CGTN (China Global Television Network), formerly known as CCTV-9 and CCTV News, is an international English-language news channel. A part of the China Global Television Network group, it is owned and operated by China Central Television (CCTV), the national media organization of China, under the control of the Publicity Department of the Communist Party of China. Wikipedia CGTNThe helicopters are coming Willem H. Buiter | former chief...

Behind a paywall, but you get the picture. Stephanie now has star power and she is a great explainer. MMT just moves to the front burner.Barron'sStephanie KeltonBen Walsh

This is useful not only as a primer on recognizing and rebutting science denialism but also as a contribution to critical thinking in general.I should be obvious by now that dismissing something as "conspiracy theory" without an adequate foundation is just another means of discrediting opponents and  achieving narrative control. But there are conspiracy theories out there that need debunking based on sound reasoning grounded in evidence.Crazy UncleA history of FLICC: the 5 techniques of...