Mike Norman Economics

I’m finding these videos by Professor Donald Hoffman interesting. Professor Hoffman believes that space and time are created by our minds. That the mind creates all physical matter, including our brains.No one can figure out how the brain creates an image: how does the physical matter in our brain generate an image that we can see? A recent article I read said that the brain was nothing like a computer.The universe seems to have consciousness built into it, and Donald Hoffman believes that...

Just yesterday alone they added $122B in non-risk assets to Depositories: CNBC's Steve Liesman said with additional Fed action just announced, today will be a record $122 billion in purchases and a record $322 billion for the week. $SPY $TLT $GLD — Streetinsider.com (@Street_Insider) March 20, 2020 Market down 5% on that action alone yesterday...  and makes it $322B added for the entire week... Which results in the largest weekly reduction in risk asset prices since they last did this in...

Pretty simple...pic.twitter.com/QhNVGXYJzN— Deficit Moron (@i_deficit_moron) March 20, 2020

I bought a new Hoover fridge freezer which has a 1 year warranty and 10 year parts warranty. To register the product for the 10 year parts warranty I had to ring up a number. A huge card which came with the manual tells me to do this and there is also a big red sticker on the fridge door. I rang the number, and a lady took my details who then told me about the Hoover labour charges at 129.99 per hour. WTF! No wonder they are happy to offer a 10-year free parts warranty. She said if I use...

Cross-party group of parliamentarians say emergency policy needed to give financial security I'm just hoping it wouldn't be inflationary.  Over 170 MPs and peers have urged the government to introduce a universal basic income to "give everyone the financial support they need to provide for themselves and their families" during the coronavirus pandemic. In a letter to chancellor Rishi Sunak the parliamentarians say that the plan to pay every adult a flat, unconditional sum of...

Years of economic isolation and bulgingg financial reserves have positioned the country to ride out the coronavirus panic and bounce right back. But Russia's underfunded health system could cause problems with the current Covid-19 outbreak. Far from being a basket case, Russia enters the crisis with bulging financial reserves, its big companies nearly free of debt and all but self-sufficient in agriculture. After Russia was hit with the sanctions, President Vladimir V. Putin’s...

i looked everywhere, but couldn't find it. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Has anyone noticed how suddenly quiet have become the hexa-billionaires who only months  ago were "pledging" to give away 90% (or was it 99%?) of their assets?

I'm not happy with Boris!A slower infection rate would have given the country a better chance to cope with Covid-19. The shelves in the shops were empty yesterday, stripped bear, but the shops are rationing now, so it should be better. [embedded content]

Universal Basic Income is a controversial and relatively untested idea but is among the options being considered by the Government My hunch is that they won't go for it, but there's plenty of money in the tax havens, and a massive crash is in no one's interest, including the wealthy.  Boris Johnson said a temporary universal basic income was one of several measures under consideration to help workers left in dire financial situations by the coronavirus crisis.  Universal basic...