Mike Norman Economics

Video, podcast, and transcriptGeopolitical Economy ReportNY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman’s dollar defenseBen Norton interviews Michael Hudson

There is no better way to accumulate wealth than the stock market. It is a miracle wealth, creating machine, but you have to know how to be involved.

Trump has the ball in the red zone… lower interest rates and a shit-canning of monetarism seemingly on the way in 18 months…Brandon needs to pivot on rates soon or he’s going to get Jimmy Cartered…Left-wing polls show President Trump trouncing Joe Biden, while DeSantis loses Wall Street, which is bad for him since he relies on the donors because he doesn’t have the People!pic.twitter.com/nIpD3qRDVQ— Liz Harrington (@realLizUSA) May 8, 2023

Polling not on Brandon's side... I assume most people blame Brandon stimmie and Brandon Russia sanctions for "inflation!"... so they probably think he should be the one to take the hit... people supporting  GOP on budget because they are weary of prices going up …. Brandon trying to blame “inflation!” on Monetarism is not working…  people aren’t buying it…Meanwhile Brandon no mention of rate policy moderation at all… might be ready to double down…Who should compromise most to reach a debt...

Last Friday (May 5, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2023 – which revealed continuing employment growth and and modest declines in unemployment. While the US Federal Reserve is deliberately trying to undermine the labour market, even though the inflation rate is falling relatively quickly, the April data suggests that the interest rate increases are not achieving the aim. There is no surprise there....

Video and transcript. Ben Norton interviews Michael Hudson for the Geopolitical Economy ReportMichael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Hard Iron Financial FistMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Short update.Bond Economics Will The Fed Keep Reacting With A Lag To Lagging Data?Brian Romanchuk

Never underestimate the potential for stupidity or self destruction. 

May 15 and the debt ceiling.

No Luddites allowed.Is slated to replace rote workers.It is also worth noting that any concerns about the technology leading to more inequality are wrongheaded. If AI does lead to more inequality it will be due to how we have chosen to regulate AI, not AI itself.People gain from technology as a result of how we set rules on intellectual products, like granting patent and copyright monopolies and allowing non-disclosure agreements to be enforceable contracts. If we had a world without these...