Mike Norman Economics

According to its main authors, MMT is not “ultimately” about money. Money is just a prerequisite for addressing the more important issue of mobilizing domestic resources for the full employment of the labour force and other public endeavours.... Good introductory article.Brave New WorldNdongo Samba Sylla – What does MMT have to Offer Developing Nations? Ndongo Samba Sylla | Research and Programme Manager for the Rosa Luxemburg Foundation

Abstract The power to coin money is a fundamental constitutional power and central element of fiscal policymaking, along with spending, taxing, and borrowing. However, it remains neglected in constitutional and administrative law, despite the fact that money creation has been central to the United States’ fiscal capacities and constraints since at least1973, when it abandoned convertibility of the dollar into gold. This neglect is particularly prevalent in the context of debt...

IRS Tax refunds went out on Wednesday. $67 bln could be just what the economy needs. Trade and invest using the concepts of MMT. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

The shoe is dropping.Tax Research UKIf 50% of the world’s investments are going to ethically invested within five years there’s going to be a massive demand for accounting reformRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Last week I gave a lecture in the seminar series on Marxist political economy organised by the Department of Development Studies at the School of Oriental and African Studies (SOAS). The Marxist Political Economy series is a course mainly for post-graduates and has several lecturers on different aspects of Marxian economics. Course Handbook – Marxist Political Economy 2019-20 (8)Mine was on Marx’s law of the tendency of the rate of profit to fall. Not surprisingly, the department team has...

Treasury may be trying to counter-act the nutty Fed policy of buying up the whole savings deficit of $80B USTs per month...   by increasing the rate of UST issuance and running up the TGA...This is just like last summer under the "debt ceiling!" redux...  enjoy the bond rally while it lasts.... I think this $470B might be an all time high on the TGA...Maybe trying to increase the issuance rate to get at least SOME Tier1 UST assets to the non-govt so Fed doesn't spike the Reserve Assets at...

The Guardian’s open borders fetish is a betrayal of the working class and plays straight into the hands of the neoliberal capitalists it purports to fight. The economics is indisputable: continually increasing labour supply via immigration, and enabling employers to recruit workers from a global pool and to forgo training, necessarily reduces workers’ bargaining power and ergo wages growth. Fake left Guardian demands more low-wage migrants Leith van Onselen debates immigration on the Today...

HK "goers there."Zero HedgeHong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000Tyler Durden

"Russian interference."Sputnik InternationalRT France Hires Former French Economic Intelligence Chief as New HostAlsoSputnik InternationalHow Dare You! Bernie Chastised by Twitter Users Over His Wife's Interview With "Russian TV"

Backgrounder. More complicated than meets the eye. As always, it about money and power.Asia TimesThe Afghanistan ‘peace deal’ riddle Pepe Escobar