Mike Norman Economics

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

For even MORE entertainment, watch how the people responsible for ANY f-ed up material systems issue have an Art Degree...For your entertainment, watch how the only people falling for the new "Trump called Coronavirus a hoax" hoax are artists of one sort or another (mostly writers).— Scott Adams (@ScottAdamsSays) February 29, 2020

Needs Mike's 'mental game':When the market is 30K: I wish I had bought ag 25KWhen the market hits 25K: Too risky to buy the marketWhen the market hits 35K: I wish I had bought at 25K— Read Cernovich dot com (@Cernovich) February 28, 2020

Hydrogen is often hailed as a silver bullet solution to emissions-free fuel since it burns clean, leaving nothing but water vapor, but the reality of using and producing green hydrogen is much more complicated. Hydrogen is already used as a power source in a lot of modern industries, including ammonia production, in refineries and as a feedstock for chemicals. The vast majority of the hydrogen in use, however, is not green hydrogen, but instead is what is known as “gray hydrogen.” While the...

Fun on one hand but it finishes with an estimate of the effect of the coronavirus epidemic on the Chinese economy, so read to the end. Political CalculationsMaths on the Back of an Envelope

The Trump administration is reportedly considering the possibility of re-implementing the Defense Production Act. Originally enacted during the Korean War, the Act essentially empowers the President to control the means of production—the idea being that it would be in the interest of the nation's defense to force private manufacturers to focus their production efforts on things that would benefit the country in a time of tenuous resources.... "Reportedly." Rumor maybe, but...

Not important, but Dee Hock is a good thinker and worth reading.Dee W. HockIS A SECOND HAND LIFE WORTH LIVING? Dee Hock | Founder and former CEO of Visa and author of Birth of the Chaordic Age (1999) with an edition named One from Many: VISA and the Rise of Chaordic Organization (2005) which includes two new chapters