Mike Norman Economics

Hey there is hope for you guys ... you CAN make a career out of it... math and science need not apply...[embedded content]

Saving, like taxation, is demand leakage. If most of a fiscal stimulus package leaks to saving, then the effect is minimal because the multiplier is too low to make a significant difference. The danger here is concluding that fiscal stimulus therefore is ineffective.  On February 7, 2020, the Reserve Bank of Australia’s Governor, Philip Lowe appeared before the Federal House of Representatives Standing Committee on Economics to discuss the – Reserve Bank of Australia Annual Report 2019 –...

One topic of research that keeps popping up is the question of what the central bank objective function should be. In simpler terms, what is the target of the central bank? (At present, most central banks have an inflation target, possibly with secondary objectives.) This is a preoccupation of many "conventional" economists -- those in the neoclassical tradition, as well as those that are somewhat out of the mainstream (e.g., Market Monetarists are pushing for a Nominal Gross Domestic...

The way to falsify this would be for the Fed to keep "injecting!" (figurative language from unqualified Art Degree people but that is all they have to work with...) and have the market indexes not go up or even go down... Since people keep saying things like “The Fed is injecting billions of dollars into this market and that’s why everything is going up” I want to argue real quickly why this is illiterate nonsense. 1/ — Joe Weisenthal (@TheStalwart) February 15, 2020 Get your Pumped up...

Ask the Experts: Does Rising CO2 Benefit Plants? Climate change’s negative effects on plants will likely outweigh any gains from elevated atmospheric carbon dioxide levels Ask the Experts: Does Rising CO2 Benefit Plants?

I quite like BadEmpanada and I think he makes some valid points, but I didn't agree with him about Ukraine and Russia. He might be right about China, but apparently they are going to bring in state healthcare this year. And I'm not sure about the Uighurs, with so much propaganda and counter-propaganda.What BadEmpanada is saying is that many anti-imperialists hate the West so much that they see all of the Western enemies as the good guys, when they are often not much better.This video is...

Here you go everybody here should like this no Math involved... nothing like Bob Ross since ... very relaxing... (oh almost forgot, remember the stream he paints is NOT REAL...)[embedded content]

Important if you are interested in the future of the planet and think that carbon is an issue.Tax Research UKOn sustainable cost accountingRichard 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

Exxonmobil scientists say CO2 is a greenhouse gas. They also made a pretty good estimate in 1882 about the amount of CO2 that could be released along with the corresponding amount of global warming that would go with it.@MichaelEMann paraphrased 'If you dont trust climate scientists, here's Exxon-Mobil's internal projections from 1982. They were spot-on with 415ppm of CO2 & resulting warming of ~+1.2C by 2020.' 

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