Mike Norman Economics

American Herald Tribune [the back story you aren’t being told]Uyghur Genocide: The “Muslim Holocaust” in China Mona Issa Moon of AlabamaThe FBI - Pushed By John Brennan - Lied To The Court Seven Times To Spy On The Trump Campaign OilpriceThe Uncomfortable Truth Behind Iraq's Violent ProtestsGlobal Risk InsightsWhy Venezuela’s Production Rebound Is So Significant For Oil MarketsIrina Slav FAIRPapers Owned by Oligarchs Unsurprisingly Oppose a Wealth TaxJim Naureckas SouthFrontMigrating...

There's a lot written lately about China's "collapsing" auto market as through the trade war were involved. The reality is that China started from zero and grew exponentially. Now that China has developed significantly, the pace of growth is falling off, as would be expected. Before long China is expected to approach the level of developed world where growth is based on population growth and replacement. The big news is consolidation. The Chinese auto market is consolidating as smaller...

Economists can take consolation that they beat politicians anyway.Lars P. Syll’s BlogPublic trust in economistsLars P. Syll | Professor, Malmo University

BBC News has a fairly balanced article on MMT.BBC NewsCan governments ever run out of money? Howard Mustoe

Oppenheimer’s Law of Transformation can be read as the paradox of cooperative economics and it refers to macro-social dynamics: the beginning of a cooperative group endeavor will end up in a capitalist calculation enterprise or cease to exist as long as the macro-social conditions are based on capitalist monetization and accounting. Knowledge is about predictability and wisdom is about outcome: the later Kibbutzim were from the Oppenheimer viewpoint a survival mechanism which will be...

This is excellent coverage from the Greyzone. The MI5, MI6, and CIA coup against Corbyn, and if he is elected, they will carry on trying to destabilise his government.The British establishment make their money out of continuous wars and weapons sales to places like Saudi Arabia. Just before British elections, the UK’s military-intelligence apparatus is smearing Labour leader Jeremy Corbyn with evidence-free Russiagate allegations. NATO-funded "researchers" are claiming that leaked documents...

Must -read. This places economic power front and center and shows how without addressing social, political, and economic the result of captialism is neo-feudalism.Surprisingly, or may not so much, Yves Smith leaves out a major contribution of the universal employment guarantee by government, in which government guarantees to match a job with a person who is otherwise idle and wants to work. This removes the onerous aspect of capitalism that uses unemployment to discipline labor through the...

The only interesting thing is why Gundlach so badly misses the mark. Two possible explanations appear to be. He watched the wrong videos. The concepts of MMT were presently either incorrectly, or in a fashion that would be misunderstood by someone with a conventional mindset. It is part of a deliberate strategy to push MMT outside the acceptable bounds of discourse. (For example, it is a signal that nobody working for Gundlach should mention MMT in internal meetings.) Although that sounds...

In the UK and US, political parties are promising spending splurges to appease voters after a decade of squeezes. MMT is going mainstream. Whether it's more nurses, frozen tax promises, free broadband internet or more social housing in the UK; or tax cuts and green energy investments in America, public spending is set to surge. This sudden abandonment of fiscal rectitude comes amid the rise in prominence of a way of thinking about money, spending and the economy - Modern Monetary...

Gooooooooooooooooooooooooonnnnnnnnnnnnddddddddddlllllllaaaaaaccccccccccccccccccccccccccccccchhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!Bond investor Gundlach denounces MMT as 'pretzel logic on steroids'https://t.co/9sMEcw46hC by @JuliaLaRoche pic.twitter.com/Zdhdv38wzx— Yahoo Finance (@YahooFinance) December 10, 2019 All these morons have is figurative language... its ALL they EVER have....