Mike Norman Economics

Ukraine must have ran out of munnie so now the Biden regime has to send some USDs so they can pay pensions and fund other initiatives… 😂Biden on aid to Ukraine - "It's going to allow pensions and social support to be paid to the Ukrainian people so they have something in their pocket."Biden is guaranteeing pensions and welfare for Ukrainians but can't guarantee aid for Ohio. America last. pic.twitter.com/2Qvdgt7Ce4— MAZE (@mazemoore) February 17, 2023

Today was a total overreaction to nothing news. But we still have March, April tax drains to worry about. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Just released.Ministry of Foreign Affairs of the People's Republic of ChinaThe Global Security Initiative Concept Paper2023-02-21 11:12See alsoEnglish TranscriptPresident of RussiaPresidential Address to Federal AssemblyFebruary 21, 2023, 13:50 MoscowRelatedThe Vineyard of the SakerVineyard of the Saker White Paper: the China-Russia Double HelixLarchmonter 445

CEO “guidance” and Wall Street forecasts are going to lose you money!

Content warning, canceling, de-platforming, denying access: The fate of Sy Hersh’s Democracy Now! interview on YouTube is the latest indication of how much rougher press suppression is in this new media era....The take-away from the article is that society in so-called liberal democracies are as controlled as in so-called authoritarian "regimes." Society in  (read capitalist) countries is as controlled by the ruling elite that either belong to the ownership class (haute bourgeosie) or are...

 ConclusionWhile a just cause wins its champion wide support, an unjust one condemns its pursuer to be an outcast. The hegemonic, domineering, and bullying practices of using strength to intimidate the weak, taking from others by force and subterfuge, and playing zero-sum games are exerting grave harm. The historical trends of peace, development, cooperation, and mutual benefit are unstoppable. The United States has been overriding truth with its power and trampling justice to serve...

It is likely that I will be participating (remotely) in an academic panel about Modern Monetary Theory (MMT), with a “pro” and “con” side at a Canadian academic conference. This article is my initial thinking, and is a way of soliciting feedback. The “story” behind the panel is whether we learned anything from the pandemic shock....Bond EconomicsMMT After The Pandemic ShockBrian Romanchuk

It’s gonna take me time to process this whole thing.

 Another post of conventional economists not being keen on applying logic to their reasoning.Lars P. Syll’s BlogThe Keynes-Tinbergen debate on econometricsLars P. Syll | Professor, Malmo UniversityPolitics seems to suffer from a similar syndrome. While economists sacrifice logic for mathematical modeling including tractability, some politicians appear to be mathematically challenged.[embedded content]

Last Monday, I wrote about the global need for us to abandon meat production for food, and, instead take up plant-based diets. Many people interpreted that argument as a personal attack on their dietary freedom, which indicates they fell into a fallacy of composition trap and declined to see the global issue. As part of my series on the Degrowth agenda, the other aspect about food which is important is that we have a propensity to produce too much food and distribute what we produce...