Mike Norman Economics

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....

In this rare video from 1987 (there is very little surviving footage of Minsky discussing his work), Hyman Minsky summarizes his theory of the financial fragility at the heart of modern capitalist economies: Multiplier EffectMinsky Explains Financial Instability Michael Stevens

By ensuring the lower and underclasss get a higher quality of life, people can become more productive, brighter, and happier, which can increase economic output, reduce crime, drink, drug abuse, and save society money in the long run.Poverty can set to a viscous circle which can run on for generations due to epigenetics, also known as gene expression.These two mice below are genetic clones, but the vitamins and food they were given was different. Our first few years of life play a crucial...

Childhood stress or chronic childhood unhappiness can alter the gene expression resulting in chronic, severe, and treatment resistant forms of depression, as well as chronic mild depression, known as dythymia.People with this disorder cannot manufacture acetyl-l-carnitine properly, but amazingly, supplementing with Acetyl-l-carnitine not only relieves the depression (and often within days), it can also repair the faulty gene expression leading to a lasting cure.LAC - Acetyl-l-carnitine That...

Repo.Credit SuisseGlobal Money Notes #26 Countdown to QE4? Zoltan Pozsar

Black budget. Defense One As Secret Pentagon Spending Rises, Defense Firms Cash in Marcus Weisgerber Economics IntersectThe World's Biggest Arms-Producing CompaniesNiall McCarthy

Michael Roberts reviews and critiques The Debt Delusion by John Weeks.Michael Roberts Blog — blogging from a marxist economistThe debt delusionMichael Roberts

LOL what do these Bloomberg journo morons think the Fed has been doing by reducing system Reserves by $50B/mo for the last 3 years?????Ever take a f-ing Accounting course you unqualified assholes????? Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash holdings have been declining https://t.co/ug3c7LTkUz pic.twitter.com/mqOXz5vn92 — Bloomberg Markets (@markets) December 10, 2019