Mike Norman Economics

It's not that hard.

The roofs of hundreds of bus stops have been covered in plants as a gift to honeybee, by a city in the Netherlands.  Mainly made up of sedum plants, a total of 316 have been covered in greenery in Utrecht. The shelters not only support the city’s biodiversity, such as honey bees and bumblebees, but they also help capture fine dust and store rainwater. The roofs are looked after by workers who drive around in electric vehicles, and the bus stops have all been fitted with energy-efficient...

More "pumping!"China first one in a while: #PBOC injects 180 bn yuan via open market operation (7-day reverse repo) — YUAN TALKS (@YuanTalks) November 18, 2019 US Fed $55B additional coming up next few weeks; in advance of Dec 15 quarterly tax payment day: Statement Regarding Repurchase Operations → https://t.co/XpSASnyeJF — New York Fed (@NewYorkFed) November 14, 2019

Luxembourg is set to become the world's first country to make all of its public transportation free. The newly re-elected prime minister Xavier Bettel and the coalition government have announced that they will lift all fares on trains, trams and buses next summer. Taking aim at long commutes and the country’s carbon footprint, the new move hopes to alleviate some of the worst traffic congestion in the world. Arch Daily Eric Baldwin - Luxembourg Becomes First Country to Make All Public...

Unspeakable crimes committed by the US Deep State! [embedded content]

Greg Palast sums up the coup nicely. [embedded content]

Moon of AlabamaOPCW Whistleblowers: Management Manipulated Reports - Douma 'Chemical Weapon Attack' Was StagedCaitlin Johnstone — Rogue JournalistThe Hugely Important OPCW Scandal Keeps Unfolding. Here’s Why No One’s Talking About It.Caitlin Johnstone Defend Democracy PressBolivia: 9 Corpses in 24 hours Prove Dictatorship’s Violence Sic Semper Tyrannis Where are the indictments from Durham and Horowitz? Where? Col. W. Patrick Lang, US Army (ret.) SouthFrontRiots Rage Across Iran Over...

If we look at standard macro Dynamic Stochastic General Equilibrium models, inventories do not appear. The modelling focus is on expectation formation – particularly in the household sector – and business sector behavior is stylised. Since the assumption is that products are bought and sold both spot and forward in an optimal fashion, production decisions are just set to give exactly the output needed in the spot market.... This assumes a "just-in-time" supply chain, which is an ideal that...

L. Randall Wray will be providing testimony for Congress on November 20 at 10 am. The topic is the government debt and deficits. His full statement will be available at 10:30AM at the Levy Institute. New Economic PerspectivesWray Appearing Before Congress

From Twitter via AppThreadReader https://threadreaderapp.com/thread/1133586537512341504.html Note: material in brackets is added to the original by Tom Hickey for clarification. Scott Fullwiler @stf18 1. Quick(?) MMT 101 lesson:From the very beginning in the 1990s, MMT has NEVER argued that 'printing money' was necessary. Anyone saying MMT = "print money," even if they (correctly) incorporate an inflation constraint, is getting MMT dead wrong.2. The argument from the earliest...