Mike Norman Economics

Influential pundits have argued that under the current situation there is no need for the government to worry about fiscal sustainability. They have found support in the proponents of so-called modern monetary theory, who have cited Japan as real-world proof of their heterodox doctrine. Even some mainstream economists, including Olivier Blanchard, have advocated for fiscal activism in Japan and argued against the consumption tax hike. An important basis of their argument is the absence of...

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Dr Micheal Baden hasn't finished his research yet, there's more to come, he says.  The body of disgraced money man and sex offender Jeffrey Epstein, who was found dead in his Manhattan federal prison cell in August, bore telltale signs of homicide despite an official ruling that he killed himself, a pioneering forensic pathologist revealed to “Fox & Friends” in an exclusive interview Wednesday. Fox News Melissa Leon - Jeffrey Epstein's autopsy more consistent with homicidal...

Unfortunately, there is widespread confusion over MMT as MMT economists have developed it and the way that others describe it. This article makes an attempt but fails to disentangle the knot of conflation, but at least it is an attempt at balance rather than the usual rant.DW (Deutsche Welle)Modern Monetary Theory: Endless debt with no consequences?

Real Progressives announced today the creation of a new nonprofit corporation to help match activists and progressive causes with policymakers, media outlets and academic experts to help create an actionable policy from a sound financial framework.Real Progressives launches this unprecedented effort with a mission to facilitate dialog and workgroups to assist academics within the Modern Monetary Theory discipline to fundamentally address the ubiquitous question of how progressive policy can...

Only a short blog post today as it is Wednesday. My father, in fact, used to say that ‘leopards do not change their spots’, when referring to people who in one period behaved one way and then when sprung would pretend they were reformed. I was thinking about that when I noted that the queue to the magical reinvention door is getting longer by the day. This is the process, whereby a person, who previously advocated neoliberal macroeconomic policy interventions from the sidelines (as an...

We come as liberators Natural Resource Liberation Inc

Conservative ministers were proud of slashing fire regulations, just months ahead of the Grenfell Tower block blaze. Regulations are bad! Dereg, dereg, and dereg, then businesses thrive and all boats rise, then everyone is happier.2017 In February this year, ministers posted on a government website details of their ‘anti-red tape’ agenda on new-build properties. In a separate report fire safety inspections, the Conservatives said, had been reduced for some companies from six hours to...

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The 2008 financial crisis, together with failed efforts to combat climate change and sharply rising inequality, has frayed the neoliberal consensus that has prevailed in the United States and much of the West for more than two generations. Three issues must be considered in weighing what comes next.... Project SyndicateHow to Rethink CapitalismSimon Johnson