Mike Norman Economics

A Total-Returns Profile of Economic Polarization in America Michael Hudson Based on work with Dirk Bezemer, with charts by Howard Reed Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismAsset-Price Inflation and Rent Seeking Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking...

One thing that is clear: the modern national debt does not function just like a household debt, which is how it was sold as a campaign issue by the deficit hawks who pretended to care about deficit spending before Trump was elected. More national debt is not “bad” under any and all conditions, and less is not “good” under any and all conditions. It really depends on what you’re doing with the money.... Not all economists agree on when the next recession will hit. They almost all do agree,...

Can it get any better?  Can it?  I don't see how...I am with President Trump 100%...not our fight, let Turkey and Syria figure it out. #Trump2020 Donald Trump: Let Syria and Turkey Play with Sand in the Middle East https://t.co/MJQSymP3Oo via @BreitbartNews— Katie Davis (@wytchh) October 16, 2019

In this part, I’ll resume with comments on the critical contributions to the special issue of rwer. We finished Part 2 with a discussion of the shocking lack of citations to MMT literature in the critiques—especially the dearth of citations to the more academic contributions (as opposed to the summaries of MMT written for undergrads and the general public). Let me return to the oversight of contributions made by scholars such as Fullwiler and Tymoigne—who have mostly written academic...

Calculated RiskNAHB: "Builder Confidence Hits 20-Month High "Bill McBride

FYI.Real-World Economics Review BlogSome constructive remarks on Wray’s “Alternative paths to MMT” Arturo Hermann

Cognitive-affective bias. Short post but really a long one considering the links, which are useful in gaining understanding as well as justifying claims.Stumbling and MumblingWhy we are wrongChris Dillow | Investors Chronicle

It’s Wednesday and only a collection of snippets today. Today we saw some self-aggrandising hypocrisy with a short memory come out of the sewers, and a statement by a government denying that they are a “successful case of MMT”, an advertisement (call for help) and some music linked to a recent, rather significant death, when considered in the history of contemporary music. Pretty full day really.... Bill Mitchell – billy blog Apparently core MMT idea is now supported by the mainstreamBill...

Zimbabwe "out of money!"...Zimbabwe's pensioners are seeing their savings disappear ⁠— and not for the first time https://t.co/5ej8gjG9UG— Bloomberg Economics (@economics) October 16, 2019

Not to be out done by all the recent US Fed reserve adds, the Chicomms counter by "injecting!" 200b of their own... that will show those stinking yankee capitalist imperialist dogs!!!#PBOC surprises the market with 200 billion yuan cash injection via one-year MLFhttps://t.co/f78p3EvSC9— YUAN TALKS (@YuanTalks) October 16, 2019