Mike Norman Economics

LOL sharp stick in the eye to the gold people! Would you rather have a free one-ounce gold coin, or $20 bucks? 🤦🏻‍♂️ pic.twitter.com/efvWzv54fz— Mark Dice (@MarkDice) October 19, 2023

Here’s your Art Degree figure of speech “price anchor!”  .  Link here.

17th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismMultipolarity: China, Russia, Israel, India, and the difficult birth of a new worldMichael Hudson, Radhika Desai and Pepe Escobar

Transcript. Originally broadcast at New Rules on Rumble.Naked CapitalismRussia, China Unite Against US EmpireDmitri Simes, Jr. interviews Michael Hudson

Putin, Xi and the guests at the Belt and Road Forum made it quite clear this is essentially about new commodity supply chains; new and improved Maritime Silk Roads; and bypassing Western-controlled choke points – as the (attached) map shows. It’s all leading to an interconnected maze featuring BRI, BRICS, EAEU and SCO.The Russia-China-led BRICS 11 – and beyond (Putin gave a hint that Indonesia will become one of the new members in 2024) is already turning all Mackinder-drenched fantasies...

 Politics rules.This leaves the left with two options: either accept fiscal orthodoxy and try to win elections on the argument that the other side is being hypocritical, or hop into the Modern Monetary Theory camp and argue that the only real constraint is the tolerance of inflation. Of course, the establishment centre-left is generally going with the first option, and is discovering that electorates do not really care that much about hypocrisy.Bond Economics"Paying For Two Wars"Brian...

"The medium is the message." (Marshall McLuhon) See also The Medium is the Massage.Taking Warren Mosler's business card analogy a step up in the communications and public education game in an era of "infowar" as an ongoing battle for hearts and minds. William Mitchell — Modern Monetary TheoryMMTed goes manga – The Smith FamilyBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Biden people are just going to have to keep telling their CB to increase the overnight risk free rate to reverse this… Chicken prices hit record highs under Biden administration as US inflation keep beef, pork out of reachhttps://t.co/YjPRc4Lt76— stanley stack (@stack_stan37447) October 19, 2023

This index continues to reduce YoY… Biden Fed still very “hawkish!”…Today's CPI Data by Truflation. 🇺🇸 2.21% 🇬🇧 7.41% More: https://t.co/xclS0apCd0 pic.twitter.com/d0iS0kJNXL— Truflation (@truflation) October 18, 2023

Good summary.The NationalScotonomics: Moving past straw-man version of Modern Monetary TheoryScotonomics