Mike Norman Economics

I've always doubted whether vaccines were dangerous, and felt that not getting vaccinated posed a far greater risk. [embedded content] The UK has lost its measles free status. Experts are worried and the government is considering making the MMR vaccine obligatory in view of recent breakouts in places like London.

While the world moralises over China's occupation, feudalism and abuse in Tibetan culture has been conveniently forgotten This was written in 2013, so I doubt if you would ever read anything like it today now the Guardian has been taken over by MI5, according to recent reports. The Guardian today regularly puts out anti-Chinese propaganda.When I was youger, I would regularly go to my local Buddhist centre to practice Buddhism. But its nihilism, along with being dispassionate, losing...

Britain's press is controlled by the same networks of people as run everything else. Is it really free? A really good article saying about how much of our media is controlled by oligarchs. If the truth were known, Corbyn would be well ahead in the polls. For instance, if people knew about what was happening in Yemen and how the Tory Party is complicit in that genocide, how many people would still vote for them?  MI5 and the CIA routinely influence and pay journalists to put out...

The Trump administration has really upset China, which is now trying to become much more independent.China will soon be flying more planes than the US and Europe, so it will be a massive loss for Boeing and Airbus if China develops its own planes.Rick Sanchez says that Boeing is so linked to the US government that it is almost a state owned industry.China is Boeing’s top client country by far. But now China is getting ready to make their own planes, potentially disrupting the Boeing-Airbus...

The American Conservative To End Endless Wars, We Must Give Up Hegemony Daniel Larison Reminiscence of the FutureSic Transit Gloria Mundi. Some News. Andrei Martyanov The NationWill Russia Be Driven From the West? Stephen F. Cohen | Professor Emeritus of Russian Studies, History, and Politics at New York University and Princeton UniversityAntiWarTrump Makes Another Bad Choice for National Security Advisor Daniel Larison Yahoo NewsExclusive: Russia carried out a 'stunning' breach of FBI...

Oh this is just too good....LOL!!! I guess they "never read the MMT literature!" where they would have learned they only should ask for a basis point above FFR!!! Two government-backed financial giants, Fannie Mae and the Federal Home Loan Banks, both stepped up their repo lending at higher rates on Tuesday, according to people familiar with the matter.  The home-loan banks, a network of government-backed lenders, were offering to lend overnight at 4% Tuesday morning, twice the recent...

The correct question is, Can we not afford a GND? So when we look at the cost of the climate proposals out there against today’s macroeconomic background, the question should not be, are they too expensive? The question should be: Are they expensive enough? The purpose of policy is meeting policy goals effectively and efficiently. This means getting as close as possible in the design solution to "just right — not too much and not too little."But in the case of serious challenges...

Victoria Guida: 25:18 Victoria Guida with Politico. Another money-market question. Banks have been pointing to liquidity rules as having contributed to some of the volatility we’ve seen in repo markets and potentially some capital rules as well. Are you all looking at whether some tweaks to the liquidity coverage ratio might help and also, what is the status of the net stable funding ratio rule? Are you all still planning on putting that out soon? Jerome Powell:...

Did exactly what I said they would do.

Are the faults of capitalism curable, or are they instead symptoms of a chronic disease? This is the question posed by Martin Wolf: What we increasingly seem to have…is an unstable rentier capitalism, weakened competition, feeble productivity growth, high inequality and, not coincidentally, an increasingly degraded democracy. There is much to admire in this piece. But I fear it understates the problem with capitalism.... Falling rate of profit?Stumbling and MumblingThe trouble with...