Mike Norman Economics

All over the globe now there are cries for a Green New Deal. What constitutes the GND is another matter. Like the concept of the Job Guarantee, there are now countless versions springing out of various groups, some that only seem to offer a short-term, short-week job or other arrangements that fall short of the way Modern Monetary Theory (MMT) constructs the concept. There is only one Job Guarantee in the modern parlance and that is the MMT concept. Other job creation programs are fine but...

More on de-dollarization. It's a matter of preserving national sovereignty and independence in the face of American imperialism and the US attempt to colonize the world. This is imposed not only militarily, either directly and indirect by threat, and subversion, but also economically and financially in a unilateral world order that is "pay to play."Zero HedgeRussia Urges "Independence" From "Imposed World Order" Of US Financial SystemTyler Durden

Good summary of the main points regarding public debt.J. W. Mason's BlogA Baker’s Dozen of Reasons Not to Worry about Government DebtJW Mason | Assistant Professor of Economics, John Jay College, City University of New York

Available now on YouTube. I would not count on it remaining so.SouthFrontDocumentary On MH17 Reveals 5-Year-Long String Of Lies

Congress maybe going to get back to creating some increased infrastructure funding after August recess:Oh good @LeaderHoyer says #infrastructure will be dealt with when House returns in the fall. “Still need to deal with infrastructure - we’ll be doing more with that when we get back“ reports @emrwilkins Maybe baby will fittingly arrive during the next #infrastructureweek...— Shaun Courtney (@SCourtneyDC) July 24, 2019

Not too shabby:Almost 40% of U.S. homes are ‘free and clear’ of a mortgage https://t.co/GetRvr2FLd via @seattletimes— Muusa Liinpaa (@MLiinpaa) July 23, 2019

Cold War 2.0 update. The recently released PLA white paper.RTChina to build ‘world-class’ military in new strategy as US ‘stirs up rivalry’ between major powers

It can be objected that enlightened self-interest* could do it. But enlightened self-interest as viewing one's personal interest in the context of system optimality can also be seen as a form of collectivism that moderates  individualism by restricting it, whereas the "correct" paradigm of self-interest is one in which individual maximization spontaneously generates Pareto optimality (even though history shows that it does not tend to do so).My view, which is characteristic of one form of...

So much of short term trading is gamesmanship

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