Mike Norman Economics

No. Absolutely not. Although the worst is not over, with regulatory mismanagement and tax drains coming, the good news is that fiscal will say huge. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course....

MAGA coming out swinging…  Silicon Valley leftists getting their clocks cleaned due to their own Democrat Biden people increasing risk free rate in unprecedented fashion as a desperate monetarist attempt to help him with his inflation problem last election year and continuing … No bailouts. Period. pic.twitter.com/Kj8yFCEtWJ— Lauren Boebert (@laurenboebert) March 11, 2023 Will need to at least get something out of it from Dems… like maybe approval of the political delay in TMTG/DWAC merger...

Not MMT but MMT-related in that it considers "money" institutionally. The article views the need for a new set of institutional arrangements as compelling for the Global South and suggests parameters for a solution as well as an outline of a possible solution While the article does not mention it, this appears to be akin to the bancor system devised by J. M. Keynes and E. F. Schumacher and proposed by the UK at Bretton Woods. It was rejected in favor of the US proposal of a dollar-based...

The American Federal Deposit Insurance Corporation (FDIC) made the unusual step of shutting down the flailing Silicon Valley Bank (hereafter, SVB) during business hours yesterday (Friday). (FDIC Friday usually involves teams swooping in after the close on Friday.) Since I have to write this article quickly in the morning, I am not sure of what the latest developments are for SVB, rather I want to discuss the possibility of contagion....Bond Economics Oh No, Panic In Silicon VAlleyBrian...

Everyone at the Fed and FDIC should be fired IMMEDIATELY! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Along with Eric Tymoigne, I will be on the “pro-” side of a “pro-/con-” Modern Monetary Theory (MMT) panel at the online part of the annual Canadian Economic Association (CEA) conference (on May 30, the live conference is in early June in my old hometown of Winnipeg). As a non-academic non-economist, if I were smart, I would keep my head down and offer fairly cautious remarks from the perspective of an educated outsider (with obvious biases). Whether that happens when I start opening my...

Confirms that demand and not rate of interest affects firms' investment decisions. However, interest rates do affect the economy through mortgage rate and banks' loan policy, that is, through the housing channel (which is accounted for as investment). Raising the interest rate increases the interest rate on mortgages, which decreases the demand for housing over time, i.e., there is lag estimated at about two years. A lot of other demand is also connected to demand for housing, making housing...

The White House is requesting $886.4 billion in discretionary funding for national security in fiscal 2024, with $842 billion from that pot bound for Department of Defense coffers — a 3.2 percent increase over the FY23 enacted level.The administration unveiled its budgetary roadmap today just hours before President Joe Biden was scheduled to touchdown in Philadelphia, Pa., to discuss plans to cut the deficit and fund the federal government next year.…Breaking DefenseWhite House requests $842...

Numbers.Calculated RiskFed's Flow of Funds: Household Net Worth Increased $2.9 Trillion in Q4Bill McBride

In the light of recent debates about whether we are back in the 1970s, where the only ostensible similarity is that inflation has accelerated over the last year or so, I dug into my data archives to remind myself of a few things. One of the problems with dealing with official data is that it gets revised from time to time and time series become discontinuous. So the labour market data for Australia tends to start in February 1978 when the Australian Bureau of Statistics moved to a monthly...