Mike Norman Economics

They're saying she's a Putin puppet, but Tulsi Gabbard knows how to answer them back. The neocons are pretending to be pro-democracy while playing their dirty tricks again. Tulsi Gabbard could well be the only genuine antiwar candidate that might truly be electable in the past fifty years, and that is why the war party is out to get her. Two weeks ago, the Daily Beast displayed a headline: “Tulsi Gabbard’s Campaign Is Being Boosted by Putin Apologists.”  Tulsi responded “Stephanopoulos...

Another one calling for paradigm shift.The National InterestAmerica Needs to Reexamine Its Wartime RelationshipsJohn Quiggin | Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government

Important because of who said it.Project Syndicate.Europe’s Silent Majority Speaks Out George Soros

Another argument for paradigm shift away from the neoclassical model in economics. It no longer fits the facts (if it ever did). The "free market" that neoclassical economics assumes, the atomism of methodological individualism, and other such assumptions based on "simplifying," are myths concocted partly for methodological convenience ("mathematical tractability") and partly owing to ideology (cognitive bias). Theoretically, this would just be a curiosity of history, like the "ether" and...

Richard Murphy addresses specific issues raised questioning MMT. "Paradigms" are overarching conceptual models of systems that create a framework in terms of which competing theories can be generated in response to issues, especially emergent ones at the frontier of knowledge. The paradigm that has been in force with respect to policy issues since the rise of the Chicago School and the replacement of John Maynard Keynes with Milton Friedman has been neoliberalism, the basis of which is...

In Part I, I considered an Australian-based attack on MMT from a Labour Party stooge. In this Part, I shift to Britain to address the recent article by a Northern Labour MP – Jonathan Reynolds – who is apparently, if his arrogance is to be believed, the Labour Party spokesperson on matters economic. For the title of his recent article (June 4, 2019) was – Why Labour doesn’t support Modern Monetary Theory – which begs the question as to who actually doesn’t support MMT – all of Labour?...

More of the figurative "pumping!"...China has “tremendous” room to adjust monetary policy if the trade war with the U.S. deepens, says People’s Bank of China Governor Yi Gang https://t.co/rFqYgqrX5a pic.twitter.com/J9RCJiegF9— Bloomberg (@business) June 7, 2019

'Vandalism on Hampstead Heath is completely unacceptable', says City of London A MYSTERY sign writer has used the slopes of Parliament Hill to send a message to US President Donald Trump – currently visiting the UK on an official state visit. Heath walkers were bemused this morning (Wednesday) to find someone had used a field near Highgate Road to daub a slogan in giant letters stating “‘F**k Trump.” Nearby, another protester had created a sign overlooking the Parliament Hill running...

Mike from 2016, already way ahead on outreach back then... writing about "the debt!" doomsday fallacies years ago on RealMoney.com and getting top headlines on yahoo.comNothing has changed from this.  U.S. (really the whole planet earth) is in the exact same knowledge. There has been no change.[embedded content]

lol Trump Derangement Syndrome lefty USAToday unqualified journos on the loose...Dialectic trained MMT people making no difference whatsoever... none... zero... zip.... nada.... and  never will... ...some left-wing Democrats lately have begun pitching their own voodoo economics known as "modern monetary theory." This holds that deficits don’t matter because currencies — particularly reserve currencies like the dollar — are monopolies, and therefore institutional investors will have no...