Mike Norman Economics

Reminiscence of the Future[Gerhard] Schroeder Goes To Moscow And Other Items.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/07/schroeder-goes-to-moscow-and-other-items.htmlIndia PunchlineRussia’s Vostok 2022 has big messagesM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/russias-vostok-2022-has-big-messages/CaitlinJohnstone.comThe...

 I gave this talk a few weeks ago and it has now been released on Youtube:Tax Research UKTax and modern monetary theory: my talk at the MMT Summer SeminarRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forumhttps://www.taxresearch.org.uk/Blog/2022/07/27/tax-and-modern-monetary-theory-my-talk-at-the-mmt-summer-seminar/

Naked CapitalismThe End of Cheap Russian Gas: Turning the Lights Out in EuropeYves Smithhttps://www.nakedcapitalism.com/2022/07/the-end-of-cheap-russian-gas-turning-the-lights-out-in-europe.htmlDances with BearsGORILLA RADIO ASKS: WILL THE WAR IN EUROPE END IN GERMANY AGAIN, LIKE 1945?John Helmerhttp://johnhelmer.net/gorilla-radio-asks-will-the-war-in-europe-end-in-germany-again-like-1945/The Unz ReviewThe All-American Lie FactoryPhilip Giraldi, former CIA counter-terrorism specialist and...

WSJ op-ed by Art degree monetarist former Fed nominee Shelton wondering where the Fed is going to “get the money!” to pay the IOR and RRP interest…This could be the start of the political shitstorm over this topic we’ve been looking for here at MNE for quite a while now…this could be right from Mikes stuff: “The tricky situation the Fed now faces is that its own net interest income—$116.8 billion in 2021, of which 93% was remitted to the Treasury—will soon be exhausted by the higher interest...

As many of you know, I recently spoke at the Levy Economics Institute’s Summer Seminar on MMT, Minsky and Godley. All of the videos are now available, including my opening keynote…. The LensMy Keynote from the Recent Levy Summer SeminarStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie...

The Vineyard of the SakerSitrep Operation Z: collapses and progressThe Saker Staffhttp://thesaker.is/sitrep-operation-z-collapses-and-progress/1945Does Economic Pain Mean NATO and the West Cut Ukraine Loose? (To me, this is the most likely scenario. By way of criticism, it also appears that Lt. Col. Davis is significantly underestimating Russian capability and resolve, as are most Americans who are analyzing the situation.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military...

A Son of the New American RevolutionTHE SHORTEST HISTORY OF EUROPEAN SURFACE NAVAL WARFARE EVER WRITTEN (increasing distance/bang ratio)Helmholz Smithhttps://sonar21.com/the-shortest-history-of-european-surface-naval-warfare-ever-written/It is Ukraine, Not Russia, scraping the bottom of the barrel in search of Replacement TroopsLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money...

So last week, the Bank of Japan remained the last bank standing, the rest in the advanced world have largely lost the plot by thinking that raising interest rates significantly will reduce the global inflationary pressures that are being driven by on-going supply disruptions arising from the pandemic, the noncompetitive behaviour of the OPEC oil cartel and the Russian assault on Ukraine. The most recent central bank to buckle is the ECB, which last week raised interest rates by 50 basis...

CaitlinJohnstone.comWhen They Announce WW3 Let’s Just Say ‘Nah’: Notes From The Edge Of The Narrative MatrixCaitlin Johnstonehttps://caitlinjohnstone.com/2022/07/24/when-they-announce-ww3-lets-just-say-nah-notes-from-the-edge-of-the-narrative-matrix/  Reminiscence of the FutureTOE [Table of Operations and Equipment] As Military Bible.http://smoothiex12.blogspot.com/2022/07/toe-as-military-bible.htmlIn The News.http://smoothiex12.blogspot.com/2022/07/in-news.htmlAndrei Martyanov, former USSR...

Short quote on the important of the external factor (exports and imports).The Case for Concerted ActionWynne Godley’s Views About How The Economy WorksV. Ramananhttps://www.concertedaction.com/2022/07/24/wynne-godleys-views-about-how-the-economy-works/