by Summary:
The same garbage economics keeps being applied with the same garbage results. Insanity.
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Mike Norman considers the following as important:
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The same garbage economics keeps being applied with the same garbage results. Insanity.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| The same garbage economics keeps being applied with the same garbage results. Insanity. |
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Mikey Pipes !!!!
You have to stay, how can we get anyone interested in mmt, if they cant use it?
Appreciate what you do Mike!
I'm confused. If China has collected a bunch of US Dollars by exporting products to us, how are countries like China going to get rid of their dollars if we begin exporting to them? Wouldn't we be collecting Yuans and other currencies not dollars?
we would be collecting our own dollars back. They would be returning our dollars – that we originally gave them in order to get yuans to buy their goods.
@Kenny How? Just as China collects dollars when we buy Chinese products, We would be collecting Yuans when they buy American products not dollars. I don't spend Yuans at Walmart.
Its a choice to hold dollars which are deliverable or tradable in the global economy. The Chinese Renmimbi is not deliverable and so cannot be used outside of China making USD more useful to trade with. There is an offshore version CNH which is used outside of China and tracks the mainland currency CNY.
Before covid, I exported to China. They paid in dollars, and I didn't accept Yuan. Period.
Thanks Mike.
I know you don’t like doing short videos, but I think if you did more of those you would attract more viewers to the main channel. People these days have short attention spans.
Great work as always Mike!
Looking forward to Monday mornings MMT Report!
Cool beans!
Buffett began investing in 1956. Simons began investing in 1978. Buffett annual returns ~ 25%
Simons annual returns ~ 75%
Simons is a more successful investor than Buffett. But obviously a 22 year head start was helpful for Buffett’s net gains!
Good to see you Mike!
hit the thumbs 👍 up every time for Mike folks. How hard is that seriously!!
Mike threatens this all the time. He won't give up I'll tell you that. A man that can hike Pikes Peak? Done as well as he has done in trading never gives up.
Hahahahaha. I am very stubborn, buddy. That's my nature. You hit on the head. Love you!
You're the only one doing this that is plain speaking, Mike. There is so much ignorance out there. It's just going to take time to have a plain speaker like you that is a regular guy that regular folks can relate to. I've been referring friends to you and some are actually watching you. A few watch you almost every day. So appreciate your time and effort since I really have no one else to refer them to that is like you, Mike, that I trust will get the job done.
Mike! Mike! Mike!
6:23 Simplicity breeds complexity. In most cases, reverse engineering complex dots eventually indicates its origin of simplicity.
Yet an Argentinian prime beef steak per kg still trades for a Columbian coffee bean per kg, give or take 150g. Who woulda' thought?
The one thing about your channel is that it's hard for newcomers to step in and watch and understand the exact reason why these fiscal flows matter. We need a video that explains this in full and as annoying and repetitive as it may be, you have to constantly link us back to that video every time you mention the fiscal flows in your new videos. That way you can retain new viewership. Otherwise, new viewers are constantly trying to figure out what you mean and they don't necessarily have the time to look through your 2.4k+ videos. It may be annoying to have people give you suggestions like this, but I genuinely think that if you can just leave a link in your description box taking us to a video that explains in full detail why fiscal flows matter, your views can better appreciate the dates, and the actual fiscal flow #'s that you provide.
Your nemesis, Peter Schiff does this really well. He's a repetitive doom and gloom chatterbox that constantly reminds his viewers why the data points he looks at matter and explains in full the importance. May be a low blow to mention your nemesis, but he's on air just about every day so he must be doing something right to retain viewership.
Good to see you back Mike, and to keep telling people to try building better rockets!