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Mike Norman Economics
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Economy

Mike Norman Economics - Economy

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Mike Norman Economics

22.11.2024

How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat Stephanie Kelton ~ Mike Norman Economics

As James Galbraith put it years ago, "It's the interest rate, stupid." Nostalgia: Carlos "beowulf" Mucha liberally quoted. And no, not "the ...

Mike Norman Economics

19.11.2024

Tariffs As A Fiscal Tool? — Brian Romanchuk ~ Mike Norman Economics

Has Trump thought his tariff proposal through? Brian gives reasons to doubt that this move would be successful in replacing the income tax o...

Mike Norman Economics

16.11.2024

Class ~ Mike Norman Economics

Whoa!… hold up!… was Marx correct? 🤔 Americans are increasingly voting along class lines, not racial ones. That could upend how we’ve th...

Mike Norman Economics

15.11.2024

Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell ~ Mike Norman Economics

Today (November 15, 2024), MMTed releases Episode 8 in the Second Season of our Manga series – The Smith Family and their Adventures with Mo...

Mike Norman Economics

15.11.2024

Oh no...Eva Langoria leaving the U.S.!!! ~ Mike Norman Economics

Oh no, what will we do? "Privileged" (her words) Eva Langoria is leaving the U.S.!! What a loss. Here's Eva, lamenting for all the rest of...

Mike Norman Economics

13.11.2024

Wishful Thinking ~ Mike Norman Economics

More wishful thinking from Democrat left: Given voters’ ire at the high cost of living, it might be wrong to assume Donald Trump will simp...

Mike Norman Economics

09.11.2024

Trump v Iran ~ Mike Norman Economics

Reports Iran conspired to assassinate Trump… The DOJ charged 3 individuals in an assassination plot against Trump. Two are in custody and ...

Mike Norman Economics

09.11.2024

Trump v Fed ? ~ Mike Norman Economics

This guy a MAGA Trump insider perhaps in line for AG (probably too much to hope he gets it 🙏🏻) but it’s revealing that he mentions the b...

Mike Norman Economics

08.11.2024

Functional finance — Lars P. Syll ~ Mike Norman Economics

What monetarists. deficit hawks, and debt phobes don't get. Quotes by Abba Lerner and John Maynard Keynes. Lars P. Syll’s Blog Functional f...

Mike Norman Economics

07.11.2024

Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar ~ Mike Norman Economics

We will need weeks, months, years to fully grasp the enormity of what took place in Kazan during the annual BRICS summit under the Russian p...

Mike Norman Economics

07.11.2024

On Sraffa and Keynes — Lars P. Syll ~ Mike Norman Economics

Minsky quote that underlies not only Keynes but also MMT. Lars P. Syll’s Blog On Sraffa and Keynes Lars P. Syll | Professor, Malmo University

Mike Norman Economics

05.11.2024

Government job creation programs deliver significant (net) long-term benefits — Bill Mitchell ~ Mike Norman Economics

On April 5, 1933, US President Roosevelt made an executive decision to create the – Civilian Conservation Corps (CCC) – which was a compone...

Mike Norman Economics

05.11.2024

MMT — debunking the deficit — Lars P. Syll ~ Mike Norman Economics

Lars comments on a quote from Stephanie Kelton's The Deficit Myth showing the loanable funds theory being inconsistent with stock-flow acco...

Mike Norman Economics

04.11.2024

24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow ~ Mike Norman Economics

Not much happening regarding MMT these days. Herer is an anecdotal report on Russian banking. And, yes, you read that right. You get 24% not...

Mike Norman Economics

03.11.2024

Did The Latest BRICS Summit Achieve Anything Of Tangible Significance At All? — Andrew Korybko ~ Mike Norman Economics

The conclusion is that it’s a lot easier to talk about creating truly alternative institutions than actually doing so, which means that BRIC...

Mike Norman Economics

24.10.2024

Rate policy ~ Mike Norman Economics

Democrat rate policy still has US overnight risk free IOR rate at 4.9% so what is so bad about a 10yr risk free UST rate of 4.2%? It’s s...

Mike Norman Economics

22.10.2024

Pepe Escobar —Date With Destiny–BRICS Offers Hope in a Time of War ~ Mike Norman Economics

Pepe Escobar summarizes the state of play at the outset of the BRICS conference as it begans in Kazan, the capital of Tatarstan, Russian Fed...

Mike Norman Economics

21.10.2024

BRICS—facts and figures — Peter Hanseler/Denis Dobrin ~ Mike Norman Economics

Introduction In the first part of this year’s BRICS series, we described the geopolitical environment in which BRICS is currently operating ...

Mike Norman Economics

21.10.2024

BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal — Ben Norton ~ Mike Norman Economics

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and cent...

Mike Norman Economics

18.10.2024

How Australian Monetary System Favours the Powerful — Denis Hay ~ Mike Norman Economics

MMT to the rescue (from neoliberalism). This applies similarly to other countries running under neoliberalism, which can be broadly characte...

Mike Norman Economics

18.10.2024

Episode 7 (S2) of the Smith Family Manga is now available–A revealing Zoom session — Bill Mitchell ~ Mike Norman Economics

Today (October 18, 2024), MMTed releases Episode 7 in the Second Season of our Manga series – The Smith Family and their Adventures with Mon...

Mike Norman Economics

18.10.2024

The Boy Who Cried Wolf About Government Debt —Yeva Nersisyan, L. Randall Wray ~ Mike Norman Economics

In a New York Times editorial, David Leonhardt recounts Aesop’s apocryphal story about the boy and the wolf, warning that while deficit hawk...

Mike Norman Economics

18.10.2024

Improvement Of The International Monetary And Financial System — The Ministry Of Finance Of The Russian Federation, Bank of Russia, Yakov and Partners ~ Mike Norman Economics

This is what will be presented at the upcoming BRICS + meeting. Download report at link below. Description on X here . (It's nothing like th...

Mike Norman Economics

12.10.2024

LA Woman ~ Mike Norman Economics

Great breakdown of a great song (by The Doors) by these 2 Millennial black bros… never understood the song as a metaphor for the city of Los...

Mike Norman Economics

10.10.2024

The Deficit, the National Debt, and why we don’t have to worry about them. — John Rudden ~ Mike Norman Economics

Short article on Stephanie Kelton's The Deficit Myth . Daily Kos The Deficit, the National Debt, and why we don’t have to worry about them. ...

Mike Norman Economics

03.10.2024

Episode 6 of the Smith Family Manga (Season 2) is now available— Bill Mitchell ~ Mike Norman Economics

Today (October 3, 2024), MMTed releases Episode 6 in the Second Season of our Manga series – The Smith Family and their Adventures with Mone...

Mike Norman Economics

02.10.2024

Modern Monetary Theory film proves finding the cash isn't the problem — William Thomson ~ Mike Norman Economics

As we have been writing for over a year in this newsletter, the UK Government, as the issuer of the UK pound, can never run out of money. Th...

Mike Norman Economics

01.10.2024

Class origins matter – but who are the agents of change? — Bill Mitchell ~ Mike Norman Economics

Not MMT or economics as such but it is interesting in that Bill is an MMT founder so his stance on economic sociology is relevant. There wa...

Mike Norman Economics

01.10.2024

The ball is now in Finance Ministry's court, Chinese economists say — Zichen Wang ~ Mike Norman Economics

Apparently many influential Chinese economists are old-style Keynesians. There is no indication that they understand the basic principle of ...

Mike Norman Economics

22.09.2024

How I came to MMT — Robert Cauneau ~ Mike Norman Economics

The discovery of a monetary approach, which, in this case, not only relates to a field that I was not familiar with, but also constitutes a...

Mike Norman Economics

21.09.2024

China shit market ~ Mike Norman Economics

Commies dilute their productive capital with unproductive commie bullshit = 0… Here is a wild chart. The total return on Chinese stocks si...

Mike Norman Economics

17.09.2024

The 20 EMU Member States are not currency issuers in the MMT sense — Bill Mitchell ~ Mike Norman Economics

For some years now (since the pandemic), I have been receiving E-mails from those interested in the Eurozone telling me that the analysis I ...

Mike Norman Economics

16.09.2024

Trump to roll out DeFi project this week ~ Mike Norman Economics

Looks like Trump going to start a crypto exchange and a USD stable coin… 🤔 . @WorldLibertyFi is helmed by @realdonaldtrump 's sons, @EricT...

Mike Norman Economics

16.09.2024

(II) Xu Gao's case for Beijing to spend — Yuxuan JIA and BU, Xiaoqing ~ Mike Norman Economics

Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School...

Mike Norman Economics

12.09.2024

Xu Gao's case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing ~ Mike Norman Economics

MMT without naming it. Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professo...

Mike Norman Economics

11.09.2024

The Myth That the US is Rapidly Approaching Bankruptcy — Michael Hudson ~ Mike Norman Economics

Yves Smith's introduction Yves here. It is frustrating to see a normally solid YouTuber almost go off the rails by getting outside his area...

Mike Norman Economics

11.09.2024

Wholesale Payments Systems and Bank Reserves — Brian Romanchuk ~ Mike Norman Economics

Some of the nity-gritty involving payments systems that underlies some institutional arrangement needed to understand MMT's analysis. Bond E...

Mike Norman Economics

11.09.2024

Trump 3% Mortgage Policy ~ Mike Norman Economics

Trump promising a return to 3% mortgages if he can get back in… He’ll have to tell his Central Bank to lower the policy rate down to at le...

Mike Norman Economics

11.09.2024

Modern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.org — Bill Mitchell ~ Mike Norman Economics

I am travelling all day tomorrow so I am bringing forward the normal blog post to today. I am pleased to announce that from today the MMT MO...

Mike Norman Economics

10.09.2024

Episode 5 of the Smith Family Manga (Season 2) is now available – the Finance Report hots up Bill Mitchell ~ Mike Norman Economics

Today (September 6, 2024), MMTed releases Episode 5 in the Second Season of our Manga series – The Smith Family and their Adventures with Mo...

home›Mike Norman Economics›Economy

Mike Norman Economics - Economy

How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat Stephanie Kelton ~ Mike Norman Economics

Tariffs As A Fiscal Tool? — Brian Romanchuk ~ Mike Norman Economics

Class ~ Mike Norman Economics

Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell ~ Mike Norman Economics

Oh no...Eva Langoria leaving the U.S.!!! ~ Mike Norman Economics

Wishful Thinking ~ Mike Norman Economics

Trump v Iran ~ Mike Norman Economics

Trump v Fed ? ~ Mike Norman Economics

Functional finance — Lars P. Syll ~ Mike Norman Economics

Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar ~ Mike Norman Economics

On Sraffa and Keynes — Lars P. Syll ~ Mike Norman Economics

Government job creation programs deliver significant (net) long-term benefits — Bill Mitchell ~ Mike Norman Economics

MMT — debunking the deficit — Lars P. Syll ~ Mike Norman Economics

24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow ~ Mike Norman Economics

Did The Latest BRICS Summit Achieve Anything Of Tangible Significance At All? — Andrew Korybko ~ Mike Norman Economics

Rate policy ~ Mike Norman Economics

Pepe Escobar —Date With Destiny–BRICS Offers Hope in a Time of War ~ Mike Norman Economics

BRICS—facts and figures — Peter Hanseler/Denis Dobrin ~ Mike Norman Economics

BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal — Ben Norton ~ Mike Norman Economics

How Australian Monetary System Favours the Powerful — Denis Hay ~ Mike Norman Economics

Episode 7 (S2) of the Smith Family Manga is now available–A revealing Zoom session — Bill Mitchell ~ Mike Norman Economics

The Boy Who Cried Wolf About Government Debt —Yeva Nersisyan, L. Randall Wray ~ Mike Norman Economics

Improvement Of The International Monetary And Financial System — The Ministry Of Finance Of The Russian Federation, Bank of Russia, Yakov and Partners ~ Mike Norman Economics

LA Woman ~ Mike Norman Economics

The Deficit, the National Debt, and why we don’t have to worry about them. — John Rudden ~ Mike Norman Economics

Episode 6 of the Smith Family Manga (Season 2) is now available— Bill Mitchell ~ Mike Norman Economics

Modern Monetary Theory film proves finding the cash isn't the problem — William Thomson ~ Mike Norman Economics

Class origins matter – but who are the agents of change? — Bill Mitchell ~ Mike Norman Economics

The ball is now in Finance Ministry's court, Chinese economists say — Zichen Wang ~ Mike Norman Economics

How I came to MMT — Robert Cauneau ~ Mike Norman Economics

China shit market ~ Mike Norman Economics

The 20 EMU Member States are not currency issuers in the MMT sense — Bill Mitchell ~ Mike Norman Economics

Trump to roll out DeFi project this week ~ Mike Norman Economics

(II) Xu Gao's case for Beijing to spend — Yuxuan JIA and BU, Xiaoqing ~ Mike Norman Economics

Xu Gao's case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing ~ Mike Norman Economics

The Myth That the US is Rapidly Approaching Bankruptcy — Michael Hudson ~ Mike Norman Economics

Wholesale Payments Systems and Bank Reserves — Brian Romanchuk ~ Mike Norman Economics

Trump 3% Mortgage Policy ~ Mike Norman Economics

Modern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.org — Bill Mitchell ~ Mike Norman Economics

Episode 5 of the Smith Family Manga (Season 2) is now available – the Finance Report hots up Bill Mitchell ~ Mike Norman Economics

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