Mike Norman Economics — Feed Items
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Not MMT per se but it has to do with economic modeling that is pertinent to MMT's stock-flow modeling.
When looking at Steve Keens's claim about continuous and discrete yesterday, it seemed to me to be a bit off given that economic data is discrete despite the fact that it is reported in terms of flows that are assumed continuous. Brian explains the details of the modeling math clearly and briefly without getting overly wonkish.
Podcast and transcript.
Money on the Left — MR Online
Economic Democracy with Pavlina Tcherneva
Scott Ferguson and William Saas interview Pavlina Tcherneva
"Finding the Money" Trailer.
Deadline
Giant Pictures & Kanopy Acquire ‘Finding The Money,’ Documentary That Explodes Myth Of Deficit Spending
Matthew Carey
I’m on my way back to Nairobi. I spent the last 3 days in Rome at a UN expert group meeting on SDG2 (Ending Hunger) at the FAO, in preparation for the 2024 High-Level Political Forum
that will be help in July 2024. It was a bit ironic that the FAO
building where we held the meeting used to be the Italian Ministry of
For years, those who want selective access to government spending benefits (like the military-industrial complex and other parasitic sectors), while claiming the government cannot afford to provide adequate income support to the most disadvantaged citizens have used various ruses to give an air of authority or legitimacy to their claims. So in the UK, the lie in 1976 by the then Labour government that it was going to have to borrow from the IMF to stay solvent has been regularly wheeled out.
The sequel.
The National (Scotland)
Mark Blyth: Unionists 'taking my words on independence out of context'Xander Elliards
Philip Pilkington turns the page on MMT?
And there is indeed a ‘current account constraint’ – if you are a small open economy you need things you can sell in order to get the stuff you don’t have.
MMT really applies, as many others suggest, uniquely to the US as it issues the world’s reserve currency.
If you are not the US and your Sovereign Currency is weak, it will drive import inflation so it really means that your currency is not properly sovereign.
A brief note on the EU, Egypt, Palestine, and Copenhagen
MMT's man on the ground in the Global South.
Interesting post that deal with some of the same concepts as MMT but is not MMT. It's an interesting take. He has seen both sides, having grown up in a communist country (Yugoslavia). He is former hedge fund manager, commodities trader and author based in Monaco. He now blogs on geoeconomics and geopolitics at TrendCompass on Substack.