Mike Norman Economics

What your government is up to. It is illegal under the UN Charter. Quite revealing that the US military high command would sign on to it. A foreign-mounted overthrow of a sovereign state's government without a UN Security Council resolution is a war crime. Calling it a "coup" is a misnomer. This is the overthrow of a government by a foreign state using its military to do so. There is no way to verify the document appended as genuine since it is labeled "Top Secret" however. But if true,...

Lest we forget. Today's generation should know about this. It was burned into ours. Cleveland 19 NewsMay 4, 1970: 49 years later at Kent State Erin Simonek

PPP, scope, and efficiency, e.g., exploitation of asymmetry. Military spending can be deceptive depending on measurement. Comparing military spending based on PPP rather than dollar equivalence results in a very different picture. The gap in spending is not as huge as it seems.  Moreover, Russia and China only aim at defense, while the scope of the US is global, with the ability to fight two and half wars simultaneously — the European theater, the Western Pacific, and the Middle East,...

US UE: 3.6% (50 YEAR LOW!!!!)... April jobs: +263.000.... (WHO KNEW?!?!?)....  Liberal Arts trained generated figurative word "Inflation!": In the toilet... Fed: On hold (POWELL FED EMASCULATED by POTUS tweets?!?!?) ... and then.... last BUT NOT LEAST.... US Fiscal: UP 7%+ YoY (PERHAPS UNPRECEDENTED?!?!!?)...Then, can you believe it, sentiment: Still BEARISH! .. on  the backs of all the disgraced political hack Trump Derangement Syndrome sufferer's mass psychosis!!  (Thanks TDS political...

Oh my, or oy veh.Task & PurposeThe US Military Would Suffer A 'Decisive' Defeat In A War With Russia Or China, New Report SaysJared Keller

Despite a strong jobs report (which I called) and the lowest unemployment in 50 years, still lots of pessimism.

The thinking must be that young people don't vote anyway and when they get old, they will like their parents.Common DreamsGOP in Danger of Losing Younger Generation of Voters Over Climate Policies: Report Eoin Higgins

The expiration of US waivers on sanctions targeting Iran and its foreign trade partners ends this Thursday. This will affect India, China, Japan, S. Korea and Turkey. While China is currently the largest purchaser of Iranian crude oil, both India and China have warned that such a step could destabilise the global energy market and the Middle East.... Sputnik InternationalIndia-China Oil Bloc Proposal a Good Step, Say Energy Analysts

After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy. Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income...

I can hardly believe that I am typing this. A resolution has been forwarded in the Senate to condemn an economic theory: “Recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.” I guess on the one hand that we should be happy that anyone is even aware of Post Keynesian economic theory. Scholars in this area have toiled largely in vain for going on a century...