Mike Norman Economics

Mixed Economies and Monopoly Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking...

While military spending subsidizes a certain lifestyle for some, it also contributes to trends that put the rest of the country at risk. Excess expenditure over the requirements of purpose is wasteful and constitutes a subsidy.While the economics of the article is out of paradigm with MMT, the author is a professor of politics and economics is peripheral to his argument.He doesn't mention the push from the right to increase military spending for "national security" reasons, followed by an...

Speaking about exchange rates.EconomonitorWhich exchange rate regime? Biagio Bossone 

Naked CapitalismThe Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part ¼) John Siman interviews Michael Hudson

I cannot stress enough that this elitist attitude towards society is a learned mindset, that comes with a sense of extreme entitlement, and not some inherited tendency. As it succeeds it can become contagious among those who are morally weak and easily influenced. Some good quotes. Jesse's Café AméricanAudacious Oligarchy: The Rules Are For the Little People Jesse

Quote from the new MMT textbook, Macroeconomics, by Bill Mitchell, Randy Wray, and Matin Watts on the MMT JG that operates as a buffer stock and a price anchor. Lars P. Syll’s BlogJob Guarantee and inflation controlLars P. Syll | Professor, Malmo University

Primary trends are reasserting themselves.

Why is NATO a zombie. According to Col. MacGregor, it fuels the military-industrial complex that lies at the heart of the US economy, so it is kept alive indefinitely. Of course, we knew this already, but here is a former insider saying it. Mysteriously, the promises given to President Mikhail Gorbachev by President George H. W. Bush, Prime Minister Margaret Thatcher, President Francois Mitterand, Chancellor Helmuth Kohl and their foreign ministers in 1990—not to expand NATO eastward; not to...

Corruption Watch.Regular readers may recall that MNE has been on this for along time.Zero HedgeForget 'Creepy' - Biden Has A Major Ukraine ProblemTyler Durden

The objections to an independent fiscal authority – continued... Who needs more technocracy when "democracy" is already a shambles? Bill Mitchell – billy blog The effectiveness and primacy of fiscal policy – Part 3Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia