Mike Norman Economics

Votes every day now. Market reaction.

A (successful) American politician who cries: “God is a white supremacist!”Neo-nazis in the Bundestag. The extreme right rising in Italy. Poland’s authoritarians purging its Supreme Court . How did we get here? To a world where the forces of intolerance and indecency are on the rise, and those of decency, wisdom, and civilization are waning? Is something like a new Dark Age falling? I think it has everything to do with predatory capitalism, and so I want to tell you a story. Of how it...

A resurgence in a popular economic theory might make it possible for Universal Child Care and other programs to actually see the light of day MMT makes a distinction between the issuer of the currency, which is the federal government, and the users of the currency, which is everybody else. States, municipalities, us, individuals, families, households, and companies, and the rest of the world. Once we look at that distinction, it becomes illogical to say the government needs to borrow...

I'm inspired! [embedded content] In Caracas, Ben Norton interviewed Venezuelan financial analyst Juan Carlos Peraza, who gave up a lucrative job as a Wall Street banker and returned home to support Hugo Chávez and the Bolivarian Revolution.

You can see that Gilad Atzman is under enormous pressure. Poor guy, he's only trying to do the right thing. But now Corbyn has capitulated too. [embedded content] In the last three years we saw the Labour party suspending and harassing its own party members for thought crimes. Now the purge is escalating, the party is now terrorising private citizens. I seem to be their prime target. My crime, I told the truth...

Even as the Venezuelan government blamed the power outage on U.S.-led ‘sabotage,’ the U.S. has long had a plan on the books for targeting the civilian power grid of adversarial nations. CARACAS, Venezuela—For nearly a week, much of Venezuela has been without power, bringing the country’s embattled economy to a near standstill. The outage saw U.S. officials and politicians blame the Venezuelan government for the crisis while officials in Caracas accusedthe U.S. of conducting “sabotage”...

How imperialism works.And as we are the good guys we can sleep soundly at night knowing our honourable leaders are making the world safe for is by getting the all bad guys, like Maduro - who is sitting on all that oil wasting it giving it to peasants. Information from local sources said that US army helicopters have already transported the gold bullions under cover of darkness on Sunday [February 24th], before transporting them to the United States.  The sources said that tens of tons...

And so, in last month’s address to Russia’s National Assembly Putin sounded note of complete and utter disdain and contempt for his “Western partners,” as he has usually called them. This time he called them “swine.” The address contained almost no bad news and quite a lot of very good news. Russia’s financial reserves are more than sufficient to cover its entire external debt, both public and private. Non-energy-resource exports are booming to such an extent that Russia no longer needs...

The US-funded CANVAS organization that trained Juan Guaido and his allies produced a 2010 memo on exploiting electricity outages and urged the opposition “to take advantage of the situation…towards their needs” Hybrid warfare?The Gray ZoneUS Regime Change Blueprint Proposed Venezuelan Electricity Blackouts as ‘Watershed Event’ for ‘Galvanizing Public Unrest’ Max Blumenthal

The prime minister has made it clear that Israel is not a state of all its citizens. So there you have it.BloombergNetanyahu Tells Arab Citizens They’re Not Real IsraelisCaroline Alexander and Amy Teibel