Mike Norman Economics

Think of what currently passes as a “policy” of the US in Venezuela as a diagnostic tool.  Not just to diagnose the moral degeneracy and mental pathology of the leaders of the AngloZionist Empire, but also to diagnose the very real state of despair and chaos of the Empire itself. Under Obama, for all his faults and weaknesses, the US succeeded in subverting a list of crucial Latin American countries (like Brazil or Argentina) but now, with Mr MAGA, it can’t even do that. The kind of antics...

Poorly argued. Economics professor Jonathan Portes admits that the fundamentals of MMT about operations are correct, and that MMT economists recognize that the financial constraint on fiscal deficits is inflation. Then he concludes that it is obvious that MMT cannot work since the real constraint is available resources and government spending uses resources instead of creating them. So, over time, inflation cannot be avoided other than by increasing taxes, that is, limiting the deficit by...

Fed on hold so bond market is now on hold. But what about the Fed's balance sheet reduction?

Video and transcript MARK WEISBROT: Well, it’s all illegal, of course. I mean, the sanctions that Trump imposed in August of 2017, or you can go back further to the Obama sanctions in March of 2015, the sanctions have always been illegal under the OAS Charter, under the UN Charter, under the treaties that the U.S. has, various international conventions that the U.S. is a party to. And also under U.S. law, because the president has to state in order to impose these sanctions in the...

For what it’s worth, my own take on the issue is as follows. First, the idea that Russia is innately aggressive and expansionist if false. While Russia has certainly acted aggressively on occasions, its historical record in that regard isn’t obviously any worse than that of other major European states. Second, there’s no clear connection between regime type and aggression, either in Russia’s case or more generally; current East-West tensions owe much to clashing interests and the structure...

The US is facing the turning point that Israel just went through with the majority of the population non-Jewish. Will the US act in the same way as Israel? One-third of eligible voters will be non-white in 2020, according to new datafrom Pew Research Center. Latinos will be the largest minority group in the electorate, surpassing African-Americans for the first time. Pew projects that Latinos will account for around 32 million eligible voters, or 13% of the electorate, up from 7% in the...

According to a recent survey conducted by Kadir Has University a whopping 81.9 percent of Turks consider the United States the most dangerous country for Turkey.Israel follows the US with 63.3 percent, according to the survey, titled “Turkey Social and Political Trends Research,” published by Turkish media outlets on Wednesday.The opinion poll was conducted on 1,000 people over the age of 18 in face-to-face interviews between Dec. 12 and Jan. 4 in 26 provinces. The results of the survey,...

Col. Lang backs the intel chiefs rather than the neocons handling Trump. Sic Semper Tyrannis Trump and the Spookery Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in the drafting of National Intelligence...

The Chinese government defended relations with Russia and stressed that they do not target third countries. “[China and Russia] stick to a new kind of interstate relations… that are not directed against third countries,” said Chinese Foreign Ministry spokesman Gen Shuang. Beijing’s official statement comes a day after US intelligence director Daniel Coats claimed that China and Russia are collaborating to confront Washington’s policy.... Fort Russ NewsChina stresses its cooperation with...

Framing.NEOIs China Building a “Police State” or Countering Western-sponsored Terrorism? Joseph Thomas