Mike Norman Economics

Letter That Albert Einstein Sent to the New York Times1948, Protesting the Visit of Menachem Begin Today, Einstein and many other leading Jews would be considered to be a racists for their anti-Zionist views. Well, what if they actually said that Zionism was fascism - imagine the outrage and condemnation? It would be said that they were very bad people indeed for holding such 'extremist views'!Black is white, war is peace, the Western neoliberal dictatorship is democracy, our enslavement...

It is racist to accuse all Jews as being Zionists, as the Zionists do. This is a sweeping statement stereotyping a nation. Many Jews are not Zionists, and many others, like many ultra orthodox Jews, reject the Israel state entirety. This is a political position. [embedded content] Activist and academic Sai Englert explains why conflating Anti-Zionism with Anti-Semitism is "problematic". Israeli historian Ilan Pappé: it's not occupation - it's colonisation [embedded content]...

When the government spends in excess of what it removes in taxes it adds to the income and savings of the private sector. Those funds are used for investment.

Powell displayed the arrogance that is typical of the mainstream economics' profession.

An excellent article which covers lots of points.Zionism is racism towards Palestinians, and yet anti-Zionism is being depicted as racism. With the whole of the media in cahoots, it seems they are getting away with it. What a shame this article will never by read in the MSM, because almost everyone reading it would agree with it right away. It's a long article, this is just a bit of it. Macron’s confusion of anti-Zionism with antisemitism is patently nonsensical. Antisemitism refers to the...

False accusations by yesterday's spooks against Milne and Corbyn are a direct attempt to stop a popular and democratically elected leader from becoming prime minister But David Hearst doesn't like Putin.  It's all about Israel I will end with just two observations. The Labour Party could very well split if more defections are in the offing. These interventions by yesterday’s spooks are not casual, nor are they ill-timed. They are a direct attempt to stop a popular and democratically...

In 2010 and 2011 I pitched an MMT show to Fox, CNBC, Bloomberg, CNN, even RT and no one was interested.

Powell makes ridiculous and unjustifiable claims in his dismissal of MMT.

More proof we are ruled by morons.  The battle line is drawn, with the ruling elite and neoclassical economists at the center and the flanks occupied by Austrians and Libertarians on the right and clueless progressives on the left, with corporate media in the background, facing off with the MMT economists at the center flanked by MMT advocates, backed by a public that agrees with genuine progressive goals. Now it is a battle for hearts and minds. Quartz Actually, deficits do matter,...

Robert Murphy again. Nothing new. Just posting for the record.Zero HedgeMMT Is Even More Dubious Than AOC's Green New DealTyler Durden