Mike Norman Economics

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

Firing back at big guns taking pot shots at MMT.The HillSetting the record straight on GND and Modern Monetary Theory L. Randall Wray | Professor of Economics, Bard CollegeMultiplier EffectBig Guns Shooting Holes in the Sky Jörg Bibow | Associate Professor of Economics at Skidmore College and Research Associate at the Levy Economics Institute of Bard CollegeNew Economic PerspectivesMMT Takes Center Stage – and Orthodox Economists Freak William K. Black | Associate Professor of Economics and...

They're all crawling out from under their rocks with crazier and crazier critiques of MMT

The Greatest Bank Robbery in history-Coming to a cinema near you. Business as usual! A FILM BY SAMIR MEHANOVIC Spank the Banker is a story about the biggest bank robbery in history of UK - the looting of 100,000 small businesses by their own corporate bankers. Made by BAFTA award-winning director Samir Mehanovic, we follow the intimate stories of six ordinary individuals who fought back against a corrupt financial system. [embedded content]

I hear this question being asked more frequently now and it's very instructive.

Part 3 with Greg Palast. They say Maduro is a dictator, who allows the opposition to go on marches; and the opposition can call the U.S. to start civil war without being arrested; and they can bear arms; and the opposition owns all the media and prints mainly anti-government propaganda.They say that Maduro is stopping the oil money from getting to the people, even through the US. has  frozen Citco's bank Venezuela's bank accounts and all the oil money is flowing into the U.S. financial...

I was on Twitter the other day and it kept warming about tweets that they said contained inappropriate data and I had to click on an view button to see it. When I clicked on I expected to see stuff about Russia-gate, or the Skripal hoax, or Assnge, etc, but it was just criticism of the finance sector, something you might read in the Guardian, or the Financial Times, even. It was just under one guy. Maybe he had tweeted something they didn't like and now they were blanking half his posts, I...

Richard Wolff explains the age old problem of capitalism: To make a profit the capitalists need to sell for more than the products cost to make, which means the wages of the staff won't be quite enough to buy all the products.To some degree they get around this in Europe and Japan, says Richard Wolff, by redistributing wealth through welfare programs and state funded healthcare, which helps people retain purchasing power and this keeps businesses going.Richard Wolff says the U.S. is intent...