Mike Norman Economics

Confuses QE (monetary policy) with fiscal injection (fiscal policy). Can't get much more wrong than that. Moreover, confuses the monetary in a monetary production economy with production of goods. The author is ill-informed and not qualified to speak on this topic. Fail.GoldSeekModern Monetary Theory: A Cargo Cult Keith Weiner, Monetary MetalsSee also Another straw man argument that makes stuff up. Well, not so much. Furman and Summers: “Although politicians shouldn’t make the debt their...

Identity politics has only served to disempower the left and fuel the rise of white nationalism. Can we move on? The Democratic Party was able to use identity politics to pretend it was still a left and radical party, when it was really a party of the right. It does not care about poor or working class people, and promotes neoliberalism and the faux meritocracy as something that's suppose to be progressive. Identity Politics has triggered an identity politics political backlash on the...

Good vs evil! [embedded content]

Let's be up front about it. The American Empire and its vassals are now openly at war with the Global East and South. Some of this is hybrid warfare, such as economic warfare and information warfare, and some is kinetic warfare including proxy warfare, e.g., arming and funding terrorists.Regardless of tactics, it's all part of the same policy and grand strategy to cement world domination under US rule in place. Operationally, it is war.Russia, China, and Iran know it, as well as Venezuela....

As Yogi Berra once said, you can observe a lot just by watching. And I've learned a lot by watching so many sabotage themselves.

Think there will be another shutdown? Who blinks? Hint: Pelosi is holding the cards.Washington ExaminerPoll: Trump voters will mutiny if the wall isn't built, faces 43 percent drop in support Paul BedardSee alsoThe wall may not make that much difference anyway. Fifty-six per cent of respondents in the Washington Post/ABC News survey said they would “definitely not vote for” Mr Trump if he secures the Republican nomination – double the number (28 per cent) who say they definitely would vote...

"Look over there — Venezuela, Syria."21st Century WireGILETS JAUNES: Civilians in Police Crosshairs as Macron Adopts Totalitarian State-Practices to Suppress Dissent Vanessa Beeley

The U.S. has the 22nd most corrupt government in the world according to a new study. Transparency International's Corruption Perceptions Index shows the U.S. dropping six places under President Trump.... BloombergU.S. Drops Six Places in Worldwide Corruption Index

The U.S. economy is booming and unemployment is at a low, but that doesn't paint the whole picture of the financial reality of the average American.According to a new report from Prosperity Now, millions of Americans are one missed paycheck away from poverty.The report found that 40% of American households are "liquid asset poor," meaning that they don't have enough money put away to make ends meet at the poverty level should their income be suddenly interrupted. That figure jumps to 57%...

A panel on economic inequality went off script this weekend, as the participants told the gathered billionaires that their philanthropy and pet projects for the poor were not the answer to economic world justice.This wasn't what Davos had in mind.... Back to the Eisenhower level and eliminate tax avoidance. Oh, my! Crooks and LiarsDavos Panel Goes Rogue On Economic Inequality: Tax The Rich! Frances Langum