Mike Norman Economics

My speech is composed of four parts. The first part is an introduction to China’s monetary policy framework, the second part clarifies how monetary policy supports the real economy, the third part is about how to prevent and resolve financial risks, and the last part focuses on how to strike a balance between internal and external equilibrium. As we know, the Law of the People’s Bank of China explicitly stipulates that the ultimate goal of China’s monetary policy is to maintain currency...

Chilling stuff!Col. Lawrence Wilkerson says he came out of a bipartisan meeting the other day and both the Democrats and the Republicans were in agreement about never ending war. This is the debt that the Empire wishes to leave upon the World, he says.The Brazilian election was considered fair, even though the chief opposition leader was languishing in prison and couldn't run, but Venezuela's election was considered not fair by the U.S., even though intentional observers, and Jimmy Carter,...

Frank LI takes on Ayn Rand. To understand Libertarianism and American Conservatism, one needs to study Ayn Rand, which is what this post is about.… Ayn Rand was a successful novelist. But her works on philosophy should be irrelevant, because they are too extreme, thus more wrong than correct. Rand constructed a fantasy world in her novelist's mind, which is what novelist's do, but then she believed in it, confusing it with the real world. So do a lot of other people that can't...

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