Mike Norman Economics

Gives new meaning to "market forces." Shades of a transnational corporate military not subject to international law? Really?Zero HedgeBlackwater Founder Says US Troops In Syria Could Be Replaced By Private Contractors [read mercenaries]Tyler Durden

...the mass media is not in the business of reporting facts, it’s in the business of selling narratives. Even if those narratives are so shrill and stress-inducing that they imperil the health of their audience.... Fear-mongering is taking its toll. Caitlin Johnstone observes that the problem is not as much Trump as the media and its manufactured narratives. Good read.Caitlin Johnstone — Rogue JournalistMainstream Media Is Now Killing People DirectlyCaitlin Johnstone

The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship.  This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. Various studies have proven the theory is bogus, yet proponents keep believing.… Without the Phillips Curve, the current approach to monetary policy is groundless other than "discretionary." There is no rule.And it's not just the Phillips...

Independent economist Peter Cooper addresses the "we-knew-it-all-along" claim and shows, not really.heteconomistOne of the Fundamental Differences Between Modern Monetary Theory and New Keynesian EconomicsPeter Cooper

The HillFirst Native American woman elected to Washington legislature wears traditional regalia at swearing-in Aris Foley

S&P closed above 2600 after brief pause, just like I said. Nasdaq back above 50 dma for first time since Oct.

Rolling StoneReturn of the Neocons! Matt TaibbiCraig Murray BlogThe Hague Comes of Age Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee FAIRTriumph of Conventional Wisdom: AP Expunges Iran/Contra Pardons from Barr’s Record Sam Husseini Fort RussThe New Russian Kalibr Missiles Can Threaten US Cities Paul Antonopoulos IrrussianalityWorst secret agent ever Paul Robinson | Professor, Graduate School of Public and International Affairs at the...

Whilst I agree, could politicians not be persuaded that, rather than a largely useless National Citizen’s Service, we could have a instead have a ‘Job Guarantee’ or perhaps better sold as a ‘Guaranteed Job Opportunity’ for everyone of school leaving age. Of course many will be going to university but some might like to take advantage of some work experience before arriving in full time education. Indeed with effort and thought perhaps a Job Opportunity could also be guaranteed to...

What happens when a business runs at a loss? If it happens for long enough, eventually it’ll go bust. So why should it be any different for the government? Doh. Another Johnny-come-lately who still hasn't heard that the government is the currency issuer and that everyone that uses the currency must obtain it ultimately from the issuer as the monopoly provider.Therefore, currency users are financially constrained, whereas a government that is sovereign in its currency is not constrained...

Eminent Indian economist Professor Utsa Patnaik (Jawaharlal Nehru University) has estimated that Britain robbed India of $45 trillion between 1765 and 1938, However it is estimated that if India had remained free with 24% of world GDP as in 1700 then its cumulative GDP would have been $232 trillion greater (1700-2003) and $44 trillion greater (1700-1950). Deprivation kills and it is estimated that 1.8 billion Indians died avoidably from egregious deprivation under the British (1757-1947)....