Mike Norman Economics

It speaks for itself. [embedded content] That’s the question that motivates writer Wajahat Ali to travel to Israel in a new documentary from The Atlantic. Ali, who has been critical of Israel, embarks on a personal quest to understand the perspectives of some of the 400,000 Israeli Jews who live in the occupied territory in defiance of international law—and to hear from the Palestinians who oppose them. In his travels through the West Bank, Ali visits the family of a Palestinian terrorist,...

It is truly incredible that most of the advocates of this trade policy do not even seem to understand the class nature of their agenda, equating the interests of a tiny group at the top with the interests of the whole country.... TruthoutTrade: It’s Still About Class, Not Country Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.CSee alsoRobert ReichChina Tariffs are a Regressive Tax on Americans, and Risk a Recession

Short essay in Spanish for the special (40 year anniversary of the journal Coyuntura y Desarrollo, published by the Fundación de Investigaciones para el Desarrollo, FIDE). It is essentially a critique of the concept of middle-income trap and the idea of how the demographic transitions (discussed herebefore) affect the process of development. It suggests that the deindustrialization of the Latin American periphery results as much from the decisions in the hegemonic country to open up China,...

Oh, my. The Fourth Reich? And not Germany this time?Times are getting rude.The Vineyard of the SakerWhy Russia Has No Right to Surrender to the West Aleksandr Neukropny Translated by Ollie Richardson & Angelina SiardSee alsoThe Ghion HournalDestroying The Laws Rainer SheaSee alsoThe National InterestDon't Let Ukraine Drag America into War Ted Galen Carpenter, a senior fellow in security studies at the Cato Institute and a contributing editor at the National Interest

Actually, not really. Only governments have "printing presses" and other attempts to "print money" are called counterfeiting. Steve Roth knows this, of course, so he must being using "printing money" in another sense. Banks don't have printing presses in the basement, literally or figuratively. Governments that issue their currencies as government liabilities do. Banks increase M1 money supply by adding assets as receivables to their balance sheets as receivables  and booking...

What immediately caught the attention of financial analysts is that the gaping Q3 loss of over $66 billion, dwarfed the Fed's $39.1 billion in capital, leaving the US central bank with a negative net worth, which would suggest insolvency for any ordinary company, but since the Fed gets to print its own money, it is of course anything but an ordinary company as Bloomberg quips. Commenting on the Fed's paper losses, former Fed Governor Kevin Warsh told Bloomberg that "a central bank with a...

Fort Russ NewsMAJOR: Ukraine’s President Describes WAR Against Russia Paul Antonopoulos GeopolitikaThe war will come wether we want it or not SI India Negotiating Purchase of Russian Igla-S Missile System - Indian Def Min SouthFrontErdogan: Turkey Will Launch Military Operation Against US-Backed Forces In Syria Within Few Days RTBeijing warns against ‘bullying’ its citizens amid ongoing US-Huawei saga economicintesect.comThe U.S. vs. China: A Great Experiment vs. A Great...

Riding a macro move means long periods of sitting and waiting.

Loneliness undermines health and is linked to early mortality—and baby boomers are especially feeling the effects Modern life is lonely - and we didn't evolve to live like this. In our ancient tribes the elderly lived alongside their families and were never lonely. Elders were respected for their wisdom and loved for their many stories where the dragons they had fought got bigger and more menacing by the year.  Modern Life is Rubbish is the title of one of Blur's albums.  In tribal...

More ways in which the corporations can spy on you and collect data, would you believe? And they sell the data on. They say it's free fitment, but the £11 billion cost is being added to our bills.  The radiation emissions can also affect your health.  [embedded content] Smart' Meters are the biggest scam, scandal, and swindle ever perpetrated on the general public. This video explains why that is the case, what to do if you are told you need to have a smart meter installed, and what to do...