Mike Norman Economics

No, this is not the Onion.Can't even spell the name "Modern Monetary Theory" right. OK, finance and economics is hard, but spelling?Columbia Daily TribuneModeren [sic] Monetary Theory is unsustainable hypocrisy Craig A. Van Matre, retired attorney formerly with Van Matre, Harrison, Hollis and Taylor

Bill Black says Deutsche Bank is a criminal outfit; it's shareholders lose money while it's CEO's take in millions. The bank could trigger the next recession, says Bill Black. [embedded content] Professor of Economics and Law, William Black, who was a top regulator in the S&L crisis, says, “Deutsche Bank is one of the potential sources of the next recession, and you can see lots of people warning that there are signs that a serious recession is pretty likely relatively soon. . . . The...

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A complement of Thomas Piketty's Capital in the 21st Century. The principal point is that competition is the driver of capitalism as companies strive in the marketplace to achieve efficiency and effectiveness in anticipating and meeting demand. When competition decreases, the engine fails to function as an evolutionary force. This is hardly a new idea. See "What Is Monopoly Capital?" by  John Bellamy Foster and "Monopoly Capitalism" by Paul M. Sweezy. But the authors of The Myth of...

Moon of AlabamaNeocons Sabotage Trump's Trade Talks - Huawei CFO Taken Hostage To Blackmail China Zero HedgeChina Prepares Retaliation To Huawei CFO Arrest Tyler Durden CounterpunchThe Universal Declaration of Human Rights at 70: Time to De-Colonize Human Rights! Ajamu Baraka CounterpunchThe Bomb that Did Not Detonate: Julian Assange, Manafort and The Guardian Binoy Kampmark, lecturer at RMIT University, Melbourne Dances with BearsTHE LIE THAT SHOT DOWN MALAYSIA AIRLINES FLIGHT...

https://twitter.com/ojblanchard1/status/1070776221741580288

Is this becoming an American tradition? Caitlin Johnstone — Rogue JournalistNikki Haley To Be Replaced By Blonde Version Of Nikki HaleyCaitlin Johnstone

As David Weiner says, "important." The problem is that people prioritize security, good order and liberty in a descending order. When social dysfunction increases domestically in a liberal society, or an external threat is perceived as existential, then liberty cedes to order and, in extremis, to security. The question is whether "the free world" is facing such an issue, as some argue, and tending in this direction — vide the Patriot Act, the Department of Homeland Security, and the...

This is flat nuts… Marx Brothers in Duck Soup nuts. Sic Semper TyrannisJames Jeffrey wants no-fly-zone over Syria… all of Syria TTG

Vice President Pence in a speech about China some weeks ago essentially said that the United States and the West more broadly made a bad bet. The bet was that if Western countries participated in capitalism with China, that its political system would open up, that democracy would follow. He said that bet hasn't worked out, which does seem plainly true. Do you assume that China will never open up? No, I don't think we should assume that at all. In fact, I think a very important factor in...