Mike Norman Economics

This is the second and final part in my discussion about the latest attempts by the IMF and notable New Keynesian macroeconomists to keep the ‘fiscal contraction expansion’ lie alive. The crisis in Italy is once again giving these characters a ‘playing field’ to rehearse their destructive ideas that rose to prominence during the worst days of the GFC, when the European Commission and the IMF (along with the OECD and other groups) touted the idea of ‘growth friendly’ austerity. Nations were...

Gilad Atzmon is under fire, and so is free speech. Dear friends In March I was sued for libel by the chairman of the Campaign Against Anti Semitism (CAA), Gideon Falter, for suggesting that ‘Antisemitism is a business plan.’ As CAA has explained its objective, the lawsuit was intended both to silence me and to wreck my career.   Campaign Against Anti Semitism’s web site states that renowned media lawyer Mark Lewis  “devised a strategy for bringing libel actions which he and Campaign...

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd (BABA.N) and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. Cue sound of heads exploding.ReutersAlibaba's Jack Ma is a Communist Party member, China state paper reveals

This passes for serious criticism now? In addition, Tim Worstall doesn't seem to realize that MMT is not a policy proposal but rather based on how the existing monetary system operates currently. Understanding this and using this knowledge opens up policy space by correctly describing existing fiscal space. Nothing needs to change with respect to the actual potential of the existing monetary system. This misunderstood by most economists, politicians and the public, with the result that...

An issue with this analysis as I see it is that it is based on a Western approach to economics and finance that is not applicable to China as a socialists country with its own development path. The first point they make is this: The first is the middle-income trap. With a per capitaannual income of around $9,000, China remains significantly below the threshold for high-income status, set at around $12,000-$13,000 by the World Bank. Only a few countries in history have managed this leap...

SouthFront America Sweepwalking Toward Fascism? J.HawkSputnik InternationalChina Reportedly Starts Building 'New-Generation' Aircraft Carrier Counter CurrentsUS Trade War With China – Desperate Move to Save Western Empire Andre Vltchek The National InterestIntroducing the 1 Problem the F-22 and F-35 Can't Seem to Shake Sébastien Roblin The ForensicatorGuccifer 2’s Russian Breadcrumbs RWER BlogProductive versus financial uses of credit John Balder SouthfrontDetained Ukrainian...

Hacking Reality is the follow up to What Is Reality. Gareth Lisi completed his PhD in theatrical physics and felt that string theory wasn't on the right track.  He tried to get a job at a university where he could study E-8 mathematics, an 8th dimensional which object theoretically could be creating our universe. Theatrical physicists and mathematicians derived E-8 mathematics in the 1930's but dropped it to research the newest maths.Gareth says how E-8 maths describes almost perfectly how...

Apparently the president doesn't get the connection between deficit spending and stimulus.Business InsiderTrump is suddenly obsessed with the ballooning federal deficit after his signature legislative victories caused it to explode Bob Bryan

Fort Russ NewsRussia Began Fighting Openly – Not Hiding Behind Volunteers, says Tymoshenko Joaquin Flores Fort Russ News‘THIS COULD MEAN WAR’: Analysts Comment on Situation in Kerch Strait Paul Antonopoulos SouthFrontRussia-Ukraine Maritime Incident In Black Sea. Chain Of Events And International Reaction TASSRipple effects: How the Kerch Strait provocation went down SouthFrontInformation War Against Russia. Kerch Strait Maritime Incident

What Private Eye has failed to investigate is how Chernukhin has been able to import and invest a fortune in the UK, with the imprimatur of the British Government, financial regulators, and banks – a fortune whose origin when he was a state official in Moscow Chernukhin declines to explain.... On the say-so of Kasyanov and Kudrin, Chernukhin supervised VEB’s takeover of most Russian pension fund contributions; management of Soviet-era debts owed to Moscow by states like Czechoslovakia and...