Mike Norman Economics

Defending stance on Khashoggi killing, US president suggests that without Washington’s ‘strong ally’ Riyadh, Israel would be forced ‘to leave’ region I guess the $100 billion arms sales swings it?  “The fact is that Saudi Arabia is tremendously helpful in the Middle East, if we didn’t have Saudi Arabia we wouldn’t have a big base, we wouldn’t have any reason probably…” Trump said, without finishing the sentence Critics in Congress and high-ranking officials in other countries have...

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State capitalism works, and China and Norway are good examples of this. Britain privatized all its oil companies and the elite squirreled the wealth into off -shore tax havens, while Norway did the opposite. Today Norway is rich while the UK is poor, so we are told, so it's never ending austerity. We're always being told that we are living beyond our means. [embedded content] Norway is one of the World’s wealthiest countries. Also they have really small inequality between rich and poor and a...

Economist Stephanie Kelton advised Bernie Sanders’ 2016 presidential campaign. She tells Planet America why he could become the next president of the United States. ABC News (Australia)Bernie 2020? Planet America interviews Stephanie Kelton

An off topic one which I thought was interesting. [embedded content] To his believers, he’s known simply as ‘The Healer’. Charlie Goldsmith claims he possesses a mysterious energy that can cure the sick using just his mind. The self-proclaimed energy healer from Melbourne says he can end chronic pain, cure crippling arthritis, even save lives. And he has plenty of patients who will attest to his inexplicable powers. But is he truly a healer or is it all a hoax? Sunday Night’s Angela Cox has...

Dances with BearsBBC REVEALS NEW TRUTH-DEFYING EVIDENCE IN SKRIPAL POISON CASE John Helmer Boston Review What White Supremacists Know Roxanne Dunbar-Ortiz CounterpunchTwo Numbers That Explain Why Trump Won’t Sanction Saudi Arabia Thomas Knapp Sputnik InternationalCyber Experts Weigh France's Chances to Escape US, China High-Tech Dominance SouthFrontA Formidable Hybrid to Break-through the Russian Air Defenses in the European Theater: Tomahawks Will Seem Like a Child’s Play Originally...

Marginal Revolution University have a large series of short videos on mainstream economics which are a great introduction to the subject. I like the way they describe the complex subject of economics in a very interesting and easy to understand way. One way they do this is by keeping the videos short and to the point.I put this one up for discussion. What have they left out of the picture? [embedded content]

They don't know why the birds died yet, but if it was due to 5G I'm sure the technology will be redesigned. [embedded content]

Yanukovch describes how the Ukranian government fires leading members of the armed forces, the police, the judiciary who don't agree with its fascist policies. Dear representatives of the media, dear compatriots. First, because all sorts of rumors have been circulating about me in Ukraine, I would like to say that I am alive, although I cannot say that I feel good because I cannot watch what is happening in Ukraine without a feeling of deep and terrible alarm. Behind the curtain of some...

So, both Mr Trump and Mr Sanders were proposing stimulatory economic policy at a time when the US economy was already at, or near, what economists consider full-employment, something that most economists warned might trigger runaway inflation.Most economists, but not Bernie Sanders' senior economic adviser, Stephanie Kelton.The economics professor from Stony Brook University in New York treads an unusual path between advising a number of left-leaning Democrats and holding the ear and...