Mike Norman Economics

Strongest evidence yet of a Blue Wave. Orange County has traditionally been rock-solid Republican and a conservative stronghold. On the other hand, it could only be a rejection of the Trump GOP and a vote for the bipartisan Establishment over it.SlateDemocrat Declared Winner in Orange County House Race, Marking a Clean Democratic Sweep of the Onetime Conservative Stronghold Elliot Hannon

"Is monopolization threatening capitalism?" Facebook, Google, Amazon. ProMarketEditors’ Briefing: This Week in Political Economy (November 11-18) Editors

This is quite a good episode. U.S. companies are busy buying back their shares while China companies are busy expanding their businesses, but the China housing bubble is about to bust, says Max Keiser. The U.S. elites have given up competing with China and have decided to just cannibalize the US. economy instead. [embedded content] In this episode of the Keiser Report, Max and Stacy discuss the surge in share buybacks as corporations turn their Trump tax break into more income for...

Human beings are very friendly and gregarious creatures where our communities are very important to us. Through our collectivism we have achieved so much, but we are also very individualistic and competitive. A football team is very collective but individual footballers would love to be the person who scores the goals.Good self esteem helps us to get on in life and to also helps us find us to a loving partner. Feeling that we are worthwhile and lovable is as important to us as getting food...

The report notes that the United States now faces five rising challenges—China, Russia, Iran, North Korea, and transnational terrorism—yet has fewer military forces than at any time since the end of World War II. “Simply put,” it observes, “the United States needs a larger force than it has today if it is to meet the objectives of the strategy.”... Message: The US needs to spend more on military — a lot more.The National InterestWhy the U.S. Military Is In Serious Trouble Army Lt. Gen....

Its defenders claim to be standing up for uncomfortable truths, but race science is still as bogus as ever.  I watched a video where Jordon Peterson said that the Ashkenazi Jews were smarter than most other races. But is this really true, so I did a search for it?The Alt Right, Steve Pinker, Steven Molyneux, and even Sam Harris have all jumped in on the pseudoscientific nonsense about race and intelligence. They haven't looked at the facts. The problem was that most of his identical twins...

Listening to George F. Kennnan. Earlier parts of this intermittent series discussed NATO's projection and gaslighting. Slouching toward (nuclear) war.Strategic Culture FoundationPsychoanalysing NATO: Confirmation BiasPatrick Armstrong

Queen Baudica, an historic Celtic and iconic figure who fiercely fought the Romans Alexander Blum says that Jordan Peterson is a true intellectual who has had great influence on him, but he says that there are many areas where he is wrong.Jorda Peterson bases much of his ideas on traditionalism ignoring historic figures like Joan of Arc, and countless others. So, women have not always fitted the traditional stereotype as Peterson would like to think. Modern day women can draw...

A job guarantee would be a standing offer of a publicly funded job. Spending on the program would adjust automatically and countercyclically in response to take-up of positions. The likely feedback between spending on the program and activity in general is interesting and can be considered within the income-expenditure framework. In what follows, the standard model is modified to find the steady state levels and compositions of income and employment and other key variables. Attention then...

The unconventional plan would eliminate unemployment in Australia, says US economist Stephanie Kelton…. Stephanie Kelton will be one of three keynote speakers at Future to Fight For: Rethinking Our Economy in Sydney (17 November), Melbourne (20 November) and Brisbane (21 November). SBS News A radical plan to give every Australian a job who wants one is gaining momentum Rosemary Bolger