Mike Norman Economics

Deutsche Bank still circling the toilet bowl [Ed: Figurative Language ALERT for Art Degree people out there... they are not actually all in a big toilet bowl going around and around ofc... haha!  gotta be careful with reification Art Degree people... ]The "neo-liberal conspiracy!" continues to impress... those crafty "neo-liberals!" really know how to make the munnie don't they!Let us watch what happens to them going forward into next year if the ECB stops adding reserve assets next month...

Doesn't seem hard to me you just choose which Theory you fancy and then just teach that Theory.... MMT or otherwise... then let the dialectical process sort it out... Art Degree methodology 101... What is so hard about that?  I don't see it.. Macroeconomic theorists disagree on almost everything. That is one of the reasons it is such a hard subject to teach https://t.co/C5q0TyTuQv — The Economist (@TheEconomist) November 17, 2018

In a blog post last week – Financial services agreements – the EU as a neoliberal, corporatist project (November 13, 2018) – I wrote about the way the EU compromised the capacity of elected Member State governments to advance the well-being of their nations by the way they negotiate trade arrangements in services, particularly with respect to the financial services sector. For all those Europhiles that regularly deny the core agenda of the EU is to compromise democratic outcomes in favour...

I came across this fine Jeremy Corbyn Speech in which he explicitly talks about the ideology of the working class which is utterly deflationary to output. It’s from 2010, and shows how clear his understanding of the way the world works, is. It is extremely rare and in my opinion, no politician has come even remotely close to it.... The Case for Concerted ActionFine Jeremy Corbyn Speech From 2010V. Ramanan

Is accusing China of using debt as a weapon capitalist chutzpah on the part of Pence, when it's SOP under neoliberalism — "free markets, free trade, and free capital flows" — to put less powerful countries in debt to powerful countries to the degree that they need to go to the IMF for funding to meet debt obligations, the strings attached being giving up control of their institutional arrangements, fiscal policy and national sovereignty?  I doubt Pence will fool anyone on this, but...

Journalists simply follow ratings. The Kardashians have a huge following. When you see a woman who is a parody of a star on the Kardashians, you’ve got to put her on to attract viewers. I tune in for her like I don’t for Elizabeth Warren or Paul Ryan because she’s simply so goshdarn funny. It’s the Kardashian-type funny but it’s still entertaining. Alexandria the Great Ocasio-Cortez. The "younger generation" is about being natural and part off that means "not politically correct," let...

Institutional religion off, spirituality on. On a practical level, that means a lot less funding for religious institutions — and a lot more funding for "spirituality," some of which is organized and some not. This trend was already perceptible as an aspect of the countercultural revolution of the Sixties and Seventies. An underground or alternative economy also developed then and it has grown into the billions presently and become mainstream. Part of that is the so-called New Age...

John Quiggin explains his new troll policy. I’ve decided that life is too short for me to deal with any more trolls. John QuigginTrolls (crosspost from Crooked Timber) John Quiggin | Profess of Economics at the University of QueenslandUpdate:I just ran into this interesting study. In a study published by Taylor Francis Online, and written by Kathleen Searles, Sophie Spencer and Adaobi Duru, it's quite clear that abusive and "uncivil" comments (like "UR a commie lib and you eat babies — go...

What’s less clear is whether this is real functioning technology or an example of the Chinese government bragging about some technology which does not yet exist. “Without being able to take the lid off what has been shown here, we can’t be sure if this is an elaborate hoax,” Alan Woodward, a professor of physics at the U.K.’s University of Surrey, told New Scientist. The demonstration was only available to Chinese media, and foreign press — including a reporter for the publication Aviation...

Notice who gets all the most desirable (and expensive) property. There are the areas that pay most of the taxes based on income and wealth distribution. See the post for other "strange maps" and stats. Big Think How to split the USA into two countries: Red and Blue Frank Jacobs