Mike Norman Economics

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

Mint Press NewsDOJ Inadvertently Confirms Sealed Indictment Awaits Julian Assange if Extradited to the US Whitney Webb Reuters U.S. prepares criminal case against Wikileaks' Assange TASS Lavrov points to US attempts to impede Russia’s social, economic development TASS US avoids re-committing to non-interference in Russia’s internal affairs — source Sputnik InternationalEXCLUSIVE: How Elites Use Mainstream Media to 'Maintain and Expand Their Power' NEO The Donbass Dilemma...

An absolutely brilliant TEDx talk which shows that left-wing economics can work far better than right-wing economics - which is something us socialists have been saying all along.So, is the 'low regulations, ultra free market' just nothing but right wing propaganda put out by billionaire funded think tanks? Well, if you want to get rich, then emigrate to the high tax, strong union, large welfare state (which like to redistribute money back to the poor) countries.Herald Eia is a very...

Summary The US budget deficit is $100 billion in October 2018; this is a net expansion of income and savings in the private sector and explains the rebound in markets. The good news is that dollars are being added to the economy by the Federal government, allowing the private sector to post a $100 billion surplus. Private credit growth has rebounded this month and made a $17B contribution to aggregate demand and fiscal flows. Republican president and Republican Congress. Bring on the...

Too much spending going on. New highs coming. And oil.

Jordan Peterson is the pop philosopher of greatest interest in the US right now. His thought is of interest for that reason, especially for those who like staying au courant. But his is more important in the large picture for why he is regarded as important, especially in a culture in which philosophy is held in low esteem and Ayn Rand is actually considered a notable thinker by serious people in politics.I submit that a major reason for Peterson's popularity is his worldview, rather than...

Must-read.Naked CapitalismEverything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s New Book, And Forgive Them Their Debts John Siman

This is interesting! What is time? Is it an ilusion? [embedded content] Albert Einstein was very clear in his day. Physicists are very clear now. Time is not absolute, despite what common sense tells you and me. Time is relative, and flexible and, according to Einstein, "the dividing line between past, present, and future is an illusion". So reality is ultimately TIMELESS. This sounds pretty bizarre from the view of classical physics, but from the view of consciousness theory and...