Mike Norman Economics

My conclusions: 1. The West is conducting economic warfare against Russia and Russians in general realize that his is the not-so-hidden agenda. 2. So far Russia has adapted successfully to the challenges and as a result become stronger and more integrated with the non-West. The West hadn't anticipated this. The consequence is that the West is in a worse position than prior to launching the economic war. 3. Specific understanding of MMT would greatly improve Russia...

Some more good quotes. I especially like the one from David Freedman. Lars P. Syll’s BlogTake a hard look at the skeletons in the mainstream closet!Lars P. Syll | Professor, Malmo University

How little the two Eastern European countries that we have focused on can be compared with Western countries can be seen very clearly in the development of unemployment (Graph 1). Following the major crisis of 2008/2009, the unemployment rate in Romania hardly rose at all. In Bulgaria it increased significantly, but despite weak economic development after 2013 it is falling at an astonishing rate, almost to the relatively low Romanian level.For Romania, this can only mean that unemployment...

Patience and the ability to handle adversity is the key to success.

Another ham issue this is kind of funny: #nationalist #POTUS45 imposes tariffs against China. China retaliates against US farmers. President provides bailout for farmers, cash and fed purchase of commodities. Smithfield ham to sell 144,000 lbs of ham to govt. Smithfield is owned by China. Trump fleeces taxpayers again. — Dan Thompson (@mrcdtee2) November 9, 2018 Oh no!!!!

The Science Degree competent people can produce surplus amounts of real livestocks, meanwhile the Art Degree incompetent people who run the payment system can't see a way to establish enough of a unit of abstraction that they continue to objectify... then thru this objectification, it can appear to the unqualified mind, that shortages are possible and then its straight to "we're out of money!".China has themselves going quite a nice credit shortage this year due to this widespread cognitive...

The following is mostly intended as background for a possible post (or posts) on quantity effects of a job guarantee in which the standard income-expenditure model is taken as a base. It is desirable to work from as simple a starting point as possible as the exercise can complicate pretty quickly. To minimize unnecessary complications, the base model will be presented in highly abbreviated form. This will not cause anything important to be lost because it is always possible to switch back...

Those slight alterations in perspective can be dangerous. As Jonathan Albright, the research director of the Tow Center for Digital Journalism at Columbia University, put it to the Washington Post, “The most dangerous type of fake news and reporting and evidence is when you get into the fine details, the nuanced things that are shaped to present a certain viewpoint or decision or news a certain way.” He added, “It’s not AI-generated or completely false. It’s something that’s real but has...

(response to Coppola’s “The Myth of Monetary Sovereignty” and related discussions) Clint BallingerThe Myth of the Currency Hierarchy

Link to agent's affidavit.RTUkraine’s neo-Nazis ‘believed’ to have trained US white supremacists – FBI