Mike Norman Economics

It's very good if you have time? A lovely guy, he voted for Jill Stein. [embedded content]

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Probably an accurate view of how the current US ruling class views the recent past and present global situation... from the libertarian Hanson...[embedded content]

John Maynard Keynes was a genius on par with Darwin, says, Ann Pettifor, for his revolutionary new way of looking at economics. And some of his theories are still too revolutionary today. Resistance to the book’s content came immediately drafts began to circulate. Keynes, after all, was trying to effect “a revolution . . . in the way the world thinks about economic problems” and it is natural for the mind to mount a defence of its established contents and processes. Keynes’s most...

Well, he seems a nice guy to me. I hope you win, Warren! [embedded content]

Russia, you see, has a serious problem with population decline. They’re expecting a 28 percent plunge in women of childbearing age by 2032. Their population peaked at about 148 million, in 1991. You might notice that as the year of the collapse of communism. After the revolution, a series of factors — including introduction to the joys of international capitalism, with the accompanying loss of free health care, spiking economic inequality, accelerated substance abuse, etc. — caused Russia...

The starting point of MMT is that our thinking about money is conditioned by the view that money is based on gold, which leads us to ignore the radical differences between gold-backed money and “fiat” money, which comes into existence by government decree, and does not require any backing. With a gold-backed currency, the concept of a government deficit makes sense – the government must have gold, in order to spend it. However, with a fiat currency, a deficit must always be self-imposed;...

Well, I agreed with everything John Wright said here. But I became fascinated by the embedded clip of Putin. For the first time I noticed how the interpreter also copied Putin's tone and mannerisms so you get to hear how he is expressing himself. I have noticed this before but hadn't really thought about it, but I guess interpreters don't just translate, they also try to give an indication of how things are being said. Well, Putin has always sounded modest, genuine, concerned, and sincere to...

I like to put something out here occasionally that is non political or about economics but which I have found interesting. I found this video about EFT - Emotional Freedom Technique - to be quite fascinating. To me EFT is absolutely crazy, in fact, I always considered it to be a scam, but now a district within the British NHS is offering EFT to its patients.  Professor Dr Tony Stewart's research (he is a NHS consultant) showed that EFT can be effective in only 4 or 5 sessions...

We don't have a democracy, Israel and our ruling elite conspire against our national interest. It's an oligarchy.I guess it's all about weapon sales and creating fictitious enemies to scam the public into buying more weapons - as if piling more onto the millions we already have world make any difference.It's a protection racket and the ruling elite should be put on trail for treason.  [embedded content] Anya Parampil reports on Al Jazeera’s censored four-part investigation series on the...