Mike Norman Economics

'Austrian Economics is Nuts ', says Abdul Turay.  Abdul Turay is very likeable and entertaining speaker, but although he's bright, he's no academic and in this TEDx talk he's as clear as mud.He was a child during the 70's in London when the unions were at war with the government and so there was loads of strikes. Dustbins (trashcans) weren't being emptied, there was power cuts all the time, and even the grave diggers went on strike so bodies weren't getting buried. Abdul Turay came to the...

Hollywood is considered to be liberal and many of its films most certainly are. I have liberal views but I'm too socialist to really be one. My views are more like Stephen Lendman's.Brokeback Mountain was good, which showed how cruel and harsh traditional conservative society could be back in the old days.Now liberals have become intolerant themselves and seem to hate Russia and Putin for its conservative views. But I view Russia of having a very gentle conservatism which is fairly liberal...

Carey Wedler was die-hard liberal and even had an Obama posted above her bed but then she realised how pro war the liberals were and so she became a libertarian. She recently had her Anti-Media Facebook page removed. [embedded content]

Plenty of petroleum products available (and at a nice low price..) to run all this heavy equipment harvesting the feedstock this year... this family makes it look like they are having fun...(Tho I don't like all the small children apparently running around all the heavy equipment... they could tighten that part up imo...)[embedded content]

Kashkari put these out this week in response to some 'audit the Fed!' nut-jobs ... kinda funny...Ok here you go. https://t.co/L2yOJ2RUey https://t.co/yDNSaUVVKS— Neel Kashkari (@neelkashkari) November 8, 2018 KPMG https://t.co/7qb67qTZIT— Neel Kashkari (@neelkashkari) November 8, 2018

The doctored video of CNN's Jim Acosta shared by White House Press Secretary Sarah Huckabee Sanders was "not altered," White House counsel Kellyanne Conway claimed on Fox News Sunday, just "sped up." "They do it all the time in sports to see if there's actually a first down or a touchdown," she told host Chris Wallace. "So, I have to disagree with the, I think, overwrought description of this video being doctored as if we put somebody else's arm in there." Independent expert analysis of...

Recently declassified documents show that the former CIA director and former director of national intelligence approved illegal spying on Congress and then classified their crime. They need to face punishment, writes John Kiriakou. Consortium News Brennan and Clapper Should Not Escape Prosecution John Kiriakou

Systemic uncertainty in a complex adaptive system. Spontaneous natural order is messy.Cassandra's LegacyShould we Prepare for a New World War? Answers from the Patterns of Past Ugo Bardi | Professor in Physical Chemistry at the University of FlorenceSee alsoStatistical Modeling, Causal Inference, and Social ScienceHey! Here’s what to do when you have two or more surveys on the same population!Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied...

Keynes and the fundamentals of probability.Lars P. Syll’s BlogTruth and probabilityLars P. Syll | Professor, Malmo University

The old "should the government issue bonds" debate has come up again. I would point the reader to this article at Mike Norman Economics, as well as the Richard Murphy article it refers to. I would argue that there is limited room for debate. The Treasury of the central government certainly can stop issuing bonds, conditioned on there being changes to the legal/regulatory framework for the central bank. The more important question is whether such a policy is a good idea. My argument is that...