Mike Norman Economics

Good article on MMT. It's essentially a short lecture by Stephanie Kelton. She is very articulate. CFO‘The Federal Government Does Not Need Revenue’ David McCann

Shithole....See: Socialism, Sahara, sand...Venezuelans Face Gasoline Shortages Amid Refinery Breakdowns https://t.co/w0sMgf1ENI via @markets— Jose Cardenas (@JoseCardenasUSA) November 3, 2018

The 40B per month of asset purchases by the ECB create non-risk reserve assets in surplus Germany causing the denominator in DB's Leverage Ratio to continually increase and the ratio to violate the threshold....Checkmate... again....This will stop if the ECB doesn't renege on its promise to stop these purchases next month and then Europe should start to turn up slightly...Or.... its all part of the "vast neo-liberal conspiracy!!!".... Very hot take on #EBA #StressTests1) if you think...

Another interesting talk by the British philosopher, ALain De Bottom. He's very good at what he does. Off topic, but very entertaining. [embedded content]

It looks like people are doing something about the fake news and propaganda in our media. A reminder that the event “Scrutinising the media: Fake news, censorship, and war” is taking place tomorrow, Sunday Nov 4, Lincoln, UK. It promises to be an interesting and highly relevant discussion. More information at the events’s website. Or contact the organiser David Hughes at [email protected] event will engage the public in discussion and debate about journalistic objectivity in...

Deal-breaker for the US. The "trade war" is about submission to the US. That is a non-starter for the Chinese. It's uni-versus multi-lateralism.ReutersChina says willing to meet U.S. over trade issues on equal footing

Singapore has had an even more "draconian" (from the US perspective) social policy than China for many years. Ever hear of it in the US media that trumpet the "Singapore miracle"?The fact is that Asians are traditionally much more social than Americans, who are the most highly individualistic people in the world. One nation's "liberty" is another's "license." This is also the case internally in the US, and it is one factor in the extreme divisiveness that the US is now experiencing socially...

I believe this New Statesman article is an attempt to undermine Jeremy Corbyn's movement and to stop him from gaining power. Karen Glaser is an alias Jewish name.Karen Glaser's boyfriend made the mistake of saying that all Jews are rich, but does that mean he is antisemitic? He just sounds immature.Karen Glaser believes there is a problem of antisemitism in the Labour party and that Jeremy Corbyn is antisemitic. So, having a problem with Israel's treatment of the Palestinians makes a person...

The map above is an update on last year’s look at Bitcoin electricity consumption. Currently, only 38 countries definitely consume more electricity than total Bitcoin mining. Other quick facts: The Digiconomist Bitcoin Energy Consumption Index currently estimates that Bitcoin mining is consuming somewhere between 55.63 and 73.12 TWh of electricity per year. This means Bitcoin mining is now using more electricity than between 175 and 181 individual countries/territories (up from...

The Unz ReviewWho’s Coming to the US? Anatoly KarlinSee alsoEmulating Israel? Or ??? "I hope there won't be that, but I will tell you this – anybody throwing rocks... we will consider that a firearm, because there's not much difference," said Trump. Zero HedgeTrump Says Military May Fire on Rock-Throwing Migrants Tyler Durden