Mike Norman Economics

Cat fight.Mainly MacroMMT and Labour’s fiscal ruleSimon Wren-Lewis | Emeritus Professor of Economics, Oxford University

Vintage Bill Vickrey quote.Lars P. Syll’s BlogWhy so-called​ deficits​ are economic necessitiesLars P. Syll | Professor, Malmo University

I never liked much of Primal Scream's music (although some tracks I liked), but I always admired Bobby Gillespie's stance on politics.I remember reading reviews of Primal Scream's new albums and it wouldn't take long before Bobby Gillespie was onto politics. But the reviewers usually made fun of him in their write ups, saying he was nuts. They were really horrible to him. This was because Bobby Gillespie had very strong views, was very passionate, and was clearly angry. I liked him, and he...

Steve Keen is going to stay in Europe as he says the youth are more revolutionary here.I love Steve Keen's accent, it's kind of old fashioned London even through he's Australian. Hey, maybe one day I will meet him for a pint in a Wetherspoon 's.We humans love round numbers. I didn't note my 10th Patron (that came sometime during day 1 of my Patreon campaign), nor the 100th, but the 1,000th Patron, about 20 months after I started my campaign in February of 2017, is a milestone well worth...

The Guardian’s Larry Elliott on why we need a clean break from BrusselsLarry Elliott, the economics editor at the Guardian, is more leftist than I thought, as he takes an old fashioned view on the EU rather like in the Tony Benn tradition. That's like me, although I was very pro E.U. up until a few years ago, where I even wanted the Euro not knowing what a disaster that would be.I saw Europe as the bastian of social democracy, but sadly, I came to realise it had become Thatcherite-...

Trump dealing Friday in Arizona.  This may be his most impressive political speech this election season...[embedded content]

Entertaining to watch all the cognitively under-developed Peterson people having a really bad year now under Trump/GOP administration: Working with substantially higher funding limits, thanks to this spring’s two-year budget deal, Congress' spending leaders have fought about how and where to spend an extra $300 billion — not what to cut — making the Obama administration look like an era of austerity by comparison. “Budgeting was supposed to mean: If you want more of something, you have...

Still doesn't sound like the fiscal intervention they really need.PBoC guy talking more monetary policy, securities regulator talking reducing some red tape there, bank regulator pointing to fundamentals, high government official saying their market has become cheap.Weak sauce.. So far Xi Jinping’s government appears to be taking a middle road, voicing support for the market while stopping short of large-scale intervention.  People’s Bank of China Governor Yi Gang said in a statement on...

I don't know much about this site, which could be libertarian as it has articles about Bitcoin and Litecoin, but it's very anti-war. This might be an opinion, but it seems plausible to me in the world of the ruling elite who have no morals, ethics, or humanity.  It's all about dough! Lizard people! However, there is considerable evidence pointing to the fact that the U.S.’ response to the Khashoggi affair is likely to be determined, not by any Saudi government responsibility for Khashoggi’s...

Interesting! And it can be run on green energy. Trains as fast a jet planes, but passengers can turn up as and when they wish to travel, while hyperlink stations can be placed within cities, just like with ordinary trains.The end of polluting aircraft, at least across countries and continents. [embedded content] Hyperloop represents the greatest leap in transport infrastructure for generations. Here we explain the concept that's about to revolutionise our world.