Mike Norman Economics

AntiWArThe Final Truth of Russia-gate Justin Raimondo Tom Luongo Lil’ Miss AIPAC Nikki Haley Ends Her Reign of Terror at the U.N.New StatesmanNikki Haley’s advice to an anonymous official offers a clue to her resignation Sophie McBainThe American DreamAmericans Are More Radicalized Than Ever As The Country Literally Spirals Toward Civil War Michael Synder Liberty Blitzkrieg Americans are Stuck in Abusive Relationships with PowerMichael Krieger

Eurasia FuturePakistan Hits Back at Hybrid War Plots by Restricting Hostile International NGOs Andrew KorybkoFort Russ News Assad: “This is the Reason for the ‘Hysteria’ around Idlib”, U.S evacuates ISIS terrorists Paul AntonopoulosIntel TodaySalisbury Incident — Was “Novichok Killer” Driving License Photoshopped? L BloombergChina-U.S. Tensions Flare in Testy Pompeo Visit to Beijing Bloomberg News Defense BlogNATO’s biggest exercise since Cold War is to test alliance readiness and...

Andre Vltchek says Singapore is a social democracy where its citizens have one the highest standards of living in South East Asia, if not one of the highest in the world. It has subsidized healthcare, state educating, and subsidized, very efficient public transport. The countries around Singapore are turbo capitalist, much approved of by the West, but they have very high levels of poverty.Andre Vktchek says that Singapore has very low corruption, and excellent social policies. It has...

I don’t have much time today as I am travelling from Lisbon back to London for a series of meetings. My next public speaking engagement is on Saturday in Germany (see below). But I read an interesting report yesterday, which confirms the belief that Germany is a long way from ever permitting any wholesale reform of the Eurozone, along the lines necessary to make it functional. The research paper – Attitudes towards Euro Area Reforms: Evidence from a Randomized Survey Experiment – was...

Stripped to its essence, the Brazilian presidential elections represent a direct clash between democracy and an early 21stCentury neofascism, indeed between civilization and barbarism, writes Pepe Escobar. I would say that the future of Western democracy is being played out in the US and UK, and it doens't look like a bright one.On the other hand, the West has never been democratic in the sense of rule of, by and for the people. All Western nations have been either monarchical or...

Looks like they are (to them) 'helping' by adding reserves for banks to "lend out!" and crashing the whole thing just like the US did in 2008: The benchmark Shanghai Composite Index fell 3.7% on Monday, its biggest single-day loss since June 19. Its smaller and tech-heavy counterpart in Shenzhen fell 3.8%. The losses were broad-based, and included banks, real-estate developers and tech stocks such as ZTE Corp. that are at the forefront of the escalating U.S.-China trade spat.  The...

This a brilliant explanation of how the British fiscal system works, and probably the American system is similar, I would have thought. Ann Petrified demolishes the myth about left wing governments 'spending other people's money'.Governments either borrow money from their own central banks, she says, or issue bonds to borrow the money from the private sector. This money is then invested into the UK building its infrastructure and public services, etc, creating jobs which helps the private...

Imagine if this was happening in Russia to get someone from Putin's United Russia Party elected, imagine the outcry in the press? [embedded content]  My lawyer had to threaten Georgia Secretary of State Brian Kemp with a federal lawsuit to force him to turn over the names of over half a million voters whose citizenship rights he quietly extinguished. This past week, I released the name of every one of these Georgia voters Kemp flushed from voter rolls in 2017. If you’re a Georgia resident,...

Russia will fight against attempts of other countries to inhibit its activity on the international arena, Russian Prime Minister Dmitry Medvedev wrote in the article for the Voprosi Ekonomiki (Economic Questions) magazine published on Tuesday. "Every time when our country becomes active on the international arena, it always faces hard attempts to hinder us. We cannot ignore these tendencies, and we will actively fight for a good place in world economy and world politics," Medvedev said.He...

I wholeheartedly agree with our newest Nobel Laureate. Quite right that a large chunk of mainstream macroeconomics has made itself irrelevant. I’m not sure about the thirty years estimate as my feeling is that it goes back even further, but that’s an academic question. Regardless of when it started, the bottom line is that we are in a terrible place today. Economics graduate students are increasingly avoiding taking specializations in macroeconomics and our discipline was hopelessly...