Mike Norman Economics

I am only looking for certain types of people. Not everyone can make it.

About strategy and tactics for promoting MMT.Bill Mitchell – billy blogExploring the effectiveness of social mediaBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Is it time to change how banks work? In Australia they are thinking about it. KV Break up the banks, tax banks more than other firms, and lay siege to them with low-cost competition from public financial institutions such as the Reserve Bank of Australia and the Future Fund.  These are some of the ways to bring the banks to heel after the royal commission's disclosures of conflicts of interest, alleged criminal conduct and customer rip-offs to be discussed at the Melbourne Economic Forum on...

I don't see where he gets "hundreds of thousands" unless he's thinking Syria/Russia are going to use WMDs....President Bashar al-Assad of Syria must not recklessly attack Idlib Province. The Russians and Iranians would be making a grave humanitarian mistake to take part in this potential human tragedy. Hundreds of thousands of people could be killed. Don’t let that happen!— Donald J. Trump (@realDonaldTrump) September 3, 2018

Why are socialist programs do unpopular today?  In Europe we are fairly well integrated, so we are less inclined to believe that other people getting benefit, or welfare, don't deserve it. We see the social security system as something like a national insurance scheme, which we all pay into and hope we never have to draw on. It's just for in case things go wrong. This is why I believe there will never be a libertarian society, because even most conservatives want a back up system in case...

I read Jeff Gates book, Guilt by Association, which was a real eye opener, and there was even a chapter on economics in it where he described how supply side economics was an orchestrated criminal racket.Anyway, in this video he describes what an asset is and how they are used in game theory. Which is different to what to what I thought an asset was, which was someone who helped the CIA, or MI6, ect. Anyway, all of us have biases and triggers which the intelligence agencies of other...

Crikey, even Tucker Carlson says this type of capitalism is unsustainable! Amazon employees earn such low money they are on food stamps and housing support, all subsidised by the tax payer, while Amazon doesn't pay any tax. Amazon and Wal-Mart push other companies out of business that do pay tax and better wages, but the journalists on the so called left in the MSM say nothing. [embedded content]

On August 1, 2018, the 10-year Japanese government bond yield, shot through the roof (albeit a very low one). Yields shifted from 0.05 per cent on July 31 to 0.129 on August 1, which was the largest one-day rise since July 29, 2016 (when the yield rose 0.101 per cent). The Financial Times article (August 1, 2018) – Japanese bond market jolted as traders test BoJ resolve – wrote that “traders wasted no time in testing the Bank of Japan’s resolve to loosen its target range for the debt...

I used to think that in the future things would just get better and better, but now I'm not so sure. One day we will be able to live forever, but that might bring about the end of the world. But they will be able to genetically eradicate all diseases, wow! And yet every person could be genetically engineered in the embryo stage to be ultra smart, beautiful, artistic, superb at sports, music, whatever. Well, I'm not sure about that, because the fun comes from competition and getting good at...

Well, this will see me out for tonight. I find Charles Ortel and Jason Goodman interesting because they are so right -wing. Here, they complain about the silicon valley people, Facebook, twitter, etc, for being left wing.Left-wing? Well, that's not my idea of left -wing, especially as they work with the CIA and the military -industrial complex which is hawkish, Dr Strangelove, right-wing to me. Oh, I get it, they want transgender toilets in the military so that makes them left -wing. Is that...