Mike Norman Economics

Warren Mosler recommended this saying it had good quotes from Stephanie Kelton. Some people say that Warren Mosler did not develop MMT for left wing politics, but he seems to like what Stephanie Kelton has to say about public spending. Pelosi’s planned legislative package for the beginning of a potential House takeover would include establishing ethics and lobbying reforms, lowering the costs of health insurance premiums and prescription drugs, and spending $1 trillion for infrastructure...

Are the public being primed for a mass bombing of Syria? No need for chemical weapons, the public has been taught that the Assad government is evil. The US regime is going to cause more mayhem and destruction.  New US policies for Syria Without fanfare the US has just reformulated its position to create the conditions for it to launch devastating strikes on Syria no longer just on the pretext of alleged use of chemical weapons but on any ‘humanitarian’ pretext the US sees fit. In...

Must-read. It is not only worth reading but also studying.Samir Amin, recently deceased, was an Egyptian-French Marxist economist. The analysis presented in this post is spot on.It reveals the plan of West (US) since China's "opening up" under Deng, and now the Trump Administration in particular, to submit the Chinese economy and therefore China to Western (US) domination both economically and politically."Liberalization" is a trap. Europe fell into it, although the UK wisely refrained from...

What should the purpose of studying the history of economic thought be? Piero Sraffa explains it.The post is short and important in the study of history of thought, not only economic thought.Sraffa's answer is consistent with Randall Collins, The Sociology of Philosophies: A Global Theory of Intellectual Change.Naked KeynesianismOn Sraffa and the History of Economic ThoughtOpening comments, "Roundtable on Sraffian Economics as Part of the Radical Political Economics Tradition," URPE 50th...

I watched a number of videos this morning but Jimmy Dore is again concise and to the point. Anyone anti-war is called a conspiracy theorist, says Jimmy Dore, and they are never interviewed on the MSM; the public just gets a pro war narrative. [embedded content]

The perception in Russia and China ab0ut US sanctions is that US policy is based on the assumption that to keep America rich and in the drivers seat of the global economy countries must be kept poor. They view sanctions as anti-competitive, designed to perpetuate American monopolies.Strategic Culture Foundation‘It’s the Economy, Stupid’: What Really Drives US Sanctions Against Russia Arkady Savitsky See also at SCF Thus, the State Department must now be considered a party to triggering...

MMT gone viral! The cat is out of the bag. The last mile is closing fast now.BoingBoingModern Monetary Theory: why government spending isn't like household checkbooks Cory Doctorow BloombergEconomists Who Want You to Rethink the Deficit Gather in Downtown NYC Jeanna Smialek

French “Supercop” accuses the Main Directorate of Intelligence of the Ministry of Defence of Ukraine and their US instructors. Earlier this year, noted French counter-terrorism and personal security expert Captain Paul Barril was invited to visit the Donetsk People’s Republic (DPR). The intention of the planned visit was to consult with the DPR’s Prime-Minister, Alexander Zakharchenko, on issues of protection and personal security. However, before the two men could meet, Mr Zakharchenko...

Something a little different for MNE's, but it has a good message about the quality of life.Hamish Miller had started a furniture businesses as he was good with his hands and at design, but the business grew until he had about 500 staff and then he spent all his time worrying, trying to find enough work for his staff. He thought nothing of it, just accepting this is how life is, until he saw a beautiful sunset one day where he felt he had no time to look at it, but then he thought, hang on a...

Mike Tyson became a vegan when his health problems were really bad. He had a congested heart, high blood pressure,  arthritis, and his brain was messed up because of too many drugs, but it all got cured when he went on a vegan diet. But recently he said he's not a vegan anymore.  He says he's not wealthy now, but he has wealth in other ways, like the love of his family and his love for life. He seems like a nice guy.  [embedded content]