Mike Norman Economics

It’s a game changer.

This was on the front page of the Iowa City Press-Citizen yesterday. The article also reported rising sales of bulletproof glass.FortuneBulletproof Backpacks: A Must-Have for Back-to-School in 2018? Brittany Shoot

“There’s a fundamental problem with our economy. For decades, American workers have helped create record corporate profits but have seen their wages hardly budge,” Warren said in an announcement of the bill. “My bill will help the American economy return to the era when American companies and American workers did well together.”... Whether the proposal would actually do that is going to be quite controversial. At least is is about preemption and accountability, which is a step in the...

Of interest.The GuardianGuernsey resident halts roadworks with ancient plea Nadeem Badshah

You knew it was headed here, didn't you?Not just Billary either. John Brennan is being outed as the master mind. Obama up to eyeballs?Bill Browder's story is also weakening in spite of massive efforts to subvert any mention of it in the "news"And curious minds are inquiring, where is Christopher Steele?A friend o famine and no friend of Trump asked this morning whether I thought that Alex Jones was taken down in preparation for the mid-term election because of his reach.Could the worm be...

A gentle call to action — before it is too late.Caitlin Johnstone — Rogue JournalistTake Chances Caitlin Johnstone

Devastating smackdown. Implies the reporters should be fired. I would add, probably the editor responsible as well.Want better news? Demand accountability for fake news, lies, and reputational smears.The National InterestWhy Bloomberg Got It Wrong Paul J. Saunders | Executive Director of the Center for the National Interest and associate publisher of the National Interest, and a State Department Senior Adviser during the George W. Bush administration

One of the problems with many theoretical approaches to the business cycle is that there is an implicit bias towards a manufacturing economy. The modelling of business sector decision making for manufacturing is quite different than for the service sector. This matters, as the developed economies are increasingly services-driven (figure above). For consumer-facing service industries, output is largely demand-driven. This fits much better with the post-Keynesian approach. This article is...

This is my short Wednesday offering, which will be quite short considering the last two days have been (necessary) epics. My three-part series created somewhat of a social media storm, which means people are interested in the topic and I think that is healthy. Democracy is strengthened if people educate themselves and contest propositions that are abroad in the debate. But, as I noted yesterday, social media storms have a way of getting out of control and out of the realm of being...

This is the third and final part of this series…. Bill Mitchell – billy blogMMT is just plain old bad economics – Part 3Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia