Mike Norman Economics

Before we discuss investment strategies, we first need to decide what our ultimate objectives are. When we are investing, the two usual objectives is that we are either attempting to achieve maximum returns, or we are matching against liabilities, using a broad sense of liabilities. A boring non-levered bond portfolio is a reasonable choice for liability matching, but it is much harder to see how it fits within a pure returns maximisation view.... Bond Economics Liability Matching Versus...

Zero HedgeUS Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be "An Act Of War" Tyler Durden Reminiscence of the Future Just WOW. Andrei Martyanov Sputnik International AfD Becomes 2nd Most Popular Party in Germany After Merkel's Bloc - PollTom LuongoSpeaking to Russians and Trump’s Mad Method Tom Luongo Sputnik International UK Unveils Strategy to Defend Arctic in Light of Alleged Russian Threat

Tim Berners-Lee - modern hero. The guy who really invented the Internet and is now engaged in re-inventing it so that it becomes more like the tool he envisioned but got hijacked on the way.Medium One Small Step for the Web… * Tim Berners-Lee | Founder and Director of W3C, the Web Foundation and the Open Data Institute, and now Solid and inrupt. * Reference to Neil Armstrong, "That's one small step for man, one giant leap for mankind," as he took the first step by a human onto the...

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