Mike Norman Economics

There. Someone finally said it.Grasping Reality Caitlin Rosenthal : How Slavery Inspired Modern Business Management Brad DeLong | Professor of Economics, UCAL BerkeleySee also from BDL Economist : Why is macroeconomics so hard to teach?

Summary The US budget deficit is $214 billion in August 2018; this is a net add of income to the private sector and a bumper month. The good news is that dollars are being added to the economy by the Federal government, allowing the private sector to post a $214 billion surplus. Further, net inflows are expected for the rest of the year from the Federal government and private credit growth. Private credit growth is a big surprise, growing strongly despite Fed rate rises. Seeking...

Not MMT, but you may find this of interest. In the context of the radical Macroeconomics Course I am teaching, I was very unhappy with the material available which tries to explain what Keynes is saying. In attempting to explain it better, I constructed an extremely simple model of a primitive agricultural economy. This model has a lot of pedagogical value in that it can demonstrate many complex phenomenon in very simple terms. In particular, Keynesian, Marxists, Classical and...

They were clever people and they thought they were doing some good, but I wonder how much Julian Assange and his associates regret ever getting involved in all this? It's sad. Evil is so powerful.BODØ, NORWAY — The belongings of Arjen Kamphuis, a Dutch cybersecurity expert closely associated with the transparency organization WikiLeaks and its founder Julian Assange, have been foundin Norway, sparking fears that Kamphuis was the victim of a criminal...

Not all "automatic stabilisers" in the economy are due to government policy; there are patterns of private sector behaviour that tend to act in a counter-cyclical fashion. The role of the external sector is an important stabiliser (at least most of the time). This article is a basic primer on the subject.... Bond Economics Exports And The CycleBrian Romanchuk

I'm putting this out again because I think it is timely, and many people new to this site might have not seen it. [embedded content]

In a perfect world we would have a democratic government run by the people for the people, but what if understanding how to run the economy is so complicated that the bankers, who call themselves technocrats, say leave it to us, we will work it all out for you, but instead of working out for us, they rig it for the benefit of the banking class instead?It's the same with medicine; how many people in government are doctors, which means politicians have to rely on doctors for advice, but what...

PCR has put out the Edward Curtin review of David Ray Griffin's book, The American Trajectory: Divine or Demonic? I couldn't stop reading the review right through to the end so I nearly put the whole thing out here, but it's quite long so I decided not to. It's pretty damming: From the genocide of the Native Americans onwards the U.S. has been continuously at war, and the Anglo-American Empire has even been the cause of both world wars. Will it ever stop? Fortunately, both left and right...

When Blue America endorses a candidate, there are several ways we can be helpful to their campaigns, the most obvious being to help them raise campaign funds by connecting them to small dollar campaign contributors. This cycle one of the most valuable other ways we've helped candidates is by connecting them to Stephanie Kelton, America's most brilliant economist. She has been very patient and very helpful with any candidate who wanted to take up he offer. Stephanie is well on the way to...

Caitlin Johnstone — Rogue JournalistTrump Is Still No Closer To Impeachment. At What Point Do Russiagaters Lose Faith? Caitlin JohnstoneINETDouble Whammy: Implicit Subsidies and the Great Financial Crisis Edward J. Kane | Professor of Finance at Boston College AlterNetHere's How Your Unique Behavioral Psychological Profile Is Being Used to Manipulate You Josh Fox NEO New Delhi’s Elusive Role in Washington’s Global Designs Martin Berger Neo De-westernization Continues Apace Through...