Mike Norman Economics

Nikki Haley says Nicaragua is run by a dictator and the US needs to intervene on humanitarian grounds to save ordinary people who are suffering under its murderous regime. But the liberal interventionists said the same thing about Libya and now look at mess the  country has been left in?  I don't  know how Nikki Haley can get up on the world stage and lie so blatantly. Perhaps these people really do believe that if you open everything up to US style free market capitalism then everything...

Euroasianist ArchiveTuran: The Key to Understanding the Russian Logos Alexander Dugin Translated from Russian by Jafe Fort Russ NewsRussia challenges the US to highlight where there are chemical weapons in Syria – US remains SILENT Syrian general: Israel always attacks Syrian Army to defend jihadist allies Paul Antonopoulos Zero HedgeNikki Haley: “US Will Not Remain A Passive Observer As Nicaragua Becomes Another Venezuela Or Syria” Tyler Durden Fort Russ Daniel Ortega tells the US...

I got this from PCR's site. It's really good, reprinted in full. The New York Times as IagoUndermining Peace Efforts by Sowing Suspicion By Diana Johnstone The New York Times continues to outdo itself in the production of fake news. There is no more reliable source of fake news than the intelligence services, which regularly provide their pet outlets (NYT and WaPo) with sensational stories that are as unverifiable as their sources are anonymous. A prize example was the August 24 report...

Economists exaggerate the risks. We’ll never design a better welfare system if we don’t try it When I was very young my dad became very ill and couldn't work anymore and we ended up on benefit. My mum did used to do a part time job but had to give it up as she could not earn enough to look after us and also, she had to look after my dad and two children. The benefit was very low and my mum told years later that we were often hungry, so it was lucky that my friends and myself were always...

Accolades are pouring in!

The president's "trump card" is the war card.The National InterestThe Coup Against Trump Curt Mills | foreign affairs reporter at The National Interest, where he covers the State Department, National Security Council, and the Trump presidency.

Will the war in Syria never end? Will the international proxy war and stand-off between Russia, the United States, Iran, and Israel simply continue to drift on, fueling Syria's fires for yet more years to come?  It appears so according to an exclusive Washington Post report which says that President Trump has expressed a desire for complete 180 policy shift on Syria.  Only months ago the president expressed a desire "to get out" and pull the over 2,000 publicly acknowledged American...

Labour surges ahead in recent polls. If the election was left solely to 18 to 24 year old group they would not elect a single Tory as all they have ever known is austerity. In the newspapers today the Tories pledged to revamp the railways to ensure they provide a better service because they are afraid Labour could win the election by saying they will nationalize the rail service. [embedded content]

Muscular dollar metaphors are popping up all over. I remember the last time that happened.

Abstract An increasingly visible school of heterodox macroeconomics, Modern Monetary Theory (MMT), makes the case for functional finance – the view that governments should set their fiscal position at whatever level is consistent with price stability and full employment, regardless of current debt or deficits. Functional finance is widely understood, by both supporters and opponents, as a departure from orthodox macroeconomics. We argue that this perception is mistaken: While MMT’s policy...