Mike Norman Economics

Important geopolitically.GeopolitikaChina and Multipolarity Leonid Savin Translated from Russian by Jafe ArnoldSee alsoReutersEU must grasp world role as U.S. retreats, Juncker says Alastair Macdonald

Steve Keen says how we are just selling old houses to each other and not putting our money into designing products and services that people want which would help the economy. And  people are so loaded with debt that they have no purchasing power which also drags down the economy.Steve Keen says that the banks have created a ponzi scheme and people have even been encouraged to take on interest only mortgages by telling them their houses with double in value in 5 years and so they well get...

Because "shareholder value." [Nirmal Mulye, chief executive of Nostrum Laboratories,] told FT he agreed with Martin "Pharma Bro" Shkreli raising the price of AIDS and cancer drug Daraprim in 2015 from $13.50 to $750 per tablet, saying he was "within his rights because he had to reward his shareholders." We live in a "capitalist economy and if you can't make money you can't stay in business," Mulye said. "We have to make money when we can. Appropriately, nirman means "no mind."The Week...

This is Part 3 (and final) of my series responding to an iNET claim that Modern Monetary Theory (MMT) and mainstream macroeconomics were essentially at one in the way they understand the economy but differ on matters of which policy instrument (fiscal or monetary) to assign to counter stabilisation duties. In Part 1, I demonstrated how the core mainstream macroeconomic concepts bear no correspondence with the core MMT concepts, so it was surprising that someone would try to run an argument...

The current Deep Throat War is more like the case of a fractioned Deep State out for revenge on Trump via its media arm. The one-two tie-in – Woodward’s book and the “resistance” Op-Ed – looks increasingly like a sophisticated psy-ops – a prelude for a Deep State white coup.... It would be hard to dismiss the President when he says: “I’m draining the Swamp, and the Swamp is trying to fight back.” It would be hard to dismiss the President when he says: “I’m draining the Swamp, and the...

Longish but important.  Downloadable as a PDF. Scroll down to the end.Donella Meadows ArchiveLeverage Points: Places to Intervene in a System Donella Meadows ht Roger Erickson

Caitlin Johnstone — Rogue JournalistAs Things Heat Up In Idlib, Remember: The US Empire Has A History With False Flags Caitlin Johnstone MintPress News White Helmets Currently Staging “False Flag” Chemical Attack in Idlib  Whitney Webb Center for Citizen InitiativesRussia 2018: Sevastopol Mike Metz, a member of CCI’s current AMMR delegation FAIR — Fairness & Accuracy In Reporting ‘Maverick’ Media Use McCain Funeral to Shore Up US Imperialism Gregory Schupak ReutersRussia the...

Gary Cohn mocked Trump for saying print money to get out of debt. But that’s exactly how it works.

"We will ban its judges and prosecutors from entering the United States. We will sanction their funds in the US financial system, and we will prosecute them in the US criminal system," Bolton said."We will do the same for any company or state that assists an ICC investigation of Americans." This is the perfect example of a dominance-submission model that is characteristic of the instinctual behavior of brutes contrasted starkly with the rationality characteristic of human beings,...

A bit wonkish (but no math), but interesting if you are into interest rates and how they affect the economy.Bond Economics No More Neutral Rate?Brian Romanchuk