Mike Norman Economics

This is Part 2 of a three-part response to an iNET article (September 6, 2018) – Mainstream Macroeconomics and Modern Monetary Theory: What Really Divides Them?. In Part 1, I considered what we might take to the core body of mainstream macroeconomics and used the best-selling textbook from Gregory Mankiw as the representation. The material in that textbook is presented to students around the world as the current state of mainstream economic theory. While professional papers and policy...

When many people thought that the newly formed Israeli state was liberal, Einstein and many other intellectual Jews thought otherwise. KV. Albert Einstein’s 1948 letter to the New York Times If we want to understand the real history of the Israeli/Palestinian conflict, we can turn to a trustworthy Jewish source: Albert Einstein. Einstein was a humanitarian and peace activist, in addition to being one of the greatest scientists of all time. What did this extremely intelligent, wonderfully...

The world has gone crazy: PCR warns of dire consequences if Washington attacks Assad's forces. Why does the U.S. persist in this crazy idea, how can they be so mad, they must be completely divorced from the real world, being run by crazed Neocons. This is the last half of PCR's article. KV.  On top of Cheney’s coup against accountable government, we have in America today another coup, organized by former CIA director John Brennan, former FBI director Comey, deputy attorney general Rod...

The Guardian had an article the other day saying how Assad has tortured and murdered hundreds of people in his prisons and this crime cannot go unpunished. Who knows if it's it not, but in times of war crimes are committed by all sides. So, was the Guardian saying that we must support the Jihadist terrorists in their fight against Assad, who, if they win, will cause a bloodbath and turn the country into another Libya?  And who started this war, the Guardian must know it was Saudi Arabia,...

Forget about the Mueller investigation. It is irrelevant. Trump’s Presidency hinges on what he does in Syria in the coming weeks. The choice is unambiguous. Maintain his commitment to non-intervention that spills over into nation building or start acting like George W Bush and Barack Obama. Either Trump meant what he said during the campaign or he was lying. He has no middle ground here. Part of the problem afflicting Donald Trump is his reliance on his media image as a tough, hard nosed...

The impetus for the current U.S. offensive against the ICC is that its judges are currently considering whether to authorize the prosecutor to investigate alleged war crimes committed in Afghanistan, including by the U.S. military and the CIA. The potential scenario of Americans being prosecuted by an international court for crimes committed abroad is exactly the scenario Bolton and other opponents warned about in the court’s early days. The US is against anything and anybody it does not...

Funny. Trump gets some of the basics of MMT, which the article mentions. Gary Cohn, not so much.Business InsiderBob Woodward book: Gary Cohn was 'astounded at Trump's lack of basic understanding' about the federal debt Bob Bryan

Dances with BearsTHE LOVE THAT DARE NOT SPEAK ITS NAME – THE SECRET IN THE CLINTON-YELTSIN PAPERS WHICH THE KREMLIN SPOKESMAN REGRETS TO SEE EXPOSED IS THE LOVE OF SUBMISSION John Helmer Fort Russ PressNYT LIES! “China Detaining Muslims in Vast Numbers” Dennis Etler Sic Semper TyrannisWill World War III Start This Week? Willie B Edward Curtin — Behind the CurtainA Diabolic False Flag Empire: A Review of David Ray Griffin’s The American Trajectory: Divine or Demonic? Edward CurtinProject...

This just came down as an email, so no link, I'm afraid, unless you want to read it in German. So here it is in full. I thought it was rather good. KV In the autumn of 2008 events unfolded in Wall Street that the crushing majority of people around the world had been led to believe could never occur. It was the financial equivalent of watching the sun spinning out of control soon after it rose above the horizon. Humanity watched on in collective disbelief. The ancient Greeks had a term for...

A group of veteran intelligence officers calling themselves the Veteran Intelligence Professionals for Sanity, have composed an open memo to President Donald Trump, warning of the very real possibility of a US-Russia conflict in Syria. They assert the need for Western voices to call for the remnants of al-Nusra and al-Qaeda to surrender, rather than continuing to support them, and highlight the dangers of accidental escalation should the US (or their allies) attempt to strike Syrian...