Mike Norman Economics

In this post, I will contrast the analysis of foreign trade found in Professor L. Randall Wray’s book “Modern Money Theory” and contrast it to the analysis of foreign trade that logically emerges from Marx’s theory of commodities, money and capital.... A Critique of Crisis TheoryModern Money (Pt 3) Sam Williams

This is live right now. Is Charles Ortel closing in on Hilary, I hope so as it would be nice to see the whole thing go under? This show could on for two hours and TBH I will probably only manage 45 minutes of it. Next month there will be another Sunday with Charles where he will be saying he is definitely closing in on her now, and so on; but one day hopefully he will nail her.These guys are very conservative, so it's interesting too see their point of view, but I despaired at their...

Russia getting ahead of the news cycle. RT ‘Foreign specialists’ may stage chemical attack in Syria in 2 days to frame Assad – Russian MoDSee alsoMoon of AlabamaSyria Sitrep - The Build Up For The Idleb CampaignSee also The Vineyard of the SakerWhat Bolton needs to understand about Russia and historyR. H. Auslander

More horrible news here, this really stinks:Atlanta Fed Releases Latest 3rd Quarter GDP Estimate - a Whopping 4.6%!! https://t.co/5K3QHfM5aZ via @gatewaypundit— UlricHubertRainard23 (@HubertUlric) August 26, 2018

More bad news I'm afraid...The S.&P. 500 closed at a record high, reflecting investor faith in a single fundamental fact: Big American companies are making lots of moneyhttps://t.co/v07qHkBgL4— The New York Times (@nytimes) August 24, 2018

False flag operation underway? Trump so weakened that he is out of the picture on this? Sic Semper Tyrannis The White Helmets are saddling up for another ride Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in...

I thought this episode of the Keiser report was quite interesting. In the first half Max Kaiser says how CNN have named the makers of the bombs that recently fell on Yemon, most of which were American companies. He then goes on to talk about America's drug addiction problems and accidental overdose epidemic which he puts down to the misery that many Americans now live in, rather like in Yeltsin's Russia where people were drinking themselves to death. Americans are becoming zombified, says...

MMT. And he also talks about rent extraction! "So why are UK politicians obsessed with balancing the books rather than helping their citizens to lead healthier lives? The answer seems to be that the many UK politicians are strongly influenced by the desires of a powerful financial sector. While a finance sector is important, it is also predominantly a rent extraction industry. It mainly acquires wealth either on the backs of other people’s labour or their debts (interest). Progressive...

Norman Solomon, national coordinator for the progressive advocacy group RootsAction.org, which had lobbied on behalf of superdelegate reform, said he was skeptical that the power structure of the party would actually move on the issue. "But it moved in a big way today — because of grassroots power," Solomon told Common Dreams in an emailed statement just after the measure passed. "The sustained groundswell of progressive outrage, agitation, activism and organizing since 2016 forced...

Update on what's happening with negations among the US, China, and North Korea.Moon of AlabamaTrump Ties North Korea Talks To Trade Deal With China b