Mike Norman Economics

See how Trump lied. He spoke up for everyday people but as soon as he got in he enriched the aristocracy with tax cuts. Also, the Koch brothers would love things to heat up with Iran as this could push the price of oil up to $250 per barrel.It just goes to show that voting doesn't change much, unless in the UK Jeremy Corbyn gets in, but they will surround his government with controversy to snooker it. [embedded content] Part 2 of Paul Jay and Aaron Mate’s interactive discussion with...

Some people come to me thinking I’m the system fairy. I’m not.

I recently put out here two Nomi Prins videos about her new book, so do we need another one? Well, all I can say is that I found this riveting like the others so I think you will enjoy it too.Nomi Prins says how the central  banks created money out of thin air when they did quantitative easing but the banks and corporations used much of the money to buy back their shares and raise asset prices rather than invest in their businesses, or society. Now one day all this money will need to be...

China is finding its way alone as new type of socio-economic system on the scene that also has to interact with the current world order. It's doing all right, and even great as far as development economics goes. Project SyndicateHow Cities Are Saving China Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, former chairman of the Hong Kong Securities and Futures Commission, and...

If you are interested in Marx.Speaking as a philosopher commenting on Marx as a philosopher more than he was an economist, I think that Matias Vernengo gets is about right. He is in agreement with John Kenneth Galbraith on it.Marx was a materialist ontologically. He had written his doctoral dissertation on Greek materialism.  He looked forward to occupying a chair in philosophy at a university as a career. His political activism obviated this, and he was forced to go into exile to more...

Elevated levels of government spending driving everything. Inflation to pick up.

From Mike's latest: Total spending for the fiscal year thus far thru August 24, $4.3T, up $158 bln over last year and growing at 3.82%. This is the largest y-o-y positive gap so far and growing at the fastest year-o-y rate.  Corporation Taxes, $206 bln, down $53.5 bln...down from the tax cuts... Bank credit up $12.4 bln to $12.795T, the highest in 3 weeks. The growth rate held steady at 3.7% y-o-y. Loans and Leases in Bank Credit, up $5 bln to $9.382T. The growth rate ticked up to...

The mass murderer, John McCain, is considered to be a hero. Murder one person and you go to prison, murder millions and you become a hero. Lockheed Martin had some nice things to say about John McCain.What gets me is how the hell did John McCain end up in the Democratic Party? It just goes to show you they are as bad as each other.  There is no democracy - in every society it is the aristocracy that rules.  KV Caitlin Johnstone warned us that the liberals were going to make a hero out of...

Jimmy Dore shows your the real John McCain, except it was no secret, so why doesn't the media tell us the truth? John McCain sings, Bomb, bomb, bomb, Iran, and the audience laughs. Well, McCain won't be found in Heaven. When Margaret Thatcher died lots of people in Britain sung, Ding dong, the witch is dead. [embedded content]

This gives your some idea of how the world works. It it's truly evil. I often try to figure out what goes through the minds of the powerful and the elite, are they simply psychopaths? Money is the root of all evil, says the Bible.  I once said to a Quaker friend that evil was rare, and he said lots of Quakers believe that, but evil is everywhere and was real, he added. I didn't believe him but know I know he was right.  I don't know how PCR and Steven Lendman sleep at night with what they...