Mike Norman Economics

Supply and demand!!!! Too much milk is hurting India’s already distressed dairy industry https://t.co/A0xWnpQZAh pic.twitter.com/WZcbj7yBYi— Blimling&Associates (@Blimling) August 14, 2018

More bad news:*U.S. JULY RETAIL SALES RISE 0.5% M/M; EX-AUTOS UP 0.6% https://t.co/UCBafs1RgS pic.twitter.com/Z6bxI1eGOc— Bloomberg Markets (@markets) August 15, 2018

Ya think?What to expect when provoking a dragon in its lair. Same with a bear. Provoking a dragon and a bear at that same time is, how would you say? The report said that while the PLA had continued to extend operations, it was not clear what message Beijing was seeking to send by carrying out the flights “beyond a demonstration of improved capabilities.” I'd say the message is loud and clear. But apparently the geniuses at the Pentagon know somethings I don't.ReutersPentagon says China...

The British Lion softened capitalism with welfare initiatives. He wasn't afraid to achieve conservative ends through progressive means. I remember reading in the Guardian a long time ago about a leading Tory who said that the British welfare state and the National Health Service were created to ensure that Britain had men fit enough to fight in a war, especially one with Russia. I  wouldn't be surprised that there was nothing compassionate about Compassionate Conservatism, but maybe I'm...

Important for understanding sanctions as economic warfare. They are neither efficient nor effective unless dependency is high, which Russia's is not relative to the US especially and the West in general.What is happening is "regionalization" toward the Global South and East, which portends eventually to isolate the West.Unfortunately, this make the transition from the use of economic and hybrid warfare to kinetic warfare more likely as the US views itself as losing global hegemony as "soft...

[embedded content] [embedded content] [embedded content] CNNHow Aretha Franklin energized two social movements with one hit song Brandon Griggs, CNN

Backgrounder in the history of the development of liberalism. While it written from a Libertarian point of view, it is useful in understanding the historical background. For a more thorough treatment although still a summary backgrounder, see the entry on liberalism at the Stanford Encyclopedia of Philosophy. Where it falls short is assuming the John Locke somehow discovered the foundations of genuine liberalism, when the fundamentals emerged in ancient Greece and where treated...

MMT. Claire Connelly — Medium What are taxes actually for? Claire Connelly | Lead writer @ Renegade Inc. Founder of Hello Humans

There are over 1.1 billion websites on the internet, but the vast majority of all traffic actually goes to a very select list of them. Google.com, for example, has an astounding 28 billion visits per month. The next closest is also a Google-owned property, Youtube.com, which brings in 20.5 billion visits. Today’s infographic comes to us from Vodien, and it lists the 100 highest ranking websites in the U.S. by traffic, according to website analytics company Alexa.... Visual CapitalistThe...

Hysteria reigned supreme after the first round of US sanctions were reinstated against Iran over the past week. War scenarios abound, and yet the key aspect of the economic war unleashed by the Trump administration has been overlooked: Iran is a major piece in a much larger chessboard. The US sanctions offensive, launched after Washington’s unilateral pullout from the Iran nuclear deal, should be interpreted as an advance gambit in the New Great Game at whose center lies China’s New Silk...