Mike Norman Economics

This tariff increase is probably an example of what Trump will do in the face of any significant foreign currency devaluation: I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time! — Donald J. Trump (@realDonaldTrump) August 10, 2018 Which may cause feedback of further...

Consumerism.Sputnik InternationalIkea Chaos: Opening of First Store in India Causes Stampede, Traffic Jam (VIDEO)

Reading them was another of those occasions when I felt a powerful urge to say, ‘Well, duh!’. Putin, we’re told, only uses force when vital interests are at stake and a cost-benefit analysis suggests that benefits will outweigh costs. Of course! What else would you expect? After all, what’s the alternative? To wage war when vital interests are not at stake and when you don’t expect to end up better off? That would be crazy. … And that’s where this article’s statement of the blindingly...

Max Bluthenthal says how the Neocons haven't got a clue about diplomacy because their actions are actually strengthening Putin in Russia as he had become less popular due to his increasing public payments to pensions and his increasing of the retirement age. Max Bluthenthal says how Micheal Morell, ex CIA, argued that America should arm the jihadists more so they could kill the maximum amount of Russians and Iranians in Syria. Well, I will keep a note of that and bring it up in the...

When you hound the parents of dead children and promote the theory that inter-dimensional “lizard people” are secretly running the world, you relinquish the right to be taken seriously by a lot of people. But this is not about Alex Jones or what he believes. It is about the fact that the Left has willfully decided that massive corporations, working hand-in-glove with government agencies, as we know they do, should be the arbiters of truth and should hold the power to decide what we see,...

Apparently Rand Paul is very close to the president and is providing a voice of reason that Trump is listening to above the cacophony of "experts."The American ConservativeRand Paul Against the World Jack Hunter

The following is part-3 in an open series meant to introduce the basics of modern monetary theory (MMT) and to explore the potential for MMT’s radical model of macroeconomic reality to intersect with revolutionary theory and struggle. In part-1, the basic principles and monetary mechanics of MMT were presented alongside an irresponsibly brief review of money’s evolution from its prehistoric origins to the ongoing failure of orthodox economics to explain how money functions today. Part 2...

I’ve seen this a million times.

Let that sink in. That is throwing down the gauntlet. It's going there. Recall that the US entered WWII as a result of the US blockade of Japan, which Japan interpreted as an act of war and responded by attacking Pearl Harbor. In a sign of how seriously Russia is taking the threat, President Vladimir Putin discussed what the Kremlin called “possible new unfriendly steps by Washington” with his Security Council on Friday. What is especially dangerous is that just about the only Americans...

Short backgrounder on the recent film, "Shock and Awe."How the neocons hijacked US policy with lies.Armstrong EconomicsWhy Did the USA Invade Iraq?Martin Armstrong