Mike Norman Economics

For your weekend listening.Open CultureAretha’s Franklin’s Pitch-Perfect Performance in The Blues Brothers, the Film That Reinvigorated Her Career (1980) Josh Jones

More than forty years ago, Nobel laureate Friedrich von Hayek published a small book in which he called for the “denationalization of money.” For him, high inflation rates in all countries were proof that states were abusing their monopoly on issuing banknotes, and that only private money in competition could guarantee stable money. Hayek was more concerned with the regulatory principle of competition than with the question of how a competitive monetary system could be concretely shaped....

Oh please don't leave us all this Maine Lobster to eat! Oh no Chinese hacker USD zombies don't leave us all this Maine lobster to eat all by ourselves!!! Nooooo!!!!Some news from Maine: Beijing is making it impossible to import US lobster in China https://t.co/OBBqcfxP9u— Heather Timmons (@HeathaT) August 16, 2018

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...