Mike Norman Economics

Now the imperialist colonizers are afraid of being colonized by China rising. What's that about what you sow, so shall you reap?James Petras WebsiteImperialists’ Fear and Loathing. . . of being Colonized James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova ScotiaSee alsoSputnik InternationalChina Seeking Both Economic and Military Dominance by Use of AI – Prof

Turf wars.Sputnik InternationalFormer Trump Strategist Bannon Warns GOP Candidates Against Kochs' 'Toxic' Money

CENTCOM on it:"We are aware of the increase in #Iran naval operations within the Arabian Gulf, Strait of #Hormuz and Gulf of Oman.“ – Navy Capt. Bill Urban, CENTCOM Spokesman @US5thFleet https://t.co/e0hDa5CANb— U.S. Central Command (@CENTCOM) August 1, 2018 This comes after this last week: The Saudi government said it has suspended oil shipments through the Red Sea after Yemen-based, Iran-aligned Houthi rebels attacked Saudi oil tankers. pic.twitter.com/KeZ7ZMpAdo— The Epoch Times...

"We had to destroy the place to save it."Defend Democracy PressCoalition forces killed more civilians than Islamic State, study finds Anne GullandSee also Israel wants to be ‘darkness unto the nations’ — to remove the mask so as to reveal the ugly face of ultranationalist Israel in all its repugnance Nation-state Bill Heralds the End of Israel as a Jewish, Democratic State Mordechai Kremnitzer

In fairness to the Democrats, they likely saw it as payback for the attackers on John Kerry's military recored and the Obama birther conspiracy theory that Trump backed at least obliquely. Then the GOP Never Trumper's jumped on board, too, followed by some US intel chiefs aligned with one of the above. Those who know American history know that this is an American tradition. There's nothing new under the sun. All's fair in love, war — and politics.And it was not just to crush Trump...

The real reason behind the push for censorship of social media. I’m not a great fan of Marxist philosophy, but one thing it has got right is the need to be sceptical when faced by what academics like to call ‘normative’ claims, and to be aware that such claims often hide a bid for power. When faced by such a claim, one should always ask ‘Cui bono?’ – who benefits?... Not just Marxist philosophy. Anyone with a working crap detector knows this intuitively. It's just being...

This is big news and potentially market altering in a not so obvious way.

David Andolfatto recently published "Reconciling Orthodox and Heterodox Views on Money and Banking," which discusses the theoretical split between recent mainstream thinking and heterodox views on banking. From my perspective, he is addressing heterodox critiques of mainstream thinking that I am not particularly interested in; in fact, based on his criteria, I would be closer to "mainstream" than "heterodox" -- as would possibly be Hyman Minsky. I would view the problem with mainstream...

So how does Mankiw answer the question he raises in his first sentence: “What caused the financial crisis of 2008?” He does not answer it. He not even explain why he does not answer his own question. New Economic PerspectivesMankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”William K. Black | Associate Professor of Economics and Law, UMKC

A key post on MMT. Plus, it is short. Bill Mitchell – billy blogThe government is not a household and imports are still a benefitBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia