Mike Norman Economics

Weekend reading. There are only three entries. Easy read.Ed Zimmer is an engineer and has only recently encountered economics. But I had now picked up an interest in macroeconomics — and started seriously reading many of the economists' blogs and papers. But the more I read, the more disillusioned I became. Having no previous introduction to economics, I initially assumed economists were scientists (and that was reinforced by the math I was seeing). But as I read their blogs and papers...

Ocasio-Cortez’s socialist message is not an incidental part of a larger demographic story. And her socialism shouldn’t be treated as a virus opportunistically riding the vector of her Latina form. Socialism is inextricable from Ocasio-Cortez’s success because it’s the secret behind her ability to do what the Democratic party has long failed to do — articulate a holistic progressive vision for America. Socialism is a framework that supports a belief that a country in which everyone can live...

In a new development that will shock no one, factions within the CIA attempted for the second time in just over a month to undermine President Donald Trump’s peace overtures towards North Korea by leaking information calculated to decrease confidence in Kim Jong Un’s willingness to earnestly negotiate. On June 29, 2018, NBC News released a report quoting anonymous CIA officials who claimed that North Korea was increasing nuclear production at “secret sites” without providing any actual...

The bottom line is that despite the agreement in Vienna, the price of oil, in the short-term, is bound to go up. Analyses by BNP Paribas, among others, are adamant that supply problems with Venezuela and Libya, plus the proverbial “uncertainty” about the sanctions on Iran, lead to “oil fundamentals still…favorable for oil prices to rise over the next six months despite the OPEC+ decision.”... Take-away. Considering that in realpolitik terms Riyadh simply is not allowed any “decision” in oil...

 Deputy Leader 'ashamed' of party's response to Jew hate One by one, Labour Party members could end up getting expelled from the British Labour Party if they ever mention they disprove of Israel's policies. Freedom of speech is being curtailed. Tom Watson says he's glad that Ken Livingstone left the Labour Party. But this which hunt  is really a ploy to remove Jeremy Corbyn as party leader. Just about any self respecting lefty would disapprove of Israel's policies towards the Palestinians,...

The System Fairy will make your dreams come true

Gee, peace with Putin, what's Trump playing at, surely war is better - with thousands of troops lined up at Russia's border? Surely we are better off wasting our money and resources on military expenditure? Peace, of all things, with the risk of billions of lives perishing removed. The liberals are not happy! Trump is a badass!

For years, testimonies have been heard but up until now, no evidence has been published to confirm them. On Wednesday, the Knesset Special Committee on the Disappearance of Children from Yemen, the East and the Balkans were shown photographs that seem to attest to medical experiments that were conducted on Yemenite children during Israel’s early years. In one of the photographs, naked children are seen with scribbles marking where their internal organs are located.This made new feel Ill...

Renegade Inc. say they were there on the ground during the Libyan revolution and the people there generally believed the Western lies that they wanted to liberate them when really what they were after were their resources. Now Libya is a failed state overrun with jihadists fighting for control of Libya's resources. Many thousands have died and millions more driven into poverty, while the West takes no interest and neither does the media.One bit of good news, and I hope he's right, is that Dr...

One indication of the growth of self-employment activity has been the rise in the number of people filing Schedule C income and self-employment earnings in their annual tax filings. This growth has been cited to illustrate the escalation of self-employment and to suggest that Bureau of Labor Statistics (BLS) measures of self-employment are missing an important phenomenon. Tracking headcounts of tax filings, however, does not adequately reflect trends in the economic impact of...