Mike Norman Economics

Sheriff Bill at his best. Long and detailed analysis of liar's loans. New Economic PerspectivesBank Whistleblowers United Told DOJ to use 4506-T as Kryptonite v BankstersWilliam K. Black | Associate Professor of Economics and Law, UMKC

Wow they murdered it. Net income rose to $12.01 billion, or $7,301 per Class A share, from $4.26 billion, or $2,592 per share, a year earlier.  Results also reflected a decline in Berkshire's effective income tax rate to 20 percent from 28.9 percent, following last year's cut in the federal corporate tax rate. #sp500 #nasdaq #DowJones #cnbc #CNBCFastMoney Berkshire Hathaway's profit skyrockets on insurance, other businesses gains https://t.co/k9FUgjUxSX — Yuxing Sun (@SigP226) August...

An extensive new Oxford University study shows that governments, political parties, and NGOs spend well over half a billion dollars around the world to influence elections and public opinion, most of it in a completely unregulated and secretive manner. We speak to the study’s co-author, Samantha Bradshaw…. TRNNOxford Study: Political Data Mining Companies are Manipulating Elections Around the World Sharmini Peries interviews Samantha Bradshaw, senior fellow at the Canadian International...

This is a good Twitter thread and I suggest reading it. I am sure MMT economists will jump in.Here's an excerpt. ...  Brad DeLong: MMT is Abba Lerner's Functional Finance with bells & whistles & some confusions. Manipulate G to stabilize Y & π, manipulate M to get an i to make debt finance sustainable, and rely on π to tell you if your policies are sustainable... If π↑ need G↓  Suresh Naidu: Clearest exposition of MMT in a tweet. Fight me deficit owls!  ... BDL has thought...

Traditionalism versus liberalism.Fort RussNative Brazilian Traditions Against Liberal Globalism Raphael Machado Dr. Charles Eastman was the son of a European American father and Native American woman. He was raised as a Native American (Sioux) and subsequently became a physician. He reported on his upbringing and the culture that was native to him. His works are available for download at the Internet Archive. I particularly recommend The Soul of the Indian.

Basically a good analysis. I would add a few of things that I think he misses: 1. The analysis of the EZ as a failed currency union that is increasingly unsustainable and will implode when the next crisis hits. 2. The objective of the US to dominate the Chinese domestic market with US finance and industry by preventing the rise of Chinese-developed and owned high-services and technology through intellectual property that denies China access to developing its own domestic firms...

The balanced budget paradox is probably one of the most devastating phenomena haunting our economies. The harder politicians — usually on the advice of establishment economists — try to achieve balanced budgets for the public sector, the less likely they are to succeed in their endeavour. And the more the citizens have to pay for the concomitant austerity policies these wrong-headed politicians and economists recommend as “the sole solution.” There are three budget views.1. Balanced budget...

Summary and implications of Goldman Sachs economic research team forecast. On the EconomyTrump 2020 game plan: Fake Laffer, Go Keynes.Jared Bernstein | Senior Fellow at the Center on Budget and Policy Priorities and former Chief Economist and Economic Adviser to Vice President Joe Biden in the Obama Administration

I can't even make this up, notice he doesn't say "better at Art than Science", this is revealing...:My first appearance in a political cartoon, lol. The MMT folks are definitely better at art than economics. :-) https://t.co/dJgXL1F5IO— Jeffrey Brown (@IlliniBizDean) August 4, 2018

You will recognize "fake liberalism" as neoliberalism. He says pretty much what we have been saying here for a long time.Fort RussOp-Ed: Fake Liberalism As A Tool For Trans-Atlantic GlobalistsDenis Churilov