Mike Norman Economics

Sunday political sermon.Amen.Ghion JournaEt Tu Bernie?Teodrose Fikre is the editor and founder of the Ghion Journal.  See also That the President of the United States is a Russian asset needs to be openly acknowledged. He may be a naive, negligent or unwitting asset, a coerced asset, or a willing and enthusiastic asset, or some combination thereof, but at this point there is no getting around that he is a Russian asset.My readers who have followed me from progressive blogs presumably have...

I'm not an economist, but I do try to work things out, so I was wondering how we could bring some of the industry back to the West, but then I could see there might be a problem with inflation unless we use more automaton.I bought some tee shirts the other day for two for £8, and I wondered about the low wages of the people that made them. Then I had a thought experiment: Imagine if Western companies found another country where all the clothing for the UK market could be made at a fraction...

Apparently, when the film first appeared, there were only 46 views. After our post, it exceeded 20,000. It was then pulled, of course. Here is the new link. Let’s see how long this one will last. Armstrong EconomicsMagnitsky Act is Back Martin Armstrong

Loans to highly indebted businesses — that are packaged into securities — are up 38 percent this year. Was further deteriorating the banking sector a good idea? Whose idea was it anyway? KV Like most people, you probably assume that the level of lending done by banks at any moment is largely driven by how much demand there is from borrowers. But in the world of modern finance, that’s only part of the story. For just as important is the level of demand from investors — pension...

Space wars is here. That should quickly rack up trillions for the "defense" industry aka the military-industrial complex (you remember, the one that Ike warned about).Sputnik International'No Matter What': US Poised to Deploy Space-Based Weapons by 2020 – ReportsSee alsoRussian Defense Industry Reveals Time Frame for Delivery of New Strategic Arms

Traditionalism is on the rise and it's taking a bite out of liberalism. This wave is not unique to Hungary. In an annual speech to ethnic Hungarians in Baile Tusnad in neighboring Romania, Orban portrayed the 2019 European parliamentary vote as decisive for the future of Europe. He said the Western political “elite” of the EU had failed to protect the bloc from Muslim immigration and it was time for them to go. “The European elite is visibly nervous,” Orban told hundreds of cheering...

Things to contemplate while you are at the beach this weekend.TruthdigAmerican Society Would Collapse If It Weren’t for These 8 Myths Lee Camp

Few Americans today understand how the United States came to be owned by a London-backed neoconservative/right-wing alliance that grew out of the institutional turmoil of the post-Vietnam era. Even fewer understand how its internal mission to maintain the remnants of the old British Empire gradually overcame American democracy and replaced it with a “national security” bureaucracy of its own design.... Weekend reading, if you like intrigue.Disclaimer: I can't voucher for the factual claims,...

People always ask me how I come up with interesting and fun analogies to teach MMT. So, I thought it would be fun to address that question. Now then, when you ask that question, you’re basically asking me to describe how my mind works. That’s kind of hard to explain. I do think in very unusual ways, but I’ll give it a go.... Ellis Winningham — MMT and Modern MacroeconomicsHow to Draw Unique and Entertaining Comparisons to Express MMT Concepts Ellis WinninghamSee alsoOn the Use of the...

Pulling a Kissinger. But coming from a country that can't keep an agreement…?And if an agreement were viable, what could go wrong? Bhadrakumar explains.Russia InsiderTrump Has a Grand Strategy, He Wants to Do a 'Reverse Nixon' -- Partner Russia for an Alliance vs China M. K. BhadrakumarSee alsoWhile Trump Has Been Running His Mouth on the New Nuclear Arms Race Russia Has Quietly Taken the Lead Scott RitteralsoLike Chuck Schumer said would happen. "Let me tell you: You take on the...