Mike Norman Economics

IG Horowitz is adopting a very narrow legal interpretation while opting to give DOJ and FBI officials the benefit of the doubt. In other words, unless he was presented with "documents" or "testimony" that political bias was influencing decisions, Horowitz decided to assume that everyone was acting in good faith. I suspect this was introduced into his draft by DOJ and FBI reviewers who were alarmed at the obvious conclusion an objective reader would reach if they only read the facts-the DOJ...

Neo-classical economics doesn’t offer useful insights for disruption. EvonomicsHow Changing My Economic Model Made Me a Climate Change OptimistAnthony Patt | Professor of Climate Policy at ETH Zurich, the author of Transforming Energy: Solving Climate Change with Technology Policy (Cambridge Univ. Press 2015), and a Coordinating Lead Author for Working Group III of the Intergovernmental Panel on Climate Change.

One often encounters assertions that recessions are the result of an excess demand for money (or some variant), based on various equilibrium arguments. Although one could superficially interpret recessions in such a fashion, the issue is that this interpretation does not help analyse the business cycle. In other words, it is a non-falsifiable statement that offers no useful information. In my view, discussions involving "money" or "safe assets" provide us an example regarding the limited...

Read this as though it were about economics rather than religion.OUP BlogRevitalizing the Epistemology of ReligionMatthew A. Benton |  Assistant Professor of Philosophy at Seattle Pacific University

Bias against guaranteed employment plainly evidenced in the report.  This from the IG report out this week where FBI Attorney tries to comfort FBI Attorney 2: Trump's supporters are all poor to middle class, uneducated, lazy POS that think he will magically grant them jobs for doing nothing.  The inspector general cited five FBI officials for anti-Trump bias. And that didn't count the 'FBI Employee' who described Trump voters as 'poor to middle class, uneducated, lazy POS.'...

Pepe gets this absolutely correct. Most US-centric analysts have missed the obvious.  As I wrote previously, this is about the the US getting out of the way while North and South Korea work on a peace agreement and North Korea opens up to the world economy as China did under Deng.  Kim has been wanting to do this for some time, but the US establishment and hardliners in South Korea have been obstacles. Those obstacles are receding under Moon and Trump. Peace in the area is actually in...

Stephanie Kelton figures prominently. Short read.The Guardian — EditorialThe Guardian view on the NHS cash boost: pay for it with deficit spending

Not too much new going on in geopolitics, political economy or economics that is relevant or commentary worth citing.So here are some links of interest for weekend reading and some listening, too.************ It has successfully predicted many particles, including the Higgs Boson, and has led to 55 Nobels so far, but there’s plenty it still can’t account for…. Could the answers to those questions lie in extra dimensions, or string theory, or some other theory that hasn’t even been...

You have to understand how the fed and treasury work together to conduct government financing.

Ohio’s Junk Mail Trick Led Supreme Court to Approve Jim Crow Vote Purge  American stands as a beacon to the world for 'freedom, fairness and democracy' we are told, but the Republicans do everything they can to stop the democratic process.  The neoliberals, the Western ruling elite, do the same all over the world ensuring that Government by the People, For the People, never occurs. KV [embedded content] Monday’s Supreme Court decision blessing Ohio’s removal of half a million voters was...