Mike Norman Economics

Could Trump be talking ultra tough to get a better deal with Iran like he did with North Korea, or could this blow out of control as the military-industrial complex would like as it would be good for sales? [embedded content] Tucker: We are moving toward confrontation with Iran. That should worry everybody, but it should especially concern the president’s supporters. If President Trump decides to go to war with Iran, it will destroy his presidency, just as the Iraq War destroyed the...

We're on our own when it comes to the climate and the environment as big money does all the talking. China is developing green energy back at home to try to clean up its environment but is promoting coal fired power power stations in Africa to support its ailing fossil fuel industry which has been affected by China's clean energy regulations. India, which is trying to reduce it's own carbon footprint, is doing the same in Africa too. And Putin has also muscled in on Zimbabwe's dodgy...

In my analysis of the UK fiscal statement that George Osborne released on March 23, 2011 – I don’t wanna know one thing about evil (April 29, 2011) – I noted that the imposition of fiscal austerity in Britain meant that any hope of growth was really dependent on a combination of export growth and household consumption growth. With the former source unlikely and household income growth sluggish (and falling in real terms), households would have to run deficits, which necessitated running...

                                                            When you get to be leader of a country one of your main jobs seems to be selling armaments made by your country's arms manufacturers. Trump is a master salesman and he is saying that the US produces the world's best weapons. Hmm, but not as good as the Russian ones which cost far less to develop because their nationalised arms manufactures are not trying to extract as much money as possible out of the Russian public like Western...

The liberals hate Trump so much that they are now suffering from Trump Derangement Syndrome, says Professor Stephen Cohen. Trump stands for everything they hate; his tearing up of environmental regulations; his  disregard of global warming; his backing of the corporations; his tax cuts to the rich who don't need anymore money; his nationalism and his alt. right supporters. Yep, there's plenty to hate about Trump, but now the liberals have sided up with the corrupted corporate Democrats and...

It was 129 degrees Fahrenheit.

Economic warfare is heating up. Can kinetic warfare be far behind?TASSSanctions Against Russia Do Not Work, New Measures Should Be Introduced - US SenatorSee alsoThe imperialist powers feeling their oats.As Peters sees it, the economic war is aimed at China.Hey, make up your mind, is it China, or Russia, or Iran, or Venezuela, or Cuba, or ? — anyone refusing to become either a US puppet state, a vassal paying tribute (like European countries), or a colony being exploited.Looking more and...

Long, but you probably want to read through it.What happens when the next one hits. That's the great thing about capitalism — you know it is coming; you just don't know when and how bad. If the next one is a big one, all bets are off whenever it hits. American BankerThe crisis isn't over Victoria Finkle | deputy Washington bureau chief

It has been long argued that American income inequality was, in the past 40 years or so, exceptionally high compared to other OECD countries. The latest results available by Luxembourg Income Study that harmonizes income concepts across countries show inequality in disposable (per capita) income in the US to be 41 Gini points, that is, higher than in any other similarly rich country (Germany’s Gini is 32, British 35, Italian 35, Dutch 28). So, this part is not controversial.What is more...

Thousands of years ago, money was a means of debt payment, archaeologists and anthropologists say. Useful summary of the history.Science NewsConflict reigns over the history and origins of money Bruce Bower