Mike Norman Economics

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...

Download it before it disappears. NEO Releasing My North Korean Documentary Film to My Readers Andre Vltchek

“So yeah, we are encouraging people to break the law,” Laufer added. “If you're going to die and you're being denied the medicine that can save you, would you rather break the law and live, or be a good upstanding citizen and a corpse?” Power to the people!MotherboardMeet the Anarchists Making Their Own Medicine Daniel Oberhaus ht Yves Smith at Naked Capitalism

Capitalism is feeling the heat. Wait, wasn't capitalism supposed to bury socialism in competition?  Oh, I see, China is not playing "fairly."ROFLMAO.MERICS — Mercator Institute for China StudiesEurope needs to stand up to China’s state capitalist model Max J. Zenglein

So is Mexico so eager to open talks with the U.S. on NAFTA if it was “the worst deal ever approved” by Washington? A deal that was helping Mexico get one over on their neighbors to the north. The answer likely has something to do with the devastation that neoliberal “free trade” brings with it wherever it goes.  Like most countries before they embraced neoliberalism, Mexico before NAFTA was once home to a diverse and robust domestic agricultural sector, less reliant on imported food and...

Not only Browder but other American predators preying on Russia in the Yeltsin years. Armstrong saw it up close as an investor in Browder's fund, Hermitage Capital.Armstrong EconomicsMagnitsky Act & the Cover-Up of Unprecedented Corruption Martin ArmstrongSee alsoAnother Banned Documentary Hidden from Americans Concerning Russia AlsoWhy is Former Ambassador Refusing to be Questioned by Russians?

A LETTER from the Economic Secretary of the Treasury has confirmed that the government does not need to raise money from taxation to fund government spending, leading to advocates of increased public investment to declare “the magic money tree exists, as a matter of fact”.... The argument goes that the government can only spend what it has raised in taxation, with any additional financing having to be raised through debt from financial markets which subsequently has to be repaid. Former...

Only for those interested in a detailed backgrounder about where things stand now from someone that understands both English and Russian and it acquainted with the sources. Longish, and requires some background already. Dances with Bears The Helsinki Referendum For Donbass – Putin Opts For No-Win, No-Lose; Us Rejects Swap Of Donbass For Crimea John Helmer