Mike Norman Economics

Lighthearted but serious Patrick Armstrong updates us with links and humor.Russian ObserverRussian Federation Sitrep 19 July 2018 Patrick ArmstrongSee alsoStrategic Culture FoundationThe Establishment Strikes Back Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for SanitySee also Fort Russ The Butina Case: A Tale Of...

Lots of misunderstanding when it comes to the effects of tariffs.

If productivity is plummeting in the workplace, the solution might be simple: Make the work week shorter. One company did just that by experimenting with a four-day work week. The trial was so successful, management is seeking to make the change permanent.... CNBC4-day work week is a success, New Zealand experiment finds Sarah Berger

A perfect example of how free markets can sometimes explode costs. In Europe the government takes care of the healthcare and can negotiate using highly paid professionals to get the lowest healthcare and medicine charges. Where in America, the land of the free, it's down to individuals to figure this out, and most often, it's too complicated to figure out, or can never be figured out, it just remains expensive.Why not have a team of doctorates and top professions figure it all out instead...

Not a priority but of interest if for those who want to know more about how organizations deal with causation by analyzing the concrete in terms of the abstract.  This is related to what Hegel called "concrete universal, and Marx defined as "concrete abstraction." This is the basis of the dialect for Hegel and Marx's adoption and adaptation of it.A Philosopher's TakeCauses in Real Life – How Organizations Perform a Root Cause Analyses (RCA) Mike Steiner | Strategic Initiative Specialist...

Heretics are scorned or worse, but sometimes in history they prevail. However strongly people may disapprove of the president’s other words and deeds, anyone, anywhere across our political spectrum, who wishes to avoid war with Russia—again, conceivably nuclear war—must support and encourage this Trump heresy until it is no longer heresy, until the full debate over reckless US policy since the 1990s finally ensues, and until that approach changes, as should have happened, as Trump said, “a...

The economists' dilemma: If economic methodology doesn't base itself on assumptions common to the hard sciences, like homogeneity, additivity, transitivity, etc, then it won't be considered a real science. On the other hand, if economists ignore reflexivity, downward causation in systems, synergy, and other factors that affect individuals who are socially embedded, its output will not fit reality and it will appear lack empirical foundation, not to mention disappointing raised expectations...

Sputnik and RT reporting on the farce that now taking place in America — which the US media is presenting selectively and in a biased way. Who is "sowing discord."The WeekFBI Director Wray: Russia is continuing to sow discord in the U.S. Catherine Garcia DJT is closing in on the swamp and the critters are freaking. AlterNet'That Would Absolutely Be Grounds for Removal from Office': Democrat Says Trump's Latest Capitulation to Putin Could Lead to Impeachment Cody Fenwick

I've looked at a few videos this morning all good enough to put out here, but I never reached the end of them so I thought maybe not quite, but this video gripped me to the end.Max Keiser  discusses how since neoliberalism was introduced back in 1976 Britain's productivity has gone steadily down and has got a lot worse since 2008. In Britain it takes workers five days what the French produce in four. Max Kaiser says British workers need a pay rise.Max Kaiser says how the government was...

Financial Times reader comment: Everything in the UK is a lie. There is no capitalism. There is no free market. There is no price discovery. There is no free press. Work does not pay. The Bank of England is not independent. The government does not represent the people. Renegade Inc. Tweet - Everything in the UK Is a lie