Mike Norman Economics

A subscriber explains his journey from scared trader to Ninja Warrior.

Since the Government is reluctant to do anything about the problem of low wage growth, Philip Soos suggests ways in which it can be solved. Philip Soos, an Australian economist,  goes over a number of issues but these ones below stood out.  Philip Soos says the ruling elite like mass immigration not because they are nice people who have a benevolent love for mankind, but because it massively boosts their profits. The neoliberal elite can go and live in the wealthy suburbs in houses that...

The mainstream media are making almost no effort today to fit Charlie Rowley’s account of his poisoning into the already ludicrous conspiracy theory being peddled by the government and intelligence agencies. ITV News gamely inserted the phrase “poisoned by a Russian nerve agent” into their exclusive interview with Charlie Rowley, an interview in which they managed to ask no penetrating questions whatsoever, and of which they only broadcast heavily edited parts. Their own website contains...

Having a concise understanding of the monetary system is what MMT gives, but you need mental game, too.

Krugman believes that Trump is threatening to destroy America’s great “empire” and that this is bad, because our country’s “empire” is good and noble. Trump, Krugman suggests, is an aberrant departure from the lofty values and ideals that have guided our foreign policy for most of the past century. Unfortunately, Robinson doesn't cite the warning of the founding fathers about avoiding entangling alliances, and that failure to do so would insert the fledging US into the same politics as...

In previous articles (example), I have been arguing that investment is the major driver of the private sector cycles. (I am using the national accounting definition of investment, and not the act of purchasing financial securities.) We can now turn to the data, and the important question: how are we doing right now?… There are a number of categories of expenditures that are all lumped under the notion of investment. The major categories of interest are: Investment by government (which is...

Bill excoriates the UBI.Bill Mitchell – billy blogThe plaintive, I just want to do my art!Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

George Monbiot has an article in the Guardian today as to why the UK is better off staying in the EU because he says the Brixitors just want to push the UK towards s more corporate, neoliberal system with closer ties to the US. He might be right, but I said in CiF that the EU is neoliberal too. I got some stick for that in the replies so I posted this video by Dr Marek Neuman who captures how the EU is going neoliberal. This is an old video so things are worse now. KVDr Marek Neuman explains...

Unusual to find praise for a radical "Ivy League" leftist in The American Conservative, but here it is. In Defense of Howard Zinn The American Conservative David Masciotra

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