Mike Norman Economics

No Russian interference in America’s political process occurred in 2016, earlier, or is being cooked up for the nation’s November midterm elections. Trump knows it and said so in Helsinki. When asked if he holds Russia accountable for anything, he said: “I hold both countries responsible (for dismal bilateral relations). I think that the United States has been foolish. I think we’ve all been foolish…And I think we’re all to blame.” Regarding election meddling, he said: “There was no...

MMT.FT Alphaville (requires free registration)Goodbye to Sunday morning economics Brendan Greeley

Sputnik InternationalAnother Head-Scratcher: US PAC’s Billboard Implies GOP Is … Communist? (PHOTO) Sputnik International Who Is Marina Gross? US Translator Thrust into Spotlight With Subpoena Threat Sputnik International ‘F**k Trump’: Image of POTUS Being Beheaded Sparks Backlash in Oregon (PHOTO) Sputnik International 'Off With His Head'! WATCH Protesters in Oregon Execute Trump Pinata Sputnik International Albright Goes Off on Trump, Calls Him 'Gift That Keeps Giving to Putin'...

… as [Trump] learned..., nothing will appease these people than his removal from the office. The Resistance needs it to vindicate their descent into madness. The Deep State needs it to ensure the gravy train keeps flowing.  There are too many cozy relationships at risk, too many think tank jobs on the block, and too many weapons contracts at stake and too many more taxpayer-funded junkets to attend for Trump and Putin to remake the post-WWII political order.... Strategic Culture...

September 4, 1918-April 1, 1920,Consortium NewsWhen the US Invaded RussiaJeff Klein

More fun from satirist C. J. Hopkins. The Trump-Putin Derangement Syndrome is a combination of gaslighting and good old-fashioned McCarthyism.CounterpunchTrump’s Treasonous Traitor Summit or: How Liberals Learned to Stop Worrying and Love the New McCarthyism C J Hopkins

Update. Noting big one way of the the other, but interesting if you are still following this. The investigation appears to be inconclusive in spite of claims to the contrary.Dances with BearsJuly 17 Is the Fourth Anniversary of the MH17 Attack – Time and Reason to Doubt the AllegationsJohn Helmer

[embedded content] When it comes to the division of wealth, many Americans believe that the country is split between the 1%, which possesses a significant share of the country’s money, and the 99%, or “the people.” In reality, The Atlantic writer Matthew Stewart argues, 9.9% of the population comprises America’s new aristocracy, which often “takes wealth out of productive activities and invests it in walls.” But this group of people is rich in more than mere money, and its constancy poses...

The article had a picture of the latest progressive political star – Alexandria Ocasio-Cortez with the caption that she: ... backs the view that restraints on a government’s spending are primarily set by the amount it can borrow without fuelling inflation. Progressive types then thought it was useful to retweet this incessantly for a few days.My response – I certainly hope that Alexandria Ocasio-Cortez does not back that construction of the limits on spending for a currency-issuing...

Must-read. Michael Hudson gives the background on Argentina's fall in terms of neoliberal capitalism. Michael Hudson: What really is at issue is whether all debts should be paid, or not? I think that there should be an international rule that no country should be obliged to pay its debts to the wealthy One Percent, especially to a creditor class that prefers to hold its domestic wealth offshore in foreign currencies. No country should be obliged to pay its bondholders if the price of...