Mike Norman Economics

Perseverance is the key to success.

Is it possible that pro Israel Labour groups are racist because of the views they hold about Palestinians? Labour party members that support the rights of Palestinians and point out Israel's crimes are likely to be called racists and be expelled from the party. Things have gone too far, maybe I should join the Labour Party to fight the racist Zionist Labour groups? KV It is a sad indictment on modern politics that the long-standing socialist, Ken Livingstone who fought most of his...

Richard Werner makes the good argument that small private banks, many of them non profit, will understand their communities extremely well and so will provide a very good service. He kind of persuaded of the merits of private banking, but I still remain a big government man at heart.  It will be interesting to see how this unfolds.  KV Today Switzerland is set to hold a referendum to decide whether to ban commercial banks from creating money. The aim of campaigners is to limit financial...

The US budget deficit is USD 75 billion in June 2018; this is a net add of income to the private sector and allows it to grow. The good news is that dollars are being added to the economy by the Federal government, and it grows the economy. Further net inflows are expected for the rest of the year from the Federal government and private credit growth. Private credit growth has so far added $36 billion to the net money supply; last year, it was only $23 billion. At this rate, it could total...

Caitlin Johnston summarizes the foundational issue of Eastern and Western philosophy quite nicely. The history of thought begins with reflections on this. Indeed, one view of philosophy is that it is reflection on experience.Well-stated. A+Caitlin Johnstone — Rogue JournalistTruth Caitlin Johnstone

Unfortunately, Shannon's entropy, often referred to as information entropy, and then shortened to just information, is often confused with the colloquial term "information". This brings connotations of data, of knowledge, of specific sets of symbols with specific meaning. But as Shannon and Weaver said in their book from a year later, we must not confuse information theory information with meaning. This collision of terminology is amplified when it encounters economics, where information...

In my last post I set out the official Government account of the events in the Skripal Case. Here I examine the credibility of this story. Next week I shall look at alternative explanations.... Craig Murray BlogThe Holes in the Official Skripal StoryCraig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee

Don't pretend to be smart when you're not. Better to just listen and learn.

Top security and intelligence officials from Pakistan, Iran, Russia, and China held a meeting in Islamabad, where they stressed the need for more active involvement of regional forces in efforts to resolve the conflict in Afghanistan.This is reported by TASS. On Tuesday, a meeting of leaders of the intelligence services of Russia, Iran, China and Pakistan was held in Islamabad, at which measures were discussed to combat the threat of the reunification of ISIS fighters in Afghanistan.......

Finally! Is the economy responding to increased military spending as Trump ramps up. Reagan redux?Calculated RiskKey Measures Show Inflation increased YoY in JuneBill McBride