Mike Norman Economics

Hot news just in from India: Trump worshiped as God pic.twitter.com/RbQSMjbMIJ — RT (@RT_com) July 2, 2018 Can't make it up...Double triggers!!!!

The Right discovers it is up against MMT. Is Stephanie Kelton Superwoman?The American InterestThe Right’s Straw Left Ben Judah

John Helmer looks at the coming Trump-Putin summit from the vantage of the Bolton meeting with Russian officials in preparation for it.Dances with Bears The Sale Of Another Century – The Putin-Trump Summit John HelmerSee alsoStrategic Culture FoundationAs Trump ‘Goes Nuclear’ Against Iran and China, What’s Next? Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacyAlsoWeaponized...

Alexandria Ocasio-Cortez’ platform is dramatically better than many may realize. It tackles the greatest evil in existence in a way that no other big-2 congressional candidate’s website does and which most do not even mention. And in doing so, it makes serious much of the rest of her socialist platform in a way that even presidential candidate Bernie Sanders did not — a way promoted by the peace movement, the Poor People’s Campaign, and Black Lives Matter.… By labeling her foreign policy...

Jimmy Dore gives Howard Schultz, the outgoing Starbucks CEO,  a pasting for saying that some of the Democrats have moved too far to the left by saying the government should provide single payer healthcare, a Job Garantee, and free college.Howard Schultz, who is going to run for president as a Democrat, asks how are we going to pay for all this? But Jimmy Does points out about the trillions the government found to bail out the bankers, and the trillions more spent on the military and the...

When fear is in the air and people are panicking that is the best time to buy.

Potentially in response to Trump's actions on China Mobile, a Chinese court temporarily banned Micron Technology chip sales, cutting the U.S. company off from the world’s largest semiconductor market.  Yesterday we specifically warned that following yet another targeted attack at a prominent Chinese company, it is only a matter of time before China responds in kind, and considering the size and prominence of China Mobile, one wonders howlong until China takes aim at none other than the...

Perception about immigration.Marginal RevolutionTrump understands this, perhaps you do notTyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center

Summers comes out for a job guarantee and offers some qualifying comments. Overall positive.Maybe not an exactly a VSP endorsement of MMT or Alexandria Ocasio-Cortez, but close enough to be considered a big win for the up-and-comers.It is a wake-up call to establishment Democratic policymakers as well as encouraging progressives.Larry SummersA jobs guarantee — progressives’ latest big ideaLawrence H. Summers | Charles W. Eliot University Professor and President Emeritus at Harvard...

In examining the implications for an exit from a currency union, one of the issues that arises is the proportion of public debt that is issued under foreign law. This is a separate issue to the implications of foreign-currency denominated debt. Both issues are problematic and compromise a government’s capacity to remain solvent. I covered the former issue to some extent in my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale – when I was considering different strategies...