Mike Norman Economics

With the launch of our new website, we are reintroducing visitors to our policy issue areas. Informed by the academic research we fund, these issue areas are critical to our mission of advancing evidence-based ideas that promote strong, stable, and broad-based economic growth. Through June and continuing in July, expert staff have been publishing posts on our Value Added blog about each of these issue areas, describing the work we do and the issues we seek to address. The following post is...

The paper analyzes briefly the changing ideas on the role of money and banks from William Petty to Thomas Tooke, including the works of Adam Smith, David Ricardo, and Karl Marx. It analyzes the role of ideas in shaping the evolution of central bank regulation. Particular importance is given to the Bank of England’s inconvertibility period, from 1797 to 1821, and the ensuing debate in shaping Robert Peel’s Bank Act of 1844, which is often seen as the birth of modern central banking. The...

We should just go take the oil...The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!— Donald J. Trump (@realDonaldTrump) July 4, 2018

I was just thinking this morning about the Skripal case and wondering what ever happened to the Skripals. They have disappeared.If this happened in Russia, the media would be screaming about it. Actually, the Russian media is. Not peep about in now in the West though.What is becoming clear is that not only is the British establishment up to its centuries-old tricks but also the British elite are trying desperately to stay relevant on the world stage as they begin to slip into final oblivion...

Over the course of two tumultuous decades, the US government has determinedly endeavored to destabilize, undermine and ultimately depose the democratically-elected government of Venezuela without pause. First they came for Hugo Chavez, then his successor Nicolas Maduro.One wouldn't be able to discern this iniquitous reality from mainstream Western news reporting, however. Alan MacLeod, an academic specializing in media theory and analysis — and member of Glasgow University's respected Media...

Trump, 'the Peace Candidate ', is a maniac. I guess he thought Venezuela is a puny country compared to the might of the US so he could attack it without repercussions and look big in front of his military -industrial complex and Neocon friends, and be praised by the MSM as real president, but he didn't seem to realize this could lead to a major war with thousands, or more, dying, including many U.S soldiers. But the US prefers proxy wars where if thousands die, where no one knows and no one...

Former President of Ecuador Rafael Correa has defied an arrest order, claiming the new government is waging “lawfare” to deprive him of a political future – and even life, in an exclusive RT interview. Judge Daniella Camacho ordered the arrest of three-term President Rafael Correa on Tuesday over his alleged involvement in the 2012 abduction of a political opponent and requested that Interpol apprehend him for extradition. Correa, who now lives in Belgium, called the allegations...

Trump as a Jacksonian standing against the Wilsonian establishment. This is a chief reason he cannot be too obvious about what he is really up to.Voltaire NetworkWhat Donald Trump is preparingThierry MeyssanSee alsoInfoRosThe Battle of the Three Seas Andrew Korybko

The Second International Conference  of Modern Monetary Theory Friday - Sunday, Sept 28 - 30, 2018 The New School, New York City  Register Now Program Contact:  [email protected] Organizers: The Modern Money Network  The Binzagr Institute for Sustainable Prosperity  The UMKC Economics Department  The New School Public & Urban Policy Doctoral Student Association

Its Wednesday, so a relatively short blog post today. We are just about finished the final responses to the editors from Macmillan on the manuscript for the next Modern Monetary Theory (MMT) textbook, which I am now reliably informed will be published in February 2019. Woo hoo!Bill Mitchell – billy blogBrexit propaganda continues from the UK GuardianBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW,...