Mike Norman Economics

I decided to reproduce this in full as every paragraph seemed pertinent and I kind if felt most people here would read it all to why end anyway.  Do Americans know how they have been conned, and yet a significant amount of them still vote for the neoliberal system? KV How Long Can The Federal Reserve Stave Off the Inevitable? Paul Craig Roberts When are America’s global corporations and Wall Street going to sit down with President Trump and explain to him that his trade war is not with...

Gordon M. Hahn explains why he concludes that Russia is poised to win the gas wars at this point, while the US is in a weak position.Russian and Eurasian PoliticsRussia, the West, and Recent Geoeconomics in Europe’s Gas WarsGordon M. Hahn, analyst and Advisory Board member at Geostrategic Forecasting Corporation, member of the Executive Advisory Board at the American Institute of Geostrategy, a contributing expert for Russia Direct, a senior researcher at the Center for Terrorism and...

France and Germany signed an agreement last week (June 19, 2018) – the so-called Meseberg Declaration – which saw Europhiles shouting out that Germany has finally bowed to pressure from Emmanuel Macron and agreed to reforms of the Eurozone. Commentators applauded the ‘momentum’ that the ‘Declaration’ introduced to the European integration debate, although they admitted the shifts were slower than a snail might achieve on a bad day. Soon after the ‘Declaration’ was released the revolt of the...

Jimmy Dore says how the so called left are criticizing Trump for not being tough enough on Assad, in fact, they want America to go for all out war with Syria. Tucker Carlson says how the U.S. Is allowing terrorist groups like, ISIS, Al-Nursa, and ABC, whatever the other groups call themselves next, to fight the war against Assad. The Democrats are pretending to be outraged with 'Assad's brutality' while the US ally, Suadi Arabia, is bombing and starving millions of Yemanis. In fact, Crown...

As far as I can tell, Stephen Lendman holds virtually the same views as me and I have read a number of his books and they were all good. He is now friends with both Paul Craig Roberts and Michael Hudson. KV “We do not have a civil war, since a civil war is based on inter-confessional, ethnic, religious or other conflicts,” Assad explained, adding: “We do not have this in Syria. You can go anywhere, particularly in government-controlled areas, and can see all the layers of Syrian society...

Looking at the recent data and assuming the dynamic equilibrium model is correct along with a linear trend in rate increases, we see that the indicator will enter the error band sometime before 2020:… However, the period of time the spread spends inside that error band ranges from a few months to a year (yield curve inversion is usually described as being an indicator a recession will happen within a year). So unless we have other data, we won't be able to predict the timing of this future...

Short. These excerpts summarize the answer I would have given, too. Q. Which books can tell me, from a philosophical standpoint, what makes life worthwhile or worth living? A. Philosopher and author Julian Baggini writes:  Surprisingly, few of the world’s great philosophers have directly addressed this question. Instead, they have focused on a subtly different question: what does it mean to live well? In his Nicomachean Ethics, Aristotle emphasised the need to cultivate good...

What we need is to disaggregate growth and report on the progress of all Americans. Instead of the one-number-fits-all approach of GDP growth, this new system would report growth for Americans along the income curve, much as the graphs above do. It might indicate, for example, that the bottom 50 percent of Americans experienced growth of 1.3 percent while Americans in the top 1 percent of earners experienced 4.5 percent income growth. Unfortunately, such a system is not currently possible....

Ambassador Nikki Haley’s decision last week to withdraw the United States from the United Nations Human Rights Council is remarkable. The United States is the first nation in the body’s 12-year history to voluntarily remove itself from membership in the council while serving as a member. Some have alleged that the timing of Haley’s decision is conspicuous. “The move,” read the second paragraph of a CNN report on Haley’s decision, “came down one day after the Office of the U.N. High...

In September 1970 Milton Friedman published an articlein The New York Times Magazine, “The Social Responsibility of Business is to Increase its Profits.” Friedman, who has received the Nobel Prize in Economics in 1976, is probably the most influential economist of the second half of the twentieth century. His views have become the mainstream economic thinking, although few economists today care to state them as boldly as Friedman. In my recent book UltrasocietyI use the examples of...