Mike Norman Economics

The government borrows at a price of its choosing.New WaylandHow to fix the government's borrowing costs NeilW

Summary of economics since William Petty in a few paragraphs viewing marginalism as a boondoggle.Thoughts On EconomicsA Short HistoryRobert Vienneau

This was pretty obvious. Vacuums get filled.TASS (Russian state media)Chinese companies rush to fill empty niches in Russia — [Russian-Asian] Union [of Industrialists and Entrepreneurs (RAUIE)]

In modern states, demand for currency comes from the ongoing self-imposed liability for the currency. There is no need to pay savers in order for them to desire to hold the currency (interest on sovereign bonds issued for “deficit spending”). Any justification for doing so must rest on some other perceived benefit of paying savers....ClintBallinger.comHow About a Nice Game of Chess?Clint Ballinger

Energy price wars.RT (Russian state-sponsored media)Türkiye lambasts US for ‘bullying’ own ally

Numbers. Do US leaders know this?Zero HedgeThe Middle Class Is Dying! 50% Of All American Workers Made Less Than $3,133 A Month Last YearTyler DurdenAlso at ZHUS Support For Ukraine Challenged By Rising Gas Prices

Further undermining the trust that is foundational to the global economy as the sanctity of property is jettisoned. Freezing assets is one thing, and confiscating assets for use is entirely different matter.RT (Russian state-sponsored media)EU wants to use 'frozen' Russian assets to finance Ukraine

The economic crisis in Britian, the war in Ukraine, and the disorder in the Eurozone are all intimately connected. Chris Bambery spoke to Wolfgang Streeck, an economic sociologist at the University of Cologne and a leading commentator on European capitalism, about the crisis in the EU and the implications for Scotland....ConterEurope is Being Subjugated to US PowerWolfgang Streeck, emeritus director at the Max Planck Institute for the Study of Societies in Cologne

Yves here. We’ve repeatedly challenged various brave green future schemes as rearranging deck chairs on the Titanic. Advanced and major emerging economies need to engage in radical conservation to have any hope of preventing the worst climate change and mass species dieoff outcomes. Instead we have a host of cleverly branded proposals that are at best hopium and at worst conventional energy producer devices to forestall change and most importantly, cutbacks.This interview does the important...

Is the US government about to nix Elon Musk's Twitter purchase on national security grounds. That this is even being discussed is representative of the level of control the government, in this case, the executive branch acing unilaterally, can exert over the economy at a foundational level for political reasons. It also brings up legal questions about freedom of expression since the US is not technically at war with anyone, although in a sense it is at war economically with just about...