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Mike Norman Economics

How About a Nice Game of Chess? — Clint Ballinger

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

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Europe is Being Subjugated to US Power — Wolfgang Streeck

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

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Debunking Net Zero, Carbon Offsets, Nature-Based Solutions, Climate Smart Agriculture, Bioeconomy… — Lynn Fries

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...

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The US Government Sees Silicon Valley As Part Of Its Propaganda Machine — Caitlin Johnstone

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...

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