Mike Norman Economics

There will be a big impact from this and you need to know.

Another map to nowhere if what's being floated in anywhere close to what's planned. DJT's major flaw in dealmaking at this level is assuming that economic interests are paramount when they are not. He is out of his league here since his understanding of interest is limited at best, and his the advisors he has chosen are incompetent ideologues. Donald Trump likes to make “deals.” Perhaps he views the Palestinian problem as essentially an economic issue, not a political one. Because of...

In an interview with DER SPIEGEL, former German Foreign Minister Joschka Fischer talks about the danger of war against Iran, the deterioration of trans-Atlantic relations under U.S. President Donald Trump and the serious need for Germany to invest massively in the European Union's future.  Spiegel Online'The U.S. President Is Destroying the American World Order'Interview former German Foreign Minister Joschka Fischer conducted by Mathieu von Rohr and Christoph Schult

This is a long article, but it is a must-read for those interested in Russia's direction after the recent reelect of President Putin. Russia FeedRussia’s new government: here’s why Putin chose to stick with his team Alexander MercourisSee alsoAlso longish but an important backgrounder.Russian and Eurasian PoliticsRussia, America, and the Biases Within UsGordon M. Hahn, analyst and Advisory Board member at Geostrategic Forecasting Corporation, member of the Executive Advisory Board at the...

The job guarantee won't cause inflation, says, Randolph Wray.  The government sets a floor or ceiling price for many commodities, like corn or wool, for instance, which isn't inflationary because all does is set a stabilised price, and a job guarantee just sets a minimum price for wages. [embedded content] Professor L. Randall Wray discussing the Job Guarantee and inflation. Orthodox economists have enshrined the idea that there's a tradeoff between unemployment and inflation: they believe...

The insider scoop.Asia TimesTehran eyes path ahead after US withdrawal from nuclear pact Pepe Escobar interviews Ahmad Bahmani, Europe and Americas adviser to Ali Akbar Velayati, the top foreign policy adviser to Supreme Leader Ayatollah Ali Khamenei

Intel TodayWikipedia & the Spooks — The Remake? [The Philip Cross Affair]L (Ludwig De Braeckeleer) Craig Murray BlogPhilip Cross Madness Part IVCraig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee

Fearless George is awesome again!Why has the media not asked how it is that the Yulia and Sergei Skripal have disappeared without anyone seeing them?  All very strange. The state has lied, says George Galloway, which is not unusual, but why has the 'free press' not challenged them on it?For some reason the RSPA did not press charges against the British police force for neglecting the Skripal's pet guinea pigs and their cat. [embedded content] With the media being focused on Prince Harry and...

[embedded content] Boris Johnson has done a runner from the Commons to avoid Emily Thornberry’s Urgent Question on Gaza.

I think this is correct.  Opponents believe, with some reason, that legalization ("decriminalization") implies or leads to normalization, as it did with alcohol and tobacco use.  This is not a small issue, even if consider only from the perspective of public health. The cost of tobacco use and alcohol abuse is astronomical in actually medical costs and it comes with devastating social costs as well, affecting not on the individuals involved. Now, the issue with regard to tobacco...