Mike Norman Economics

Bill clarifies the MMT position on trade for those who haven't gotten it yet. It is very clear and concise. Anyone that still doesn't get it after reading this doesn't want to get it.Must-read — and study. It's the MMT elevator speech on trade.Bill Mitchell – billy blogA surplus of trade discussions Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, AustraliaSee alsoBond EconomicsOn The "Everyone Cannot...

Well yeah but look at LAST quarter... revealing chart.  That Trump tax INCREASE of Janurary 1 was not well thought out.  Might have well screwed up this entire year...Banks convince lawmakers to pass massive bank deregulation, despite record earnings https://t.co/ymXk2tfG4T— Rita Robison (@BoomerGuide) May 23, 2018

If Dr. Cohen has any objections to the factuality of any of the allegations that I have made here, or to any of the documentation that I have linked to as the sources for these allegations, then I publicly welcome him to state what those objections are. Otherwise, I shall continue to take strong exception to Dr. Cohen’s account of these matters. Fair enough.Washington's BlogStephen Cohen’s Misrepresentations About the 2014 Coup in Ukraine Eric Zuesse

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