Mike Norman Economics

Denial — from the highest levels of government to mainstream media still reluctant or refusing to even say or print the word torture to a public which still embraces torture despite its barbarity and inefficacy — is the order of the day when it comes to facing America’s tortured history. Our nation’s failure to honestly examine its darkest deeds raises the all-too-real prospect of their repetition, a chilling possibility that seems likelier than ever given Trump’s choice of Haspel, someone...

Analysis. "b" doesn't mention it, but all analysis needs to focus on the big picture, in which China is the only adversary that the US perceives as an actual threat to permanent US global hegemony. Russia is just a sideshow in this.  Therefore, every analysis should ask what US policy and actions imply with respect to China.  An obvious economic goal of the US is to be able to shut down the export of energy to China. This is an overarching aspect of what's up in the Middle East and...

Impact on markets.

I have received many E-mails and direct twitter messages overnight and today following the ‘debate’ on Real Progressives yesterday, where trade issues and related financial transactions were discussed. I saw that section of the debate (after the fact) and concluded that only one of the guests knew what happened when nations exported and imported. But it appears that readers of this blog who listened to the debate were confused by what they heard. So, today, by request, I aim to clarify a...

US getting feisty. The Chinese: "Butt out."Zero HedgeWhite House Threatens Beijing With "Consequences" Should Missiles Remain In South China Sea Tyler Durden

My issues with Dirk Bezemer's academic credibility seem to have nudged the Post Keynesian hornets' nest such that they seemed to assume I was attacking Post Keynesianism in general, which I gladly took on because one thing that I really do dislike is cult-like adherence to ideology regardless of what that ideology is. But first let me clarify a few things.… For those following this. Boiling it down in this post, he is saying to Post Keynesians, convince me and remember that I am a working...

Welcome the new kid on the block.John LauritsModern Money Systems: Understanding the Monetary Mechanics of Value Part 1Modern Money Systems: Understanding the Monetary Mechanics of Value Part 2ht Richard in the comments

The foreign ministers of France, Germany and the United Kingdom have issued a joint statement, assuring that the EU would maintain the Iran nuclear deal, calling it the best way to avoid nuclear proliferation.It begins. Washington loses allies on Iran policy.Defend Democracy PressFrance, UK, Germany to Stick to Iran Deal Irrespective of US Decision

Subversion?Naked CapitalismTyler Cowen, Koch Brothers Funding, Mercatus Center, George Mason University, and Academic FreedomJerri-Lynn Scofield

New legislation calling on the USPS to begin offering banking services is a dangerous use of government resources. Not just payday lenders that are whining. American Banker — Bank ThinkPostal banking should be a dead letter Rebeca Romero Rainey | President and CEO of Independent Bankers of America