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Mike Norman Economics

Zero Hedge — Facebook founding president Sean Parker Warns “God Only Knows What It’s Doing To Kid’s Brains”

Managing brain waves and neural passageways. "The inventors, creators — it's me, it's Mark [Zuckerberg], it's Kevin Systrom on Instagram, it's all of these people — understood this consciously. And we did it anyway." Of course, this process based on new scientific understanding began long before the Internet and social media. It's at least as old as the rise of the PR, marketing and advertising industries, which took off around the time of the publication of Propaganda by Sigmund Freud's...

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Support for Redistribution Shaped by Compassion, Self-Interest, Envy

Investigation referenced by libertarians at Cato so tread carefully (ie not an endorsement). They put the focus on envy (takes only 2) rather than jealousy (takes 3 minimum) as operative in the "rich vs. poor" thing. The more surprising findings involved envy and fairness.  Envy, directed toward those better off than you, predicted support for redistribution.  "When a rival outperforms you in some activity, your relative standing decreases," said Sznycer. "People sometimes act to chip...

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Bill Mitchell — When neoliberals masquerade as progressives

One wonders what goes on in the heads of politicians sometimes. Perhaps not much other than a warped sense of their purpose in life – which for some seems to be to advance themselves rather than advance societal well-being. In recent days, fiscal debates have raged on both sides of the Atlantic. In the US, there is the Trump tax cut debate. The correct progressive response would be to focus on why these cuts will not advance anybody but the rich and will do very little if anything to create...

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Politnavigator — CIA reveals Stepan Bandera was a German spy and a CIA accomplice

The electronic library of the Central Intelligence Agency published a four-page document dated 1951, stating that the icon of Ukrainian nationalism, Stepan Bandera, was a German spy.… If this document is not enough, you can dig deeper into the CIA archives. You will be met with 293 pages of various documents on the subject of Nazism, and personally Bandera. You will learn that Stepan Bandera cooperated not only with the Third Reich, but also with the CIA itself.... Fort Russ CIA reveals...

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John T. Harvey — The Disastrous Trump Tax Plan

Designing a tax plan that will actually increase spending and therefore employment is really not all that difficult. All you have to do is meet two criteria: 1. The tax cuts must not be offset by spending cuts (or tax increases elsewhere). 2. The tax cuts must increase the incomes of those who will actually spend the money.... Forbes — Pragmatic EconomicsThe Disastrous Trump Tax PlanJohn T. Harvey | Professor of Economics, Texas Christian University Also The tax plan released by...

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Philipp Frisch: NATO Intensifies Its Preparations for War with Russia

How can anyone with any sense believe the Russians Annexed Crimea. Even if they did the majority of the Crimeans approved re-joining Russia, and that includes the Ukranian speaking Crimeans.  In the document entitled “Progress report on the Alliance’s Enhanced Deterrence and Defence Disposition,” leading military figures call for a major boost to military capabilities in order to conduct a so-called “Major Joint Operation Plus.” The abstruse terminology in fact stands for a war involving...

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Politnavigator — Ex-PM of Ukraine reveals that Manafort worked for the interests of US, not Ukraine

The Ex-Prime Minister of Ukraine, Mykola Azarov, (2010 - 2014) has today in Moscow spoken in defense of American political adviser, Paul Manafort, who for a long time advised the Ukrainian government, and is now under charges in the United States. I was amazed when formal charges were brought against Manafort, whom I have known for many years personally, met dozens of times, talked for hours. And when they tell me that this man is accused of plotting against the US and pursuing a hostile...

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FB Ali — Tillerson’s Trip & the new Great Game

Important backgrounder explaining what is really going on with Afghanistan. So, this new Great Game goes on, with wily Vladimir Putin, tweeting Donald Trump, smiling Xi Jinpeng and creepy Narendra Modi all trying to outwit each other, and rope in the other minor players to their side. Sic Semper Tyrannis Tillerson’s Trip & the new Great GameFB Ali At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism,...

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