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Mike Norman Economics

The Saker — Media Brainwashing Operation In Progress

39 second clip. Where did this talking point originate and propagate? Not by chance.The Vineyard of the SakerMedia Brainwashing Operation In Progress The Sakeralso As BI notes, these are all owned by Sinclair Broadcast Group, which over the last few days has seemingly required dozens of new anchors on its roughly 200 local TV stations in the US to read the dark message about "members of the media [who] use their platforms to push their own personal bias and agenda to control 'exactly...

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Chris Hedges – The Oligarchs’ “Guaranteed Basic Income” Scam

If Amazon captures most of the sales in the US but doesn't pay a proper wage, then how are they going to keep the sales going, well, get the government to pay everyone a basic income, of course, then the One Percent can keep on creaming it in? But who's going to pay for the basic income if the elite pay hardly any taxes? A government deficit, maybe? KV A number of the reigning oligarchs -- among them Mark Zuckerberg (net worth $64.1 billion), Elon Musk (net worth $20.8 billion), Richard...

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Off-Guardian – WATCH: This is extremely dangerous to our democracy…

[embedded content] A few days ago, every local news station in America owned by the Sinclair Broadcast Group – a massive media conglomerate – read short a statement about the spread of “fake news”. The same statement, word-for-word. CBS, ABC, NBC and Fox, it didn’t matter. They were united in their chant. As you watch the montage – put together by user “D” on youtube – you have to ask yourself: What is the mechanism behind this? Who wrote the statement, and what structure allows their...

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David Andolfatto and Andrew Spewak — Debt Monetization: Then and Now

Upping their game. However, I think that the explanatory narrative needs some work. Are these the controlling factors?FRBSL — On the EconomyDebt Monetization: Then and Now David Andolfatto, Vice President and Economist, and Andrew Spewak, Senior Research AssociateSee also Over-building as a factor?FRBNY — Liberty StrteetQuantities and Prices during the Housing Bust Sonia Gilbukh and Paul Goldsmith-Pinkham

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Claire Connelley — What the left can learn from Mont Pèlerin

One of the greatest tricks neoliberalism played is convincing the world it doesn’t exist. Economic historian, Dr Philip Mirowski says if we are to have any chance of defeating it, the left has to put its big boy pants on and get organised. “Neoliberalism doesn’t exist” is a common refrain from critics who like to pretend it is some kind of lefty-slur. But economic historian, Dr Philip Mirowski, whose book, The Road to Mont Pelerin explores its Swiss conception in 1947, says this is a...

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Emile Nakhleh — Inauspicious Anniversaries and Lessons Unlearned

Sad story of American liberal interventionism putatively based on spreading freedom and democracy gone wrong in the Middle East, told by an insider. Is the US getting ready to repeat that mistake in Iran after Iraq has been generally admitted as a strategic blunder?LobeLogInauspicious Anniversaries and Lessons Unlearned Emile Nakhleh | Senior Intelligence Service officer and Director of the Political Islam Strategic Analysis Program at the Central Intelligence Agency, a member of the...

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Ronald J. Daniels — Philosophy Matters

Philosophy matters. Just ask Bill Miller. Bill started his professional journey as a philosophy graduate student at Johns Hopkins. He became a Wall Street legend. Based on my conversations with students and parents over many years, this is not the typical narrative associated with a humanities major. But Bill tells this story well. Known for his analytical acumen and iconoclastic approach to markets, Bill attributes much of his success to the habits of mind he developed studying the works...

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