Mike Norman Economics

This is the third (and final) part of my response to an article published by the German-language service Makroskop (March 20, 2018) – Modern Monetary Theory: Einwände eines wohlwollenden Zweiflers (Modern Monetary Theory – Questions from a Friendly Critic) – and written by Martin Höpner, who is a political scientist associated with the Max-Planck-Institut für Gesellschaftsforschung (Max Planck Institute for Social Research – MPIfG) in Cologne. Today, we will discuss inflation and round up...

Amen.Talk about getting a pass.The InterceptIsrael Kills Palestinians and Western Liberals Shrug. Their Humanitarianism Is a Sham. Mehdi Hasan

A further look at the Zero Hedge article yesterday, Interventionistas Outraged Over Trump's Syria Withdrawal: "We Took The Oil. We’ve Got To Keep The Oil".Sic Semper Tyrannis The Serial Interventionists Unhinged Willy B

Something more to think about, although the title is more provocative than it needs to be. "Nazi-like" would be more apt in my view.The term "Nazi" more than raises eyebrows and more than eyebrows need to be raised.Asia TimesUS military brass seek unified ‘Nazi’ command William Holland The United States has already gone against the views of the Founding Fathers regarding "entangling alliances" and constitutional delegation of wars powers to the legislative branch. Would replacement of...

Something to think about.Information Transfer EconomicsSustained growth? Jason Smith

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...

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...

[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...

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

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...