Mike Norman Economics

China's Defense Minister Wei Fenghe has called on Shanghai Cooperation Organization member countries to improve cooperation in defense and security. Assistant Director of the Center for Regional Security Studies of the Chinese Academy of Social Sciences Dr. Yang Danzhi believes that the Chinese proposal has come at the right time.... Global North and West lining up for WWIII with Global South and East as US stumbles into the Thucydides trap.Sputnik International — OpinionScholar Sees...

Add New York Senator Kirsten Gillibrand to the list of big name Democrats who want the U.S. Postal Service to double as a bank. The potential 2020 contender is rolling out legislation today that would require post offices to offer their customers basic financial services, such as checking and savings accounts and small, short-term loans, that many Americans currently can’t access affordably. While the idea of postal banking has been backed by progressives like Elizabeth Warren of...

Britain and the US will not stand shoulder to shoulder against Putin’s regime as the EU is never likely to agree to tough sanctions, the Chancellor has warned.  But unified financial sanctions are more difficult to arrange, as the UK only joins actions when they are imposed either at the UN or the EU level.... The TelegraphUK will not match US sanctions on Russia as Hammond blames EU dissent Tim Wallace

British government official agencies are the patrons, managers and funders of the White Helmets, who have been the go-to source for the mainstream Western media reporting on the ongoing Syrian war. For good measure, the U.S. State Department's Agency for International Development (USAID) has kicked in $23 million to finance Mayday Rescue, the cutout between the White Helmets and the British Ministry of Defense, the Home Office, the Foreign and Commonwealth Office and 10 Downing Street....

The Russian investigation began when Mossack Fonseca (Panamanian law firm) had its “Panama Papers” leaked to journalists in 2016. ... Fort RussInvestigation: Russian politicians embezzle billions offshore Innesa S.

Effective, efficient, and inexpensive. Poor sanitation is responsible for 80 percent of world health issues, like infectious disease, and four percent of deaths. That may sound small, but in context, it is about 1,500 children every day. It can also lead to chronic illnesses that plague both children and adults. In areas without plumbing, the options are dumping and hauling sewage, which can be both expensive and dangerous… Public toilets also mean more women and girls are subject to...

Just like I told you.

From the beginning, mainstream macroeconomics has been a battleground between the visible and the invisible hand. Keynesian macroeconomics, represented on the left-hand side of the chart above, has an aggregate supply curve with a long horizontal section at levels of output (Y or real GDP) below full employment (Yfe). What this means is that the aggregate demand determines the actual level of output, which can be and often is at less than full employment (e.g., when AD falls from AD1 to...

Mariana Mazzacuto’s new book, The value of everything, seems to have caught the imagination of the liberal wing of mainstream economics. It has even won the accolade of a review in the UK’s Financial Times by top mainstream Keynesian economic journalist, Martin Wolf and was launched at an event at the London School of Economics. Mazzacuto previously wrote an important book, The Entrepreneurial State, that ‘debunked’ the myth that only the capitalist sector contributes to innovation while...

Every trade and investment will test your resilience and self confidence and unless you can face adversity and rise above it you will never make it.