Mike Norman Economics

You want to understand reality? You want to know the truth? Never listen to what anyone who represents power says about what power wants to do. This is always a lie. Look only at what power consistently does. Look at the consistent results of this pattern of action, and then assume those results to be the real goals of the campaign.... VolatilityLook Only at What The System Does (Pesticides and Bees)

The eminent Robert Skidelsky identifies three groups of economists who gave what ex post was clearly bad advice, and bad advice that mattered about fiscal policy, from 2009 on: Alberto Alesina and company with their “expansionary austerity” doctrines, Ken Rogoff and company with their “short-term-pain-for-long-run-gain” doctrines, and Ricardo Haussman and company with the “no choice but austerity” doctrines. All three groups, however, had reasons for their arguments and were thinking...

Longish but excellent. Here are a few snippets. America was able to outcompete with England and other countries by having subsidized education. We built roads, we built huge infrastructure, and the Internet was basically developed by government and turned over to the private sector. America’s pharmaceutical patents basically were developed by government laboratories and turned over to the pharmaceutical companies. But when China provides public support for its own economy, America says...

MMT.Makes MogulTheBitcoin Fallacy-Back to the Gold Standard Jonah Ho

It is now becoming quite clear that the US and Israel do not hold enough cards in Syria, and have been out-manouvered by Russia/Iran/Syria. The US will either not strike at all, or like a year ago, make symbolic strikes where they have warned the Russians of targets, avoiding any Russian fatalities. All of Trump's terrifying bluster of yesterday was just that, bluster. The latest news is that now the Russian and American militaries are frantically talking, helped by Israelis (Netanyahu...

We all wondered why Trump made John Bolton as his National Security adviser, but perhaps he was told to appoint him, at least according to some sources. Commentators are crediting Jewish-Zionist billionaire Sheldon Adelson with putting the whammy on Trump, such that if the Republicans want to be bankrolled by Shelly in the mid-term elections, he wants Bolton as National Security adviser. If true - and it does seem to explain Trump's strange decision - then an American Neocon from the...

The Trump Regime Is Insane Paul Craig Roberts Is it insane to push for war with Russia, a major nuclear power? Is it insane to threaten Russia and bring false charges against her? Is it insane to brag about killing “hundreds of Russians”? https://news.antiwar.com/2018/04/12/pompeo-russians-met-their-match-us-killed-hundreds-of-them/ A normal person would answer “yes” to the three questions. So what does this tell us about Trump’s government as these insane actions are the principle...

It’s hard to believe the west’s leaders are letting this escalate. Have we learned nothing from history?The moderate right, like the American Conservative, continue to charm me. They are emphatic, warmhearted people who do believe in public services.Simon Jenkins is about the only voice of reason in the Guardian now. We have Owen Jones, a founder of Momentum,  saying there is antisemitism in the Labour party and one Labour MP was suspended for referring to Jewish bankers, so this is what...

[embedded content] Bulgarian investigative journalist Dilyana Gaytandzhieva says she was fired after reporting about how the Central Intelligence Agency ran weapons to Al-Nusra terrorists through Azerbaijan. Gaytandzhieva was let go for refusing to reveal her sources, she tells RT’s Anya Parampil. A very brave woman, KV

Buchanan on The Savage Nation via RI.FD I voted for Pat in every GOP primary he ran in back in the 90s and then later Trump as heir to the Buchanan legacy in the GOP so mostly I am getting what I voted for with Trump...Though in regards to the current Syria situation, its hard to argue with Buchanan himself on what the Buchanan legacy should be... Michael Savage Interviews Pat Buchanan - Syria Gas Attack was 'Staged' https://t.co/8uBXrBIHhs pic.twitter.com/sNpN3HDxZ7 — Russia Insider...