Mike Norman Economics

Apt quotes.Militarism is about "glory."EconLogAdam Smith on the Bipartisan Support for Attacking Syria David Henderson | research fellow with the Hoover Institution and professor of economics at the Naval Postgraduate School in Monterey, CaliforniaSee also"Glory."Defend Democracy PressA Dangerous and Ridiculous Europe: Macron and May are dreaming to repeat the Libya crime against Russia, a nuclear superpower!also "Pundits and the media are making John Bolton’s wildest dreams come true: in...

Pompeo — who was recently nominated by Trump to be Secretary of State — failed to disclose his business’ ties to a Chinese government oil and gas company in the questionnaire he was required to fill out to be confirmed as CIA director by the Senate. The HillPompeo failed to disclose ownership of business connected to China Luis Sanchez

Mainstream economists refer to it as price theory, everyone else value theory. But whatever it’s called, it’s at the center of economists’ differing explanations of what happens in (and alongside) markets. As I see it, price/value theory serves as the framework to explain a wide range of phenomena, from how and for how much commodities are exchanged in markets through the determinants of the distribution of incomes to the outcomes—for the economy and society as a whole—of the allocation of...

If there is one thing the last 48 hours have proved to me, it’s this. Donald Trump is no longer acting President. The coup against Trump has been completed. May as well have elected HRC.Zero Hedge Luongo: "The Coup Is Complete - Trump Is Done" Tom LuongoSee alsoRussia InsiderBody Language Expert: Trump Acting 'Defeated', Like He's 'On the Run' (Video) Mark Bowden

Abduction?Craig Murray BlogYulia Skripal Is Plainly Under Duress Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of DundeeRussia agree with Murray. Not written by a Russian.Sputnik InternationalRussian Embassy Skeptical Letter from Yulia Skripal is Authentic

A more measured view. The day began with Trump responding in his usual overblown way to a needlessly provocative comment from the Russian ambassador to Lebanon, who is reported to have said that the Russians would shoot down all and every missile the US launched against Syria. This statement – by a relatively junior ambassador in Russia’s diplomatic hierarchy – goes far beyond what other far more senior Russian officials – notably Russia’s UN ambassador Vassily Nebenzia – have been...

In news reports around the world, from Hong Kong’s South China Morning Post to RT.com, US President Donald Trump is reported to have softened his “tough” trade stance against China. In the April 8 reports, he said that Chinese President Xi Jinping will always be his friend and China and the US will negotiate a trade deal that will benefit the “two great nations,” a far cry from his blistering response of upping the ante to triple the number of Chinese goods subject to tariffs. But in true...

The Syria situation is extremely dangerous.

Speaking with EuroNews, Russia's ambassador to the EU, Vladimir Chizov, said "Russian military specialists have visited this region, walked on those streets, entered those houses, talked to local doctors and visited the only functioning hospital in Douma, including its basement where reportedly the mountains of corpses pile up. There was not a single corpse and even not a single person who came in for treatment after the attack." "But we've seen them on the video!" responds EuroNews...

So the president will be advised by television, social media, and John Bolton. Hmm. Hardly seems like HRC could do any worse. Deputy national security adviser Nadia Schadlow has resigned, as new national security adviser John Bolton seeks to reshape his team. Schadlow is the third high-ranking national security official to exit or be pushed out of the White House since Bolton took over on Monday.... National Security Council spokesman Michael Anton and homeland security adviser Tom...