Mike Norman Economics

People are allowed to change their opinions or assessments in the light of new evidence. Diametric changes of position are fine and one should not be pilloried for making such a shift in outlook. Quite the contrary. But when the passage of time reveals that a person just recites the same litany despite being continually at odds with the evidence, then that person’s view should be disregarded, notwithstanding the old saying that a defunct clock is correct twice in each 24 hours. The US...

Tallies with Syrian Girl. The Gateway PunditUS Backed Syrian Rebels Caught Staging Corpses of Dead Children in Douma to Play on Western Emotions Jim Holt

Carlson and Massie’s sentiments are shared by most of Trump’s biggest supporters on social media. America Firsters don't see attacking Syria as leading to MAGA.The midterm election is approaching. The Democrats are all fired up. Are the Republicans. Doesn't seem that way. The Gateway Pundit Pro-Trump Congressman: It Doesn’t Make Sense That Assad Would Use Gas Cassandra FairbanksSee alsoTrump coalition coming apart? “It really makes me nervous that there seems to be some enthusiasm for the...

On another front tack.Zero HedgeChina Launches Massive Combat Drill In Hainan As War With Taiwan "Becomes More Probable" Tyler Durden

In this statement released Wednesday, a group of international law experts warn that a U.S. military strike on Syria would be illegal if not in self-defense or with U.N. Security Council authorization. Illegal aggression, torture, assassination? Meh. (Who's going to do anything about it, tell me?) Consortium NewsInternational Lawyers: Strike Against Syria Would Be Illegal

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