Mike Norman Economics

Professor Thomas Palley has once again launched a critique of Modern Monetary Theory (MMT) in "Modern Money Theory (MMT) vs. Structural Keynesianism." One could argue that there are some useful nuggets in his argument, but they are arguably behind the times. His critique is of how he perceives MMT -- which has only a limited relationship to MMT as it exists now. I probably should have ignored his article, but too many people have discussed it, and so I do not want to leave the impression...

[embedded content] Despite no conclusive evidence, the US has declared a 24-48 hour window to attack Syria. If only this could be seen on mainstream TV. I still can't believe this is happening, the whole of the MSM lying, all lock-stepped together like an army goosestepping with their faces fixed, hard turned towards their leaders. No dissent. KV

Inflation, markets, all as I said, but it may all be irrelevant if we attack Syria.

The corporate media is silent because if people knew what was going on there would be a revolution. KV PCR There is no longer any doubt that the criminally insane government in Washington is driving the world to the last war. https://www.rt.com/news/423634-unsc-security-threats-syria-chemical/ https://www.rt.com/news/423627-russian-military-checks-chemical-douma/ UPDATE: As Americans we must face the possibility that we have a criminally insane government in Washington that is...

These guys are maniacs. They don't care about decency, human rights, fellow Americans, the American society, they don't care how many millions of people they kill, all they are interested in is the control of the World's resources and World domination. They are monsters and out and out evil! Will the public ever wake up?  It was the first time in history that the head of a major international organization was removed during his/her term of office. There is much controversy surrounding the...

When we published our latest book – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World – last September, Thomas Fazi and I approached the UK Guardian to see if they would publish an Op Ed by us summarising the main arguments presented in the book. We received no response. Pluto tell us that the book is one of their better sellers since it was published. And it is not as if the topic is irrelevant in the Guardian’s assessment. That is clear from the fact...

If only more people in the MSM were saying things like this. Tucker Carson isn't towing the line. [embedded content]

Syria is perhaps also an opportunity to have a big go at the S-400... see what that thing has under the hood... “Russia's advanced radar, variety of capable missiles and systems that try to integrate large amounts of data for a more potent air defense will increasingly segregate Western air forces into two benches. In a future where these systems have proliferated to China, Iran and other regional powers there will be those that can penetrate and survive against advanced air defenses in a...

Why use the frowning Vlad picture?  I would think Putin would be glad to see the Russian "oligarchs!" nemesis take a big hit like this no? He should be calling Trump to say thanks...Our report on what’s happening in Russia after the latest sanctions were announced. https://t.co/5CEHTpFoOh— Elena Holodny (@ElenaHolodny) April 10, 2018

These 3 would seem to be the unfinished business in the GWOT...Seems like Kim is perhaps capitulating but the other two? The report listed fifteen Syrian engineers among the dead, “dozens” of Iranians and three North Korean technicians. Indeed, North Korea had played a key role in supplying both Syria and Iran with chemical weapons and ballistic-missile technology with which to launch them at distant targets. North Korea, Iran and Syria: The Chemical Weapons Axis of Evil?...