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Mike Norman Economics

Mike Norman Economics 2017-11-08 15:22:44

The British newspaper, The Independent seems to be getting in beds with Commies lately. The evidence I elicit is the recent article (November 4, 2017) – Actually the magic money tree does exist, according to modern monetary theory – by a journalist Youssef El-Gingihy. It gives oxygen to the views of an Australian economist, one William Mitchell who espouses what is known as Modern Monetary Theory (MMT) – yes, you got it in one – another crackpot economic approach that fails to recognise...

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Chris Roberts – Amazon Wants to Rule the Prescription Drug World

How big will Amazon get? Stuff is as cheap or cheaper than the shops and you an get it next day. Order it at 7pm on a Saturday and some poor Herbert may deliver it to you at 6pm the next Sunday evening.  He will drive his own car, have no uniform, and be self employed. What happened to the good postman job? Remember the postman whistling in the old days, now they just zoom by.  Surely we can all agree on this: Amazon just doesn’t have enough power yet. Which is why Amazon appears to be...

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David P. Goldman — Saudi Arabia gets its first real government

A couple of years ago I attended seminars with Chinese and Israeli counterterrorism experts in Beijing, in my capacity as a board member of a foundation that promotes Sino-Israel relations. A senior Chinese official complained that the Saudi royal family funds every radical madrassa in Xinjiang province, where Muslim Uyghurs of Turkish ethnicity form the majority. With a long and porous border stretching through sparsely-populated lands, Chinese security couldn’t prevent the funds from...

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Pat Lang — Israel is trying to blow up the ME again

All in all, a bibi scam that is working well Sic Semper Tyrannis Israel is trying to blow up the ME again. Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in the drafting of National Intelligence Estimates. From 1992 to...

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Inessa Sinchougova — Busted: Americans supply Europe with gas, which they buy in Russia

American capitalism at its "best." The United States supplies fuel to the liquefied gas terminal in Belgium's Antwerp, which is purchased in Russia. This story was initially reported by TASS, the journalists of which were investigating activities of offshore companies.It turned out that the liquefied gas arriving in Antwerp is delivered by four tankers, which belong to the Navigator Holdings company registered in the Marshall Islands.Almost one third (31%) of Navigator Holdings shares...

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BIS — Speeches by Zhou Xiaochuan, Jerome H Powell and William C Dudley

Bank for International SettlementsZhou Xiaochuan: Prospects of the Chinese economy - broad-based growth Speech and Q&A by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 32rd G30 Annual International Banking Seminar, Washington DC, 15 October 2017. Jerome H Powell: Introductory remarks Speech by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at the Roundtable of the Alternative Reference Rates Committee, The Federal Reserve Bank of...

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