Mike Norman Economics

Let me add that I have a really bad feeling about this development. The last time a scientist from Porton Down told the truth to a journalist, it did not end very well for him. Dr David Kelly soon met an extremely suspicious death. Let us hope that nothing of the sort will happen to Dr. Gary Aitkenhead.… Intel TodaySergei & Yulia Skripal — UK Scientists Unable to Pinpoint Origin of Novichok LSee alsoCraig Murray BlogOf A Type Developed By Liars Craig Murray, formerly British ambassador...

In discussions of global inequality, there is general agreement that, whatever else may have happened, within-country inequality has increased in most cases, even as between-country inequality has come down. But overall, because of the recent emergence of countries with large populations like China and India, there has actually been some reduction in global inequality, because of increasing incomes in the “middle” of the global distribution.... This is what gave rise to the famous...

Officials at the Office of the US Trade Representative were quoted as saying the proposal identified products which “benefit from Chinese industrial policies, including Made in China 2025.” According to research from investment bank Natixis, released Wednesday, more than two thirds of the items targeted by the tariffs are listed in the Made in China 2025 strategy, which outlines how China intends to move up the economic value chain by investing in strategic technologies. China’s plan to...

But besides all these modern factors, China rejects liberal democracy primarily because it is inconsistent with its history and institutions. During its more than 5,000-year history, China has never experienced democracy, which means it would require time to make a smooth transition from authoritarian to democratic rule. With some 56 ethnic groups and numerous regions whose interests might be at odds with one another, Western-style democracy might not only be dysfunctional but might cause...

My work on the Job Guarantee spans more than 25 years. The following paper [pdf] operationalizes the proposal for the United States.​Below are some easy-to-share answers to Frequently Asked Questions that I address in the paper.This webpage is intended to be a 'living document' that will be expanded and edited in response to new questions/concerns.​Please feel free to share with proper attribution. I welcome your comments [about]. Tcherneva, Pavlina, R. 2018. "The Job Guarantee: Design,...

A short blog post today (Wednesday and all). I am working on the revisions to our Modern Monetary Theory (MMT) textbook that will be published by Macmillan-Palgrave in November 2018. We have all the editorial and external reviews available now and are working through the editorial process to complete the final version. Mostly clarifications and style issues. There will be a slight rearrangement of chapter order and emphasis but nothing major. In the meantime, some thoughts on UBI and some...

And Nikki Haley at the U.N. has also used the U.S. veto to block any independent inquiry into the violence, demonstrating once again that the White House team is little more than Israel’s echo chamber. America’s enabling of the brutal reality that is today’s Israel makes it fully complicit in the war crimes carried out against the helpless and hapless Palestinian people.... It's significant that Col. Lang choose to repost this at his place considering that Giraldi has been ostracized for...

Today’s infographic comes to us from Geckoboard and it shows the common mistakes that people make in analyzing data. We’ve reformatted their PDF to fit here.Visual CapitalistHere are 15 Common Data Fallacies to Avoid Jeff Desjardins

Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored—or hotly debated—that week in the press. The economic impact of the bipartisan bank...

What is Operation Hades you ask? I confess to never having heard about it. It was a false flag operation conducted by the German intelligence and b, who is German, gives the details. Apparently, it was not reported in the US and a search on Operation Hades Germany turns up only a few hits in English, mostly later.Here is b's account. Telepolis points out (in German) that this would not be the first time that a 'western' service would stage such a 'provocation'. The Skripal case is indeed...