Mike Norman Economics

Along with the recent change in tone of Russian leaders, Putin's recent address, and now this revelation of what had been private indicates that something big is up. The Russian leadership did not just happen to shift its stance of conciliatory to oppositional. There was clearly a reason for it.Western observers tend to write this off as Putin grandstanding domestically in preparation for the coming election this month. But I don't think that is the reason. These are strong international...

I don't know much about Chinese democracy, but I what Andre Vltchek says about our democracy is true: there isn't one. Eventually, some outsider, like Jeremy Corbyn or Bernie Sanders, might beat the system and get voted in, but the oligarchs - our overlords - will snooker their policies as usual.  But now let’s talk about democracy.  First of all, the expression democracy is derived from Greek language. It loosely means ‘rule of the people’. It doesn’t stipulate that a truly democratic...

Thomas Palley has a new paper: The Case for Concerted Action Thomas Palley – Re-theorizing The Welfare State And The Political Economy Of Neoliberalism’s War Against It V. Ramanan

Trump here using active/kinesthetic methodology; assigning an exercise for China to perform wrt trade policy:China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!— Donald J. Trump (@realDonaldTrump) March 7, 2018 Gotta start somewhere... baby steps.

I would say the exact opposite.  They are removing the risk free component of the regulatory ratio that is the most volatile in amplitude and frequency.This will REDUCE the likelihood of future systemic failure... may actually eliminate the likelihood completely.Never send a trained lawyer to do applied mathematics; not qualified. Senate Republicans voted unanimously for the #BankLobbyistAct. But this bill wouldn’t be on the path to becoming law without the support of these Democrats. The...

Looks to be the result of ignorance rather than manufacturing fake news. But still bad from the POV of professional journalism.Moon of AlabamaNo. Russians Did Not Hack The FCC Comments. bSee alsoThis is a different story. It involves ignorance but on the public's part about intelligence in order to sell a lie. Americans tend to be a trusting lot. When they hear a high level government official, like former Director of National Intelligence Jim Clapper, state that Russia’s Vladimir ordered...

Collision course, and the US military gets it. No matter, full steam ahead. World domination at stake, with trillions upon trillions on the table.INSURGE intelligence - MediumArmy study: US strategy to ‘dethrone’ Putin for oil pipelines might provoke WW3Nafeez Ahmed

Skin in the Game: Hidden Asymmetries in Daily Life is the latest instalment of Nassim Nicholas Taleb's Incerto series, which is "a combination of a) practical discussions b) philosophical tales, and c) scientific and analytical commentary on the problems of randomness, and how to live, eat, sleep, argue, fight, befriend, work, have fun, and make decisions under uncertainty" (description from the Introduction). This article is a limited review of some of the aspects of the discussion of the...

Extensive Godley quote from 1995 paper and more.The Case for Concerted ActionWynne Godley And Non-selective Protectionism V. Ramanan

Lead author Professor Shira Gabriel, a psychiatrist at Buffalo University in New York, said: “I strongly believe Donald Trump would not be President if it weren’t for his being on The Apprentice and The Celebrity Apprentice. “It’s not the only factor – but this was a close election and knowing what I know about the strength of parasocial relationships and based on what we found through this research I believe he wouldn’t be in office if it weren’t for these television shows.”  An expert...